Hong Kong hardware accelerator Brinc raises $30M Series B

Published by
Peter Kavinsky

I’ve visited Brinc’s headquarters the last few times I’ve been to Hong Kong, and been impressed with the range of different startups the accelerator works with. I knew the organization primary through its consumer hardware companies — a primary focus when it was founded, back in 2014.

Brinc has expanded its scope a fair bit in the intervening years, with big focuses on things like food, health and deep tech. Seems it’s set to continue expanding its reach, going forward with eyes on categories like web3 and NFTs. Hong Kong-based Animoca Brands appears to be playing a big role in the move. Last year, the pair launched the blockchain/NFT acceleralator Launchpad Luna.

Animoca is also leading a $30 million Series B round for Brinc that finds the accelerator looking to expand its offering of programming, adding locations and hiring additional headcount. In a call with TechCrunch, Brinc co-founder and COO Bay McLaughlin pointed at a number of markets in Asia as targets for potential expansion, including Japan, Korea, Singapore and India, as well as added presence in China.

In November, the company also opened an office in Brazil — its first in Latin America. In all, Brinc currently sports seven offices, with people operating out of a total of 12 locations.

In addition to the $30 million, Animoca will also be investing $100 million directly into startups through Brinc, in a manner similar to a VC fund.

“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,” Animoca chairman and founder Yat Siu said in a release tied to the news. “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.”

Source: Tech

Peter Kavinsky

Peter Kavinsky is the Executive Editor at cablefreetv.org

Share
Published by
Peter Kavinsky

Recent Posts

  • News

morning summary of the General Staff of August 15 – Ukraine – tsn.ua

Russian propaganda continues to lie, inventing non-existent victories and covering up the crimes of its…

3 mins ago
  • News

Armed Forces of Ukraine defeated the headquarters of the “Wagnerites” in Popasna

The armed forces of Ukraine in Popasna in the Luhansk region with a precise blow…

4 mins ago
  • News

Europe is preparing for winter: the population is buying up stoves en masse

The massive incorporation of all these electrical devices into the network can either cause the…

9 mins ago
  • News

Fire in Val d’Ebo in Alicante still active and close to houses in Adsubia | Title page

The forest fire that began on Saturday night in Val d'Ebo (Alicante) and has already…

9 mins ago
  • News

Five dinner recipes to cool off on a hot day

It arrived just in time for a big heat wave: a big project dedicated to…

10 mins ago
  • News

Beşiktaş News: Flash comment! "need to thank"

A Sports commentator Serdar Sarıdağ made evaluations about Beşiktaş. Sarıdağ said, "We have to thank…

13 mins ago