Animoca Brands partners with global venture accelerator Brinc...

Animoca Brands partners with global venture accelerator Brinc for gaming and esports accelerator. Partnership provides exposure to global early stage tech business development and investment opportunities

Highlights:
● Animoca Brands and Brinc enter into a mutual investment for US$750,000 in shares
● Animoca Brands leads pre-seed investment round into Brinc’s subsidiary Brinc AOA with investment of US$750,000 (~A$1.06m)
● Artesian - Australia’s largest and most active early stage venture capital firm - will also invest US$750,000 (~A$1.06m) in Brinc AOA
● Animoca Brands and Brinc will collaborate on the establishment of an esports and gaming accelerator
● Global esports market estimated to be worth US$1.1B (~A$1.56B) in 2019 (26.7% year-on-year increase)
● Global esports audience estimated to exceed 450 million in 2019
● The Company will leverage the contacts of its recently appointed head of partnerships Michael Ephraim to advance the new gaming and esports accelerator
● Mr Ephraim, former managing director of Sony Playstation in Australia and New Zealand, was also the chairman of Showdown, a producer of esport tournaments and exclusive distributor for Twitch media in Australia and New Zealand