Korean Startup ‘Over The Hand’ Raises Pre-Series A for Virtual YouTuber Expansion
Korean Virtual YouTuber(VTuber) Tech & Entertainment company ‘Over The Hand‘ has secured pre-Series A funding. DS Investment Securities and Company X participated in this investment round
‘Over The Hand’ is developing a one-stop service, ‘MASCOZ’, that allows the creation of 3D avatars, live broadcasting, and monetization for VTuber. With this platform, they aim to drastically reduce the time and cost traditionally required to create VTuber characters and broadcasts, leading to the popularization of VTuber content both domestically and abroad. Currently, they are fostering VTuber through collaborations with entertainment companies and are in discussions regarding various collaboration offers from entertainment and IP firms.
Currently, MASCOZ is undergoing closed beta testing and is involved in VTuber entertainment collaboration projects.
Additionally, ‘Over The Hand’ has aggressively positioned itself for domestic market capture and overseas expansion by recruiting an AR/VR expert from Samsung Electronics as CTO and a Japanese business specialist from NHN Entertainment and Line Games as COO.
DS Investment Securities plans to support MASCOZ’s domestic market capture through this investment. Company X, a registered accelerator with the Ministry of SMEs and Startups and a TIPS operator, intends to support MASCOZ’s overseas market entry and IP (Intellectual Property) business activities.
Kang Il-shin, a director from the investing Company X, commented, “Recently, the global VTuber market has been prominently led by the Japanese company Hololive, to the extent that its representative, Tanigo Motoaki, directly visited Korea. This shows how rapidly the Korean VTuber market is developing.” He added, “Given this backdrop, and seeing how ‘Over The Hand’ consistently communicates with players and successfully develops products and collaboration projects, we believe that ‘Over The Hand’ has the potential to become a representative VTuber entertainment company in Korea. This is why we decided to invest.”
- Chabot Mobility Acquires SK Networks’ ‘The Carpet’ to Enhance Vehicle Management
- Nullee Raises KRW 5B in Series B to Enhance SSEM Tax Filing Service and Expand
- Rexpharm Forms MOU with Timely Basket to Develop and Distribute Health Foods in U.S.
- Tokyo Hosts ‘SusHi Tech 2024’ in May to Foster Global Startup Innovation for Sustainable Cities
- ModuSign Secures 17.7 Billion KRW Series C Investment for E-contract Solutions
- [Korean Startup Weekly News #15] ‘Startup Korea Fund’ launched with KRW 500 billion from government and private investors
- SEOUL BIOHUB Global Center Opens, Aiming to Boost Global BioTech Competitiveness
- KDB Takes Korean Innovation to Silicon Valley: “KDB NextRound” Connects Startups with Global Investors
- Table Order Company T’Order Announces US and Global Expansion Plans for 2024
- Molecular Innovations raises a 200M KRW funding for developing pharmaceuticals with innovative materials
