Brinc, a Hong Kong-based global venture accelerator, closed its US$130M funding.
This includes:
- US$30m Series B fundraise and a
- further US$100m for startup investments, led by Hong Kong company Animoca Brands, an investor in NFT-centric and Web 3.0 companies.
The company intends to use the funds to accelerate global platform expansion across new locations and verticals – allowing more investors and corporate partners to leverage funds, accelerators and bespoke-deal sourcing to access high-quality 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 programs across culture, music, art, collectibles, gaming, decentralized finance and data. Startups and corporates will also be supported in developing blockchain ventures to integrate sustainability, inclusion and equitability into their business models.
This investment represents a strengthening of the growing relationship between Brinc and Animoca Brands, who jointly launched the blockchain and NFT accelerator Launchpad Luna earlier this year. Its first cohort is in the process of closing investments into 30 game-changing Web 3.0 companies, supporting founders with tokenization, product development and fundraising. The program’s panel of mentors and experts boasts leading names in the blockchain industry, including Binance, Dapper Labs, Enjin, The Sandbox and more. Next year, Brinc and Animoca Brands plan to accelerate over 100 companies through LaunchPad Luna.
Launched in 2014 by Manav Gupta, CEO, Brinc is a leader in global venture acceleration, operating 18 multidisciplinary accelerator programs in 7 countries. Brinc accelerates startups focused on Internet of Things (IoT), blockchain technology, artificial intelligence, connected hardware, drones, robotics, clean energy and food technology all within a sustainability mandate. The firm has invested in and supported the growth of more than 200 startups to date, and currently operates 18 multi-disciplinary acceleration programs across seven offices around the world. Global corporations (Manulife, Huawei, Schneider Electric, Puma, Batelco, Merck, Omantel, Linrun Group, Zhihui Park), Government Organizations (Hong Kong Science Park, NEOM, MBRIF, Guangdong Soft-tech Park), Universities (HK City University, National University of Singapore) and leading venture funds (Artesian, LeverVC, Tamkeen, EDB) have all run programs with Brinc over the years.
In 2020, Gupta announced Brinc’s mission to invest in more than 1,000 startups that are developing solutions to combat climate change and build a more inclusive and equitable society within the next five years.
In 2021, Brinc launched BrincArtesian, a Singapore fund manager, to provide LPs access to emerging market Series A+ co-investment opportunities.
FinSMEs
16/12/2021