Anime database website MyAnimeList has announced that entertainment company Akatsuki Inc., video distribution company The Anime Times Company Inc., electronic commerce company DMM.com LLC, and media conglomerate Kadokawa Corporation will collectively underwrite 311 million yen (about US$2.835 million) of MyAnimeList stock through a third-party allotment.
The stock is part of the 1.2 billion yen (about US$11.33 million at the time) in shares the company issued in February 2021. Japanese publishing companies Kodansha, Shueisha, and Shogakukan invested the money in MyAnimeList through a third-party allotment. The companies, together with MyAnimeList parent company Media Do, implemented the third-party allotment and underwrote half of this amount.
MyAnimeList plans to invest the funds from February 2021’s third-party allotment to accelerate expansion of its platform, focus on accessibility for new and returning users, promote information exchange, increase server robustness, and advance interconnection between fans and businesses. The company’s immediate plans to achieve these goals include implementing infrastructure changes to increase speed and support advanced UI/UX features, multi-language support for databases and user lists, iOS and Android application improvements such as dark mode and social functions, and upgraded user communication tool enhancements for increased information sharing.
MyAnimeList launched in 2005, and DeNA purchased the site in 2015. Media Do Holdings later acquired the site from DeNA in January 2019.