Brave Group

In October, the company was established as "Virtual YouTuber, Inc." with the goal of creating an array of animated characters and animated content. They took advantage of the advent of the Virtual YouTubers (in particular 3D models) for the conception and production of characters and series based on the same technology. Their first successful project and most memorable is the Game Club Project, an ensemble of characters who make content around video games with a combination of livestreams and episodic videos.

On 6 March, the Game Club Project channel featuring 4 VTubers, namely Yumesaki Kaede, Domyoji Haruto, Sakuragi Miria and Kazami Ryo, started activities on YouTube. On 24 July, the Cocoa Music channel featuring the VTuber Domyoji Cocoa started activities on YouTube. On 27 October, the Aogiri High School Game Club channel featuring the VTuber duo Otodama Tamako and Minazuki Natsuki, started activities on YouTube. On 29 October, the Dokikake Broadcasting Club channel featuring the VTuber duo Amatsuka Iroha and Akumachan JK, started activities on YouTube. In December, the company name was changed to Unlimited, Inc. On 25 December, the Dokikake Broadcasting Club ended its activities after only 6 videos created.

On 5 April, the first of Unlimited Inc.'s Game Club Project scandals broke out. On 7 July, Unlimited Inc. announced the launch of a new VTuber channel called Tokyo Cinderella Story (東京シンデレラストーリー), featuring a love drama story about two women searching for boyfriends and love, aimed at female viewers. On 25 July, the AyaHina Channel consisting of a VTuber duo named Hiragi Ayaka and Asakura Hinata, began their activities on YouTube. On 27 July, Unlimited Inc. announced the launch of Folia, a virtual idol group composed of 5 members. Starting on 5 August, the group's story manga called "I will announce my graduation tomorrow." (明日こそ卒業発表してやる.) will also be published in Monthly UNLIMITED magazine to serve as a companion piece to the group's online activities. On 7 September, the Claire's English Class channel featuring the VTuber Teacher Claire, started activities on YouTube. On 1 November, the YUIKA'S ROOM ASMR channel, featuring the VTuber Kazami Yuika, started activities on YouTube. In December, Unlimited Inc. established Create-Ring Inc., a subsidiary to manage Aogiri High School, a Game Club Project spin-off group.

In 2020, a change in Unlimited Inc.'s management occurred, with Noguchi Keito becoming the company's CEO. In March, Unlimited Inc. launched RIOT MUSIC as an agency for music-focused virtual artists. In June, the company rebranded to Brave Group, Inc. On 16 November, Brave Group announced the start of its "Entertainment (IP) 3.0 Concept" with the launch of the concept's first project, the Tiny Band Story (タイバン！, Taiban), a virtual character series about 4 high school girls forming a band.

On 18 September, it was announced that Sakuragi Miria and Teacher Claire would be transferred to Highway Star, a talent agency under Bandai Namco Arts.

On 22 March, a new project was teased during Re:Volt 2022 live event held at LINE CUBE SHIBUYA. The new project was left unnamed at the time. In June, Brave Group acquired the Chinese VTuber agency MUGEN LIVE, placing it under And Epoch Inc., their new wholly-owned subsidiary. On 7 June, Brave Group announced the acquisition of Virtual Entertainment, Inc., the company behind VSPO! and MateReal, Inc., the company behind virtual idol group Palette Project. Although the business management department and system department would be integrated, the business operation would be operated independently with the discretion of each company as before. In July, Brave Group established Super Yellow Inc., a subsidiary to manage RIOT MUSIC. On 22 July, Brave Group announced a sub-label project under their Riot Music music label named, "Meteopolis". On 22 December, Brave Group announced a restructuring of its internal management. The new management structure has Noguchi Keito serving as Brave Group's new President and Executive Officer, with the appointments of Funabashi Jun as a Director and Executive Officer (concurrent with his Director role for Virtual Entertainment Inc.), and also Hoshi Kazuyoshi as a Director and Executive Officer (concurrent with his CEO/Representative Director role for Virtual Entertainment Inc., MateReal Inc., And Epoch Inc. and Game & Co.)

