OLM, Other Firms Establish Venture Capital Fund for Media Content
posted on by Rafael Antonio Pineda
Anime studio Oriental Light and Magic (OLM), its parent company Imagica Group, advertising agency Adways, Shogakukan, Takara Tomy, mixi, and SMBC Venture Capital launched a 1.2-billion-yen (about US$11 million) venture capital fund for media content on March 28 called "OLM-1 Investment Limited Partnership."
OLM Ventures, a subsidiary company that Imagica Group (formerly Imagica Robot Holdings) established last June, is managing the fund.
The fund will prioritize cooperation with start-up companies and R&D companies outside of Imagica Group, specializing in media content, including in the fields of virtual reality, augmented reality, mixed reality, video streaming, and smart toys.
OLM is best known for production on such anime as the various Pokémon television anime, films, and video anime, as well as the Yo-kai Watch television anime and films. The studio also animated the
Imagica Group acquired OLM in 2015.
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