Japan virtual YouTuber management agency raises $6.6 million to expand globally
Summary
30 million yen from Mizuho Capital, TLM, and angel investors) and their series A round back in June of 2018 (approx. The company runs a VTuber agency business called Hololive Production which allows entertainers to perform a fictitious character using VR-based 3D avatars. In the agency, nearly 50 VTubers in Japan and overseas are attrarcting a total of more than 15 million fans through these performers’ livestreaming channels on YouTube and China’s Bilibili. The company says it will use the funds to strengthen VTuber management business in Japan and overseas, promote virtual live performances, and develop other Extended Reality-based services. The company has already started offering VTuber management production services in China and Indonesia as well as rolling out auditions in several English-speaking countries.