On 16 January, Brave Group announced the transfer of its VTuber group Aogiri High School managed by its subsidiary Create-Ring Inc. to entertainment and content creation company viviON. The IP transfer would take effect on 1 April 2023. In March, Brave Group established its US-based subsidiary, Brave Group US. On 10 April, Brave Group announced the opening of company wide auditions for all genders and the opening of a subsidiary called ENILIS, to manage a new VTuber group called HareVare, a talent training academy for amateurs. The company-wide auditions will include candidates focusing on a specific group under Brave Group or any if the candidate is undecided. The projects available for audition are VSPO!, RIOT Music, Palette Project, Mugen Live, HareVare and a new Brave group project. On 1 June, Brave Group announced that Super Yellow Inc., the company that manages the virtual music agency Riot Music, will change its name to RIOT MUSIC Inc., sharing the title of the company with its Virtual Music Agency. On 1 June, Brave Group announced the launch of V4Mirai, their first English-language VTuber group under its Brave Group US subsidiary, and their inaugural talents Abi Kadabura and Serina Maiko. Both talents would debut on 10 June. On 14 June, Brave Group announced the establishment of Brave Group Europe Limited, a new subsidiary located in Europe and based in London, with a new VTuber group called globie, with auditions opening in the same day. This marks the first time a Japanese VTuber company opens a project focused specifically on Europe, with this VTuber group focused on English, Spanish, French and German-speaking VTubers with the objective to debut in the end of 2023. On 29 June, ENILIS announced the first five members of HareVare, a VTuber training academy where no previous streaming experience is necessary to audition for it. The plan for the academy is to have at least 30 up to 100 VTubers until the end of the year. The first five members will debut on 1 July, while eleven more will debut on August. On 27 July, ENILIS announced two new VTuber projects after the establishment of HareVare: to debut in the fall, Vlash, a group said to blend the real and virtual and perform around the world, and to come in winter 2024, Uniraid!, an isekai VTuber concept to bring viewers under their own world. These two projects along with HareVare will be cross-project collaborations including transfers to other VTuber groups under Brave Group and between projects. On 31 October, Brave Group announced the acquisition of Studio LaRa, the company behind the virtual artist duo HIMEHINA. On 30 November, Brave Group reported the launch of Vlash under its subsidiary ENILIS, which took place on 27 October with the debut of its first four members. On 18 December, Brave Group announced that it has established local subsidiaries in Thailand and China, following the U.K. and U.S. In November 2023, Brave Group APAC (Thailand) was established in Bangkok, Thailand, and in December 2023, Brave Group China was established in Shenzhen, China. On 28 December, Brave Group and idol Corp announced the opening of a strategic Business Partnership Agreement.

On 26 January, Brave Group announced the acquisition of Smarprise Inc. effective on 1 February. On 24 June, Brave Group announced the launch of VSPO! EN, the English-speaking branch of Virtual eSports Project, under Virtual Entertainment Inc. to be held on 30 June with the debut of its first three members. On 31 July, Brave Group acquired idol Corp. On 11 August, Brave Group announced the launch of VSPO! CN, the Chinese-speaking branch of Virtual eSports Project, under Virtual Entertainment Inc. to be held on 28 August with the debut of its first four members. On 1 December, Brave Group subsidiary And Epoch Inc. (MUGEN LIVE's parent company) was consolidated into Brave Group China, which took over operations of MUGEN LIVE. On 26 December, HIMEHINA hit 1,000,000 subscribers on YouTube, and so became the first in Brave to reach this milestone.

