# Brave group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/brave-group

- Industry: Media
- Headquarters: Tokyo, Japan
- Website: www.bravegroup.co.jp
- Total disclosed funding: $28M
- Latest round: Series E (Apr 22, 2026)
- Investors on record: 31

## About

Founded in 2017 and based in Tokyo, Japan, Brave Group Inc., formerly known as Unlimited, Inc., operates as a media firm that produces VTubers. In April 2026, Brave group, d.b.a Brave group Inc., raised an undisclosed amount in series E funding?from BSP Asset Management, Cool Japan Fund, Global Brain, IMM Investment, Money Forward Venture Partners, NHN JAPAN, Nippon Broadcasting System, Inc., SMBC Nikko Securities, SPRIX, Sumitomo Mitsui Trust Asset Management, Sumitomo Mitsui Trust Investment and Wing Capital Partners, with participation from REALITY, Inc. (Japan), THIRDWAVE CORP., Tokyo University of Science Innovation Capital and Kakao Investment. This round was part of a larger JPY 8 billion equity and debt financing. As of 2025, the company is led by its CEO and representative director, Yoshito Noguchi.

Brave Group offers a variety of services related to virtual entertainment, including virtual YouTubers, esports, and music. The firm produces VTubers through its Virtual Esports Project, VSPO, and the virtual music label RIOT MUSIC.

The company plans to use the funds raised in April 2026 to strengthen global IP localization and marketing, enhance studios and XR R&D, and support strategic M&A/alliance initiatives.

## Funding rounds

- Series E, Apr 22, 2026 — SMBC Nikko Securities, Sumitomo Mitsui Trust Investment, Global Brain, Cool Japan Fund, IMM Investment, Kakao Investment, Nippon Broadcasting System, Inc., Sumitomo Mitsui Trust Asset Management, NHN JAPAN, Money Forward Venture Partners, Tokyo University of Science Innovation Capital, SPRIX, Wing Capital Partners, BSP Asset Management, REALITY, Inc. (Japan), THIRDWAVE CORP.
- Series D, Dec 20, 2023, $4.5M — Septeni Holdings, REALITY, Inc. (Japan), Sumisho Venture Partners, Shochiku Ventures, THIRDWAVE CORP., Yostar Inc.
- Series D, Aug 23, 2023, $14M — Revamp Corporation, Money Forward Venture Partners, Tokyo University of Science Innovation Capital, ADWAYS Ventures, Simplex Capital Investment
- Series C, Jun 7, 2022, $10M — Osaka Gas, nanameue, inc., Saison Ventures, Akatsuki Ventures, Mynavi, Septeni Holdings, Thirdverse, Co., Ltd., Reiwa Travel Inc., REALITY, Inc. (Japan), 9st Inc.

## Investors

- Osaka Gas — Series C
- nanameue, inc. — Series C
- Saison Ventures (https://capitalatlas.ai/funds/saison-ventures) — Series C
- Akatsuki Ventures (https://capitalatlas.ai/funds/akatsuki-ventures) — Series C
- Mynavi — Series C
- Septeni Holdings — Series C, Series D
- Thirdverse, Co., Ltd. — Series C
- Reiwa Travel Inc. — Series C
- REALITY, Inc. (Japan) — Series C, Series D, Series E
- 9st Inc. — Series C
- Revamp Corporation — Series D
- Money Forward Venture Partners (https://capitalatlas.ai/funds/money-forward-venture-partners) — Series D, Series E
- Tokyo University of Science Innovation Capital (https://capitalatlas.ai/funds/tokyo-university-of-science-innovation-capital) — Series D, Series E
- ADWAYS Ventures — Series D
- Simplex Capital Investment (https://capitalatlas.ai/funds/simplex-capital-investment) — Series D
- Sumisho Venture Partners (https://capitalatlas.ai/funds/sumisho-venture-partners) — Series D
- Shochiku Ventures (https://capitalatlas.ai/funds/shochiku-ventures) — Series D
- THIRDWAVE CORP. — Series D, Series E
- Yostar Inc. — Series D
- SMBC Nikko Securities — Series E
- Sumitomo Mitsui Trust Investment (https://capitalatlas.ai/funds/sumitomo-mitsui-trust-investment) — Series E
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series E
- Cool Japan Fund — Series E
- IMM Investment (https://capitalatlas.ai/funds/imm-investment) — Series E
- Kakao Investment (https://capitalatlas.ai/funds/kakao-investment) — Series E
- Nippon Broadcasting System, Inc. — Series E
- Sumitomo Mitsui Trust Asset Management — Series E
- NHN JAPAN (https://capitalatlas.ai/funds/nhn-japan) — Series E
- SPRIX — Series E
- Wing Capital Partners (https://capitalatlas.ai/funds/wing-capital-partners) — Series E
- BSP Asset Management (https://capitalatlas.ai/funds/bsp-asset-management) — Series E