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Announced

Completed

Animoca Brands completed a $100m investment in Brinc.

Financials

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Transaction Value£75m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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venture capital

Venture Capital

Acquisition

Private

Single Bidder

Friendly

Minority

Domestic

Venture Capital

Hong Kong

Completed

Synopsis

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Animoca Brands, a software company and venture capital company, completed a $100m investment in Brinc, a venture accelerator. "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," Manav Gupta, Brinc Founder and CEO.

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