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The Venture Codex

Openrec

16F, Shibuya Mark City West, 1-12-1 Dogenzaka, Shibuya-ku, Tokyo, 150-0043, Japan

Overview

OPENREC.tv is a live streaming and game-event community platform that offers live broadcasts, original content, and event programming. The platform serves more than 10 million users worldwide. It runs large offline events such as the second “配信者ハイパーゲーム大会,” which featured 100+ streamers, ~40,000 attendees, and a peak concurrent connection of about 300,000. OPENREC is also developing original IP and creator-branded products, including the apparel label “with mellow,” with some items selling out immediately. Following the raise, the company plans to strengthen offline events, accelerate IP creation, produce original programs, improve user experience, and expand hiring and operations. Financially, it completed approximately ¥2.4 billion of funding through a third‑party allotment and bank borrowings.

Total raised
$16M
Funding rounds
2
Latest round
Equity
Latest activity
May 2024

Industries

  • Digital Entertainment
  • Music Streaming
  • Video Streaming
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Recent funding

  1. Equity

    May 2024

    $16M

Team

No current team members are available.