AnotherBall, the operator of the VTuber platform “Avvy,” announced that it has secured 2.5 billion yen in debt financing from The Shoko Chukin Bank, Ltd., MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation, and Mizuho Bank, Ltd. This brings the total amount raised to 4.7 billion yen.
The funds raised will be used to expand Avvy’s international presence and increase its adoption. As of the end of May 2025, when the trial version was released, the majority of Avvy users were already from overseas.
Avvy is an app that allows you to create high-quality avatars and stream content using just a smartphone, completely free of charge. It surpassed 200,000 registrations in just 10 days after the release of its trial version. Traditional VTuber activities required initial investments of hundreds of thousands of yen for illustration and modeling, as well as streaming equipment. Avvy aims to lower these economic and technical hurdles.
In addition to Avvy, AnotherBall also owns Mayflower, a studio that handles game and video production. Mayflower, which joined the group in May 2024, is a tech animation studio that works to streamline the production process by utilizing technology.
Oyu Syunsuke, Representative Director and CEO, commented on this fundraising round as follows:
“AnotherBall was founded on the idea that if we can accelerate the overwhelming ‘power of imagination’ born from Japan’s climate and history with technology, Japan can still compete on a global stage. This time, we have received support from leading Japanese financial institutions in an ‘all-Japan system’ that goes beyond the boundaries of individual staff, enabling AnotherBall to take on even bigger challenges. We will bring back the irrational enthusiasm and youthful spirit of adults to the Japanese startup industry and create products that will resonate with the world.”
This article is an English translation of an original Japanese article, translated by the Mogura VR editorial team.
Reference
AnotherBall Press Release
AnotherBall Recruit
