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Animoca Brands leads a $ 130 million investment in Hong Kong mutual fund Brinc to expand into Web 3 and blockchain games

Brinc venture capital fund has closed a $ 130 million financing round led by investor Animoca Brands. Brinc completed a $ 30 million Series B round and an additional $ 100 million in start-up investments, the company said.

This money will be used to support Brinc’s expansion into new areas like Web 3, DeFi, blockchain games, and more.

Animoca Brands ‘investment is a continuation of the two companies’ ongoing partnership following the joint development of NFT.

Brinc, the Hong Kong-based company, claims to have grown more than 200 startups since it was founded in 2014.

The Brinc investment comes after Animoca and Binance Smart Chain launched a $ 200 million program to invest in blockchain gaming projects.

Animoca Brands, also based in Hong Kong, is an investor in NFT and Metaverse projects and has a majority stake in The Sandbox. The company received a valuation of $ 2.2 billion in a $ 65 million financing round in October this year.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.