Brave group Raises Additional US$10 Million to Accelerate Metaverse Business, Finalizing Total Series C at US$18 Million

- Investors Are Japanese Companies Such as Dawn Capital and Osaka Gas,ForeignInvestment Funds and Individual Investors -

TOKYO,June 23,2022 --Brave group Inc.,a virtual IP business based in Japan,has raised US$10million in new capital in anticipation of business expansion and global development in the metaverse and Web3 domains from Japanese companies such asDawn Capital and Osaka Gas Co.,Ltd.,foreign investment funds and individualinvestors. This brings the total raised capital to US$18 million.

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With this new capital,Brave group intends to strengthen its existing businessoperations and global expansion,expand its solution services for clients inthe metaverse marketing business,develop additional "Brave Engine" productsand other new businesses,and strengthen its management structure.

Brave group's recent business moves intended to strengthen alliances for globaldevelopment include collaboration with "MyAnimeList," which operates one of theworld's largest animation communities,and a business alliance with "Billboard Indonesia," the Indonesian version of "Billboard," formed in May 2022. In addition,in the metaverse marketing business launched last year,Brave grouphas developed a series of solution services for corporate clients and are steadily building a track record.

Introduction video: https://youtu.be/e8zvzLuzYUM

For this fundraising,Kazuhiro Ishikura,General Partner of Dawn Capital,Akatsuki Ventures Inc.,said: "As the boundary between real and virtual life disappears,the form of entertainment will also change,and new IP content KOLs are expected to be born. As the metaverse market grows globally,we believe that the Brave group's content will be at the center of the enthusiastic virtual communities that will emerge. We hope that the strength of the anime and manga culture that Japan has cultivated over the years will be brought tothe world virtually."

Yuichi Sakamoto,Senior General Manager,Innovation Department of Osaka GasCo.,said: "Thank you for the opportunity to be a part of Brave group'sgrand challenge. As the spread of the COVID-19 redefines the way we live ourlives,we are focusing on the metaverse as a next-generation communicationalternative to the real world. We look forward to working with Brave group torealize lifestyles and businesses that respond to the New Normal byaccompanying our customers' changing lifestyles and business styles anddeveloping services and solutions that are best suited to each customer."

Shunji Ashikaga,Managing Executive Officer of Saison Ventures Inc.,said:"Thank you very much for giving us the opportunity to join Brave group,whichis strongly involved in the virtual IP business and the metaverse market. I amvery pleased to be working with you because of Noguchi-san's strong salesskills for enterprise and enthusiasm. I believe that its business will have agreat impact not only in Asia but also in the whole world in the future. We arelooking forward to working together with you in the card business so that wecan help you in your endeavors. Let's create a fun world together."

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For this fundraising,Keito Noguchi,CEO of Brave group,said: "Through thisfundraising,we will work to maximize the impact of Brave group's IP not onlyin Japan but also in the world. We have many other new initiatives in theworks,so please look forward to the brand-new reborn Brave group."

About Brave group

Founded in October 2017,Brave group develops and operates virtual IP such asRIOT MUSIC and other virtual artists,and also provides solutions aboutmetaverse marketing. Brave group's content has been viewed by users in morethan 150 countries,with a total of more than 1 million followers on socialnetworking sites,and a total of more than 100 million views on YouTube. To date,Brave group has raised US$18 million in funding from investors including (but not limited to) Dawn Capital and Osaka Gas Co.,and other companies.(All figures are as of June 2022.)

Official website: https://bravegroup.co.jp/en/

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