On 6 January, RIOT MUSIC announced that Meteopolis will be changing its label name to Cho Ginga Record. The label will now be managed by RIOT MUSIC's new subsidiary Cho Ginga Record Inc. On 31 January, Brave Group announced that ENILIS has acquired brossom Inc., the company that operates the IRIAM-exclusive VLiver agencies Libon, flill, lx, Viollet and cilq. On 19 February, Brave Group announced that Neo-Porte has joined its group of companies. Neo-Porte's owners and management will remain unchanged as before. The announcement was also streamed on Neo-Porte's agency channel involving all four owners plus VSPO!'s manager as the representative for Brave Group. VSPO! management stated that while VSPO! and Neo-Porte will become like sister groups under the Brave Group umbrella, both will continue to be run independently (with separate management like before), each with their own projects and events. On 25 February, Brave Group announced the launch of Egous, a new male VTuber group, under Brave Group China. On 12 March, Brave Group announced the establishment of a branch office in Osaka, promptly naming the new branch Brave Group WEST. On 1 April, ENILIS announced a merger with its subsidiary, brossom Inc. and Palette Project owner MateReal Inc. On 1 May, ENILIS announced the merger of HareVare, brossom, and its associated IRIAM-exclusive agencies Libon, flill, lx, Viollet and cilq to form the ENILIS VLiver project, consisting of an all-gender label taking the name of "brossom", a male VLiver label dubbed "SYNTHE" and a female VLiver label dubbed "LELOMO". The three new labels will also operate as agencies on the IRIAM platform. On 29 May, Cho Ginga Record announced that it had become independent from Brave Group. On 19 June, Brave Group also announced the rebranding of idol Corp. into ChromaSHIFT. On 16 July, Brave Group announced their acquisition of the Korean VTuber agency StelLive, as well as the establishment of their Korean subsidiary, Brave Group Korea. On 16 July, Brave Group France was added to the international group companies section of Brave Group's corporate page on its website. No additional information was provided. On 19 September, it was announced that the virtual boyband, NLiTE would be debuting with 4 original songs. On 30 September, VSPO! CN announced the decision to officially terminate the VSPO! CN project on 15 October. The five CN members will be transferring after that date to MUGEN LIVE, under management by Brave Group China. On 1 October, Brave Group announced changes to its management structure with new appointments to various Director/Auditor/Executive Officer positions. This also includes changes to some subsidiaries, such as a new director and the appointment of Sone Kotaro and Fujisaki Tomoya as the new CEO and director of Brave Group US respectively and the appointment of Miyagawa Shunsuke as the new director for Brave Group APAC. On 8 October, Egous announced the end of the Egous project on 31 October. All three members, Ayase Shans, ShowTime and Real will be graduating at the end of the month with the closure of the project. On 11 November, Brave Group announced that it has formed a capital and business alliance with the South Korean internet conglomerate through their Kakao Investment subsidiary. On 13 November, Brave Group announced the start of their Business Partnership Agreement with jig.jp, a Japanese mobile software company that operates streaming platforms and VTuber agencies. jig.jp owns the Japanese-language livestreaming platform WhoWatch (ふわっち) and the VTuber agencies Parerdemia School and ProForma Nova. On 27 November, Brave Group announced that ChromaSHIFT, NLiTE and its 3D motion capture studio Oshi Live have all been transferred from its subsidiary Brave Group US, to the newly-established independent company FTW Entertainment headed by Hayashi Norikazu, former Brave Group US CEO. V4Mirai will remain as the sole VTuber agency under Brave Group US. Brave remains an investor in the new company through its investment arm, Brave global capital (BGC). On the same day, globie announced that it will cease operations on 31 December, with all remaining talents keeping their IP and becoming independent afterwards. On 2 December, Brave Group announced the launch of a new VTuber unit, "SuzuMia" (すずみあ) featuring two members, Nanoha Suzu and Akairo Mia to debut on 5 December. On 19 December, Brave Group announced the start of auditions for a new 2.5D idol female VTuber project called "DUAL DORM IDOLS" which will be a joint project with the live events company LIVE PLANET, and will feature the illustrator Misumi (character designer of VSPO!'s Kaga Sisters) as the visual producer (e.g. character design) for the virtual side of the project. Activities are expected to begin from Spring 2026 to Summer 2026.

On 13 January, Brave Group announced Palette Project's official transfer to jig.jp while entering a joint management system with former PalePro parent company ENILIS Inc. On the same day, Vlash also announced the agency's disbanding. Remaining Vlash talents will either become an indie signed up with RIOT MUSIC's RIONECTION support group, become an indie contractor to ENILIS Inc., or transfer to jig.jp agency ProForma Nova.