CyberAgent Capital has invested in KUROGO Corporation to enhance its 'FEAT' creator collaboration platform, aimed at empowering independent artists and responding to the ever-growing demand for innovative co-creation solutions.

Target Information

KUROGO Corporation operates 'FEAT', a groundbreaking creator collaboration platform dedicated to empowering independent artists and fostering a creative environment where they can thrive. Founded with the mission of opening the market for artists with potential, KUROGO aims to minimize the barriers that independent creators face while facilitating seamless collaborations across various domains including music, animation, and visual arts. FEAT connects about 4,000 creators, including composers, singers, illustrators, and video creators who come together to co-create without the constraints commonly found in traditional settings.

The rise of independent artists, who typically operate outside major labels or talent agencies, is rapidly transforming the domestic creative industry. In 2024, it was reported that independent artists and labels collectively generated over $5 billion in revenue on Spotify, asserting their significant presence by claiming nearly half of the platform's total royalty payments. With the launch of 'FEAT', KUROGO enables creators to leverage their skills flexibly on project-based collaborations, thus adapting to the evolving landscape of creative work.

Industry Overview

The Japanese creative industry has witnessed a profound shift towards independent artistry in recent years. The emergence of DIY artists has altered traditional business models and established a vibrant e