Kasagi Labo CEO Kendrick Wong
Singapore-based Kasagi Labo, a venture studio that brings authentic Japanese anime to a global audience, has secured US$12 million in a pre-Series A round of financing led by Burda Principal Investments, a division of Europe’s media and technology conglomerate Hubert Burda Media.
CMT Digital, SuperScrypt, Hashed, Sfermion, and Gold House Foundation participated.
This brings Kasagi Labo’s total funding raised to date to US$20 million.
Kasagi Labo will invest the funds in anime productions by building, partnering, or acquiring existing anime IPs. This initiative aligns with the prevailing trends in the industry, driven by the surge in video-on-demand services.
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Founded and helmed by anime enthusiast Kendrick Wong, Kasagi Labo delivers authentic Japanese anime content through a multifaceted approach encompassing IP licensing, distribution, and merchandising. The platform aims to unite the entire anime content creation ecosystem, from IP owners to artists and voice actors.
Industry forecasts predict a remarkable compound annual growth rate (CAGR) of 9.4 per cent, propelling the anime industry from its 2022 valuation of US$25.8 billion to an estimated US$62.7 billion by 2032.
Founder and CEO Kendrick Wong said: “With a strong coalition of strategic investors, industry advisors, and an experienced management team, the company is well-positioned to spearhead innovation and set new benchmarks in the global anime landscape.”
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