HIKKY Co., Ltd., VR service provider and organizer of the world’s largest VR event, Vket, has raised another 500 million Japanese yen through a third-party allotment to MEDIA DO Co., Ltd. to conclude their Series A funding round. The companies also signed a capital and business partnership on January 18, 2022.
Fran Toolan remains CEO for at least three years, as the US subsidiary of Tokyo’s Media Do acquires all shares of Firebrand and NetGalley.
Image: Opening panel on NetGalley’s Japan site
Toolan: ‘Continuity for Our Customers’
In an announcement made to members of the press this evening (February 1), Fran Toolan founding CEO of Firebrand Technologies, which owns NetGalley has announced that both companies have been sold to Media Do International.
Seated in San Diego, Media Do International is the American subsidiary of Tokyo’s Media Do Ltd. In Japan, the company was founded in 1994 by Yasushi Fujita, reportedly while in his junior year in college. The US company was created in 2016.