- Kasagi Labo anime studio raises $12M for global expansion.
- It aims to capture growing anime market worth $62.7B by 2032.
- Its plans include partnerships, IP acquisitions, and anime merchandising.
A stellar boost for Singapore’s anime dreams
Kasagi Labo, a Singapore-based anime venture studio, has secured a $12 million pre-series A funding round, propelling its total capital raised to $20 million.
Led by Burda Principal Investments, a subsidiary of the European media and tech giant Hubert Burda Media, the investment round witnessed participation from CMT Digital, Superscrypt, Hashed, Sfermion, and Gold House Foundation.
Soaring towards animated dominance
This substantial financial boost positions Kasagi Labo to forge strategic partnerships and acquire existing anime intellectual properties.
Founded in 2023 by serial entrepreneur Kendrick Wong, the studio specializes in providing Japanese anime content through intellectual property licensing, distribution, and merchandising, encompassing original animations, limited-edition merchandise, and virtual anime experiences.
Capitalizing on the global anime market’s projected growth from $25.8 billion in 2022 to $62.7 billion by 2032, Kasagi Labo aims to capture a slice of this burgeoning industry.
The company’s plans align with the surge in video-on-demand services, which contributed to global anime sales surpassing Japanese sales for the first time in 2020.
To read the original article: https://www.techinasia.com/singapores-kasagi-labo-receives-12m-boost-anime-distribution
