# CHOCOLATE

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chocolate

- Industry: Media
- Headquarters: Tokyo, Japan
- Website: https://chocolate-inc.com/
- Total disclosed funding: $9M
- Latest round: Series A (May 1, 2019)
- Investors on record: 1

## About

CHOCOLATE Inc. is a Tokyo-based entertainment company specializing in creating interactive media experiences and character-based merchandise, fostering engagement and enjoyment in its audience.Founded in 2015 in Tokyo, Japan, CHOCOLATE Inc. focuses on delivering innovative entertainment solutions. The company has participated in 3 deals, with its most recent funding round being a Series A on May 1, 2019, where it raised JPY 998 million from JAFCO Group. Currently, the company is valued at JPY 5,308.676 million. Daniel Farfan is the founder, while Owen Davies serves as the CEO.CHOCOLATE Inc. specializes in creating diverse forms of entertainment, including interactive media experiences, entertainment content production, and character-based merchandise. Their offerings are designed to engage various audiences, including gaming enthusiasts and families, while emphasizing collaborative partnerships to expand their reach across platforms and markets.The revenue model for CHOCOLATE Inc. combines direct-to-consumer sales, partnerships, and potential subscription services. They generate revenue through the sale of flagship products, including character-themed merchandise and media content, catering to individual consumers and businesses seeking collaboration, reflecting the value of their unique entertainment offerings.CHOCOLATE Inc. plans to utilize the JPY 998 million raised in their Series A funding to support the launch of new products and explore expansion into new markets across Asia and globally. The funding will enhance their ability to design new interactive experiences and merchandise, responding to the growing demand for innovative entertainment. The company aims to finalize these initiatives by the end of 2023.

## Funding rounds

- Series A, May 1, 2019, $9M — JAFCO Group

## Investors

- JAFCO Group (https://capitalatlas.ai/funds/jafco-group) — Series A