Vaporizer technologies company The Blinc Group, Inc. announced Thursday the closing of a pre-Series A bridge financing of $1.5 million. The round was led by Equitas Partners Fund, WGD Capital, LP, and 7thirty Capital.
CEO and co-founder Arnaud Dumas de Rauly says proceeds from the raise will be used to:
- Expand the company’s China office to optimize control over the supply chain.
- Partner with an international lab for material safety research.
- Expand the sales team across North America.
- Expand the portfolio of vaping value chain services.
“The challenges of 2020 turned out to be the very challenges that …