Risa Partners Invests In XM Studios
Risa Partners, a subsidiary of NEC Capital Solutions Limited has invested an undisclosed amount in XM Studios, an award-winning producer of premium pop culture collectibles early this month.
In a statement, the investment bank said the money would be used to support the company’s continued global expansion and for new business lines.
“With strong networks and deep expertise in Japan, RISA is an ideal partner for our growth plans in Japan, which has some of the most sought-after pop culture brands in the world,” XM Studios CEO and co-founder Ben Ang said.
“In late 2020, we obtained global licenses to the Ultraman and Godzilla IPs.
“We look forward to working with RISA to bring more Japanese pop culture collectibles to our fans and collectors from all over the world,” Ang added.
The company expects to launch a pop-up shop of its memorabilia in Tokyo in the second half of this year.
Risa will help strengthen XM Studios’ ongoing efforts to source more creative intellectual properties (IP) from Japan and facilitate its development into the market.
XM Studios also plans to set up an advisory team to accelerate its growth internationally and would invite Risa’s chairman Chua Taik Him to be its special advisor.
“XM Studios has rapidly grown to become one of the top global players in the high-end pop culture memorabilia market,” said Chua.
“With its global network and deep knowledge in handling intellectual assets, it is well-positioned to scale multi-dimensionally in the creative and entertainment industry.”