Graffity, who are developing an AR battle game, raise about $910,000 USD in additional funding
Summary
Graffity announced on January 21 that it has raised a total of about 100 million yen (approximately $910,000 USD) through bonds with stock acquisition rights with two angel investors, in addition to Deepcore and East Ventures. So far, they have released the AR shooting battle "Pechabat," which surpassed 10,000 downloads in its first week. Deepcore, which will be an underwriter, is an incubator and venture capital firm specializing in AI that aims to foster outstanding young entrepreneurs in AI, especially in the field of deep learning, with the mission of CORE for Disruptive Innovations. East Ventures, another underwriter, is a VC fund dedicated to active, growing companies in their seed or early stage. They state that they are expanding their investment activities, focusing on Japan and Southeast Asia.