NEW YORK: The Blinc Group, a distribution-centric vapor and cannabis incubator, successfully closed its first financing round. With an infusion of US-based private capital, The Blinc Group intends to deploy these funds in day-to-day operations including operations, marketing, business development and lobbying.
Successful transactions closed as the result of active and consistent fundraising efforts by The Blinc Group. The company attracted the advisory support of several international groups.
Arnaud Dumas de Rauly, Chief Strategy Officer of The Blinc Group, said “Securing this initial round of funding allows us to further establish The Blinc Group’s leadership in the vapor and cannabis industries and has the added benefit of expanding our board. Along with our eight current members, this round completes the first milestone in The Blinc Group’s expansion strategy.”
In order to capitalize on the upward momentum for the incubator, The Blinc Group will channel a significant part of the financing into expanding their international distribution partnerships, as well as developing research assets and white papers to further assist member companies in their go-to market strategies.