Animoca Brands leads funding for startup accelerator Brinc

Hong Kong-based startup accelerator Brinc has the closing of its US$30 million Series B fundraise and a further US$100 million for startup investments led by Animoca Brands.

Brinc said the new capital will fuel its global platform expansion across new locations and verticals. allowing more investors and corporate partners to leverage funds, accelerators and bespoke-deal sourcing to access investment opportunities and emerging technologies in food, health, energy, climate and deep tech.

In addition, the capital will enable Brinc’s expansion into Web 3.0 including the launch of new blockchain-focused accelerator programmes across culture, music, art, collectibles, gaming, decentralised finance and data. Startups and corporates will also be supported in developing blockchain ventures
to integrate sustainability, inclusion and equitability into their business models.

“Web 3.0 technologies have the potential to democratise access to financial services and information, develop a more inclusive digital economy through aligned value capture mechanisms, and transform global business processes, just as the internet did," said Manav Gupta (pictured left), founder and CEO of Brinc. 

"Working with Animoca Brands to support leading companies in this space is an incredible opportunity, and underscores an increasing interest in utilising accelerators to access high-quality startup opportunities at scale," Gupta added.

The company said this investment represents a strengthening of the growing relationship between Brinc and Animoca Brands, who jointly unveiled the blockchain and NFT accelerator Launchpad Luna earlier this year. Its first cohort is in the process of closing investments into 30 Web 3.0 companies, supporting founders with tokenisation, product development and fundraising.

“Brinc is the leading name in startup acceleration for emerging markets and technologies, and its sights are set firmly on the future and on sustainability. We share a common vision of an open future with blockchain adoption in traditional and growth sectors, and we look forward to the innovations that will emerge from its acceleration programmes," said Yat Siu (pictured right), executive chairman and co-founder of Animoca Brands. 

Launched in 2014, Brinc has invested in and supported the growth of more than 200 startups. It currently operates 18 multi-disciplinary acceleration programs across seven offices around the world.

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