WAKA Raises 500 Million JPY to Expand Roblox Game Development and Acquisitions

WAKA, a Tokyo-based company focused on developing and operating games on Roblox, has raised 500 million JPY in a funding round combining equity and debt. The round included investment from TOKI and loans from Mizuho Bank and Hokkoku Bank. The funds will support game development, acquisitions, and the growth of existing titles.

Funding Round Details

According to THE BRIDGE, WAKA, a company specializing in the planning, development, and operation of games on Roblox, closed an additional funding round on September 30, 2026. The round raised a total of 500 million JPY, combining equity investment and debt.

TOKI participated as the lead investor, while Mizuho Bank and Hokkoku Bank provided loans to WAKA. The funds are intended to strengthen the company’s global game development and operational capabilities, support game acquisitions, and accelerate the growth of existing titles.

WAKA’s Business Model

WAKA’s work includes publishing official Roblox games based on popular anime, manga, and other intellectual properties. According to THE BRIDGE, the company has announced Roblox games for franchises such as Gintama and Black Clover.

In addition to developing original and licensed games, WAKA acquires existing popular titles on Roblox. The company reportedly acquired a game with a daily active user (DAU) base of 2 million, which it will continue to operate and scale.

What this means

Lazyfounder analysis — our interpretation, not reported fact.

WAKA’s funding round reflects growing investor confidence in the Roblox ecosystem as a viable platform for both original and licensed game development. The mix of equity and debt financing suggests a balanced approach to growth, with capital allocated not just to development but also to strategic acquisitions—a smart move in a crowded market where user acquisition costs can be high.

For founders in the gaming space, WAKA’s model highlights the potential of combining IP-driven products with inorganic growth. Acquiring established games with existing user bases can provide immediate scale, while licensed titles can attract dedicated fan communities. However, success in this space requires strong operational capabilities to retain users and monetize effectively, especially when dealing with global audiences.

Key takeaways

• WAKA focuses on both original and licensed game development on Roblox, including anime and manga adaptations.
• The 500 million JPY funding round mixes equity investment from TOKI and debt from two Japanese banks.
• Funds will be used to strengthen global operations, acquire games, and support existing titles’ growth.
• WAKA’s strategy includes acquiring high-traffic Roblox games, such as one with 2 million daily active users.
• The funding round closed on September 30, 2026.

FAQ

What is WAKA’s primary business focus?

WAKA specializes in planning, developing, and operating games on Roblox, including original titles and official adaptations of anime, manga, and other intellectual properties. The company also acquires and scales popular existing games on the platform.

Who provided the funding in this round?

The funding round included an equity investment from TOKI and loans from Mizuho Bank and Hokkoku Bank, totaling 500 million JPY.

How will WAKA use the funds?

WAKA plans to use the funds to strengthen its global game development and operational structure, acquire additional games, and support the growth of existing titles.

What are some examples of WAKA’s licensed games?

WAKA has announced official Roblox games for anime franchises like Gintama and Black Clover.

Why is acquiring existing games a key part of WAKA’s strategy?

Acquiring games with established user bases allows WAKA to scale quickly and reduce user acquisition costs, while operational support can help retain and grow those audiences.

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