12/7/2023 0 Comments Binance crypto fundBinance Labs runs its Incubation Program regularly and is currently supporting its fourth cohort.Įarly-stage venture investments include token and equity investments across all sectors of cryptocurrency and Web3, including infrastructure, DeFi, NFTs, gaming, Metaverse, social, and crypto adoption platforms. With incubation, Binance Labs aims to connect projects with Binance’s network of resources, experts, and mentors to help them drive successful product development and growth. Its portfolio includes industry-leading projects such as 1inch, Audius, Axie Infinity, Dune Analytics, Elrond, Injective, Polygon, Optimism, The Sandbox, and STEPN.īinance Labs makes investments across three different stages: incubation, early-stage venture, and late-stage growth. ![]() Since 2018, Binance Labs has invested in and incubated more than 100 projects from over 25 countries. The goal of the newly closed investment fund is to discover and support projects and founders with the potential to build and to lead Web3 across DeFi, NFTs, gaming, Metaverse, social, and more.” The new fund will invest in projects that can extend the use cases of cryptocurrencies and drive the adoption of Web3 and blockchain technologies.Ĭhangpeng Zhao ‘CZ’, Founder and CEO of Binance, said: “In a Web3 environment, the connection between values, people, and economies is essential, and if these three elements come together to build an ecosystem, that will accelerate the mass adoption of the blockchain technology and crypto. Other major private equity funds, family offices, and corporations also subscribed to the fund as limited partners. The fund is supported by leading global institutional investors such as DST Global Partners, and Breyer Capital. The new fund will invest in three different stages: incubation, early-stage venture, and late-stage growth.īinance Labs, the venture capital and incubation arm of Binance, announces the closing of a new $500 million investment fund. The new fund will invest in projects that can expand cryptocurrency use cases and drive the adoption of Web 3 and blockchain technologies. ![]() Binance Labs closes a new $500 million investment fund with support from leading global institutional investors.
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