Japanese virtual performer startup COVER has raised 700 million yen

The real entertainment industry is in recession due to the coronavirus pandemic, but the virtual entertainment industry is booming and the news of funding is continuous.

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Japanese virtual performer startup COVER has raised a total of 700 million yen from venture capitalists and individual investors. As a result, their cumulative amount raised to about 1 billion yen.

They are startups of virtual performers(VTuber). Under their umbrella are women's VTuber group Hololive, men's VTuber group Holostars, and the virtual music label Inonaka Music.
In particular, they have recently been focusing on overseas expansion, starting activities in China's video sharing service Bilibili in January 2019, and starting a VTuber business in China in September 2019. They also started the VTuber business in Indonesia in April 2020 and are currently holding a VTuber audition in the English-speaking world.

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Japanese VTuber Productions will expand into the English-speaking world

Their most popular VTuber Tokino-Sora. She debuted in September 2017 and their business started.

Now they have 50 VTubers, and the total number of YouTube and Bilibili fans has exceeded 15 million.

With the funds raised this time, they will strengthen VTubers support, further accelerate VTuber business overseas such as English-speaking countries, and develop new services of XR such as virtual show platform.