Brave group Inc., a company primarily focused on the VTuber business, has raised over 8 billion yen in its Series E funding round. Since its founding in October 2017, the company has raised a total of approximately 14 billion yen.
This funding round consists of a third-party allocation of shares from 16 companies and loans from 3 companies. A total of 19 investors and financial institutions from Japan and overseas participated, including REALITY Inc., Mizuho Bank, Ltd., Kirin Holdings Company, Limited, Nippon Broadcasting System, Inc., and Kakao Investment Co., Ltd.
https://www.youtube.com/watch?v=R3ehfNaG6G4
In addition, REALITY Inc., a wholly owned subsidiary of GREE Holdings, Inc., has made an additional investment, making the GREE Group the largest shareholder of Brave Group. The GREE Group has previously focused on the VTuber field through the development and operation of the smartphone metaverse “REALITY” and the talent production business at REALITY Studios Inc. This acquisition of the largest shareholder will further strengthen the strategic partnership between the two companies.
The funds raised will be used for four main purposes: strengthening the IP localization system and marketing investments in overseas markets, developing new businesses for existing IPs, strengthening studio facilities including research and development of distribution systems and XR technology, and promoting M&A and alliances both domestically and internationally.
Noguchi Keito, CEO of Brave Group, commented, “We have been running full speed ahead with the sole aim of changing the world through entertainment. We see these figures as a testament to the strong trust placed in us by our investors.” The company also indicated its intention to further accelerate its IP development across borders and aim to become a leading global company representing Japan.
Tanaka Yoshikazu, Chairman and President of GREE Holdings, stated, “By becoming the largest shareholder, we have established a system to strongly support its growth and further strengthen our collaboration.”
Brave Group currently operates with 432 employees and 16 group companies. With this funding round, we plan to further accelerate our expansion into the global market.
Brave Group Procurement Overview
| Funding round | Series E |
| Total amount raised | Over 8 billion yen |
| Total amount raised | Approximately 14 billion yen |
| Number of participating companies | 18 companies (15 underwriters + 3 lenders) |
| Largest shareholder | GREE Group (via REALITY Co., Ltd.) |
| Use of funds | Global expansion, IP diversification, technology investment, and M&A promotion. |
| Number of employees | 432 people (as of April 1, 2026) |
| Number of group companies | 16 companies |
| Official website | https://bravegroup.co.jp/ |
This article is an English translation of an original Japanese article, translated by the Mogura VR editorial team.
Reference
PRTIMES (Brave group Co., Ltd.)
PRTIMES (GREE Holdings, Inc.)
