Headquartered in Hong Kong, 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.
Brinc has a portfolio of 200+ companies with founders from over 35 countries. Brinc also supports corporations with investment services, distributed innovation strategies, sourcing of new startups and technologies, as well as venture building Web 3.0 enabled businesses. 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 2021, Brinc launched BrincArtesian, a Singapore fund manager, to provide LPs access to emerging market Series A+ co-investment opportunities.
Brinc Closes US$130M Funding, Led by Animoca Brands to Launch Web 3.0-Focused Accelerators and Fuel Global Expansion
Bolstering Brinc’s mission to accelerate humanity’s transition to a more sustainable, inclusive and equitable future
Hong Kong – December 15, 2021 – Brinc, one of the world’s leading global venture accelerators, announced today the closing of its US$30 million Series B fundraise and a further US$100 million for startup investments, led by Hong Kong unicorn Animoca Brands, a prolific investor in NFT-centric and Web 3.0 companies.
The new capital will fuel Brinc’s 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, 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.
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. 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.”
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 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.
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. 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 programs.”