MyDearest, the Japan-based VR studio behind the Chronos adventure game franchise, announced it’s secured $7.8 million (1.2 billion yen), something the studio says it will use to expand its existing IP for VR headsets, such as Meta Quest and PSVR 2.

The investment was led by SBI Investment Co., Ltd. and is joined by DG Daiwa Ventures Inc., NetEase Games, Wing Capital Partners, Ltd., OLM Ventures Inc., Samurai Incubate Inc., Dentsu Group and Mitsubishi UFJ Capital.

MyDearest initially specialized in patently Japanese-style adventure games that is heavily influenced by manga, including Tokyo Chronos (2019), Altdeus: Beyond Chronos (2020), and Dyschronia: Chronos Alternate (2022).

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With the funding, the studio hopes to further expand both its original IP and publishing business. Coming in 2024 is the studio’s first multiplayer shooter, Brazen Blaze, representing the studio’s first big step clearly outside of the adventure game genre.

According to MyDearest CEO Kento Kishigami, the studio hopes to use the funding to better appeal to users worldwide, and not just in Japan.

“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.” The technology of VR holds the potential to create entertainment experiences that will become the common language in a new world.”

Founded in 2016, the latest round brings the company’s total funding to $16.1 million (2.4 billion yen) to date.

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Scott Hayden
Well before the first modern XR products hit the market, Scott recognized the potential of the technology and set out to understand and document its growth. He has been professionally reporting on the space for nearly a decade as Editor at Road to VR, authoring more than 3,500 articles on the topic. Scott brings that seasoned insight to his reporting from major industry events across the globe.
  • Anonymous

    Blessings to them. We need more quality games from around the world and not just western contents.

    However… I really hope they don’t lose their ways further and attempt too hard on that “LMAO Battle Royale shooter with Anime Characters” that Thrillseeker helped develop.

    We already know it will be a failure as forcefully blending two styles have NEVER worked. The should release it fast and move away.

    • ViRGiN

      Thrillseeker doesn’t care where the money is getting invested into – as long as he gets paid, he will be super happy to shill the shittiest shits, like he did with Vail. Vail flopped SO HARD, that he even deleted all his old shill videos. Nowadays whenever someone is trying to point out, noone believes it, cause the videos are gone.

      However, if you watch shills like him, that’s entirely on the viewer. It’s safe to assume most people who watch him are just kids, who never used VR, and never will for the forseeable future.

      Overall, whenever you see YouTubers involved, it’s a guaranteed mess.