Brinc Closes US$130M Funding, Led by Animoca Brands, to Launch Web 3.0-Focused Accelerators and Fuel Global Expansion
Summary
The new capital will fuel Brincs 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. Manav Gupta, founder and CEO of Brinc, said: "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. Yat Siu, the executive chairman and co-founder of Animoca Brands, said: "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. In 2020, founder Manav Gupta announced Brincs 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. Animoca Brands has a growing portfolio of more than 100 investments in NFT-related companies and decentralized projects that are contributing to building the open metaverse, including Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Bitski, Harmony, Alien Worlds, Star Atlas, and others.
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