MyDearest, best known for the Chronos Universe, raised $7.8 million to expand existing IP on Quest 2 and PSVR 2.
Following a previous publishing initiative to bring more VR games to Japan, MyDearest recently closed its latest funding round at 1.2 billion yen ($7.8 million USD). This was led by SBI Investment Co., Ltd with further investors including NetEase Games, DG Daiwa Ventures Inc., Wing Capital Partners, Ltd., OLM Ventures Inc., Samurai Incubate Inc., Dentsu Group and Mitsubishi UFJ Capital.
“Until now, MyDearest has been a frontrunner in VR games representing Japan, but with this round of funding, it will become a frontrunner in VR games representing the world," said Kento Kishigami, MyDearest CEO in a prepared statement. "The technology of VR holds the potential to create entertainment experiences that will become the common language in a new world."
Outlining the studio's plans further, Kishigami states the challenges ahead include further global expansion of its original IP. That notably includes Dyschronia: Chronos Alternate, the latest Chronos Universe game. Following its episodic release on Quest and PSVR 2, it's now coming to PC VR with optional flatscreen support and Nintendo Switch.
MyDearest is also developing Brazen Blaze, a melee-focused "smack & shoot" 3v3 multiplayer game inspired by Overwatch and Super Smash Bros. Ultimate. In our TGS preview, we noted "the game’s potential to become an essential multiplayer VR experience." Launching next year on Quest and Steam, an open beta test is planned for February and you can read our impressions below:
Alicia Haddick
