Japan-Based VR Studio MyDearest Raises $7.8 Million in Funding Round
The Tokyo-based studio behind the popular Chronos Universe has raised $7.8 million (equivalent to 1.2 billion yen) in the latest funding round that will go into expanding its existing Intellectual Property (IP) on Quest 2 and PSVR 2 headsets.
MyDearest has previously been involved in a publishing initiative aimed at introducing more virtual reality games into the Japanese market.
MyDearest’s latest funding round was led by SBI Investment Co. Also participating in the funding round were NetEase Games, Wing Capital Partners, DG Daiwa Ventures Inc., OLM Ventures inc., Mitsubishi UFJ Group, Samurai Incubate Inc., and Dentsu Group.
MyDearest has been a leading purveyor of virtual reality games in Japan. According to the company’s CEO Kento Kishigami, the latest funding round will help the studio extend its wings beyond the Japanese market and into the rest of the world. Kishigami believes virtual reality technology is key to creating entertainment experiences that would soon be “the common language in a new world.”
Kishigami says the studio is also planning to overcome future challenges such as the additional global expansion of its original IP. These include titles such as Dyschronia: Chronos Alternate, the latest game in the Chronos Universe. The title is set to be released on PC VR and will feature optional flatscreen support along with Nintendo Switch.
MyDearest is also building a melee-focused “smack & shoot” 3v3 multiplayer game called Brazen Blaze which is inspired by Overwatch and Super Smash Bros. Ultimate. Brazen Blaze shows good promise and could potentially be an essential multiplayer virtual reality experience.
It will launch on both Steam and Quest next year. An open beta is slated for February next year.
https://virtualrealitytimes.com/2023/11/13/japan-based-vr-studio-mydearest-raises-7-8-million-in-funding-round/https://virtualrealitytimes.com/wp-content/uploads/2023/11/Dyschronia-Chronos-Alternate-600x315.pnghttps://virtualrealitytimes.com/wp-content/uploads/2023/11/Dyschronia-Chronos-Alternate-150x90.pngGamingTechnologyThe Tokyo-based studio behind the popular Chronos Universe has raised $7.8 million (equivalent to 1.2 billion yen) in the latest funding round that will go into expanding its existing Intellectual Property (IP) on Quest 2 and PSVR 2 headsets. MyDearest has previously been involved in a publishing initiative aimed at...Sam OchanjiSam Ochanji[email protected]EditorVirtual Reality Times - Metaverse & VR