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[FUNDING-NEWS] Japan-Based Manga Tech Startup Orange, Secures $19.5 Million in pre-series A funding

Manga localization technology startup Orange, Inc. announced pre-series A capital raise about USD 19.5 million.

Manga localization technology startup Orange, Inc. announced pre-series A capital raise about USD 19.5 million.

Shogakukan, Globis Capital Partners, ANRI, SBI Investment, JIC Venture Growth Investments, Miyako Capital, Mitsubishi UFJ Capital, Chiba Dojo Fund, Mizuho Capital, and GFR Fund led the financing round.

Read also – Singapore-Based Ai Palette secures $500K in Series A1 Extension Round Funding

The money will go towards creating a deep learning model-based localization product and launching their digital manga store in the summer of 2024.

Orange is a Japanese entertainment technology startup that is focused on the manga market. The company uses deep learning technology to take advantage of both historical development challenges in the traditional Japanese art form production and substantial worldwide market prospects.

Read also – Vietnam-Based Prep Secures $7 Million in series A Funding

With a compound annual growth rate of 10%, the worldwide manga market has experienced significant growth and is predicted to reach USD 42.2 billion in 2030. A growing worldwide IP sector has emerged from this traditional Japanese form of entertainment, which is a reflection of the growing popularity of manga and related industries like anime.

About Orange Inc.

Founded in 2021, Orange, Inc. has been focusing on its mission of “creating a world where everyone enjoys manga” by developing manga localization technology for mass localized publishing. They wish to empower the life of each manga fan, regardless of nationality, age, or gender, through delivering diverse and unique manga. They strive to pass down the joy of manga to future generations.

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