June 1, 2022

News

Binance Labs Closes $500M Investment Fund to Boost Blockchain, Web3, and Value-Building Technologies

Binance Labs, the venture capital and incubation arm of Binance, announces the closing of a new $500 million investment fund. The fund is supported by leading global institutional investors such as DST Global Partners, Breyer Capital, and Whampoa Group.

news thumbnail image

Binance Labs, the venture capital and incubation arm of Binance, announces the closing of a new $500 million investment fund. The fund is supported by leading global institutional investors such as DST Global Partners, Breyer Capital, and Whampoa Group. Other major private equity funds, family offices, and corporations also subscribed to the fund as limited partners.

The new fund will invest in projects that can extend the use cases of cryptocurrencies and drive the adoption of Web3 and blockchain technologies.

Changpeng 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. 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.”

Since 2018, Binance Labs has invested in and incubated more than 100 projects from over 25 countries. Its portfolio includes industry-leading projects such as 1inch, Audius, Axie Infinity, Dune Analytics, Elrond, Injective, Polygon, Optimism, The Sandbox, and STEPN.

Binance Labs makes investments across three different stages: incubation, early-stage venture, and late-stage growth.

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. Binance Labs runs its Incubation Program regularly and is currently supporting its fourth cohort.

Early-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.

Late-stage growth investments target more mature companies looking to scale or bridge into the Web3 ecosystem with the Binance ecosystem as a solid strategic partner.

The $500 million investment fund announced today is expected to be allocated to projects spanning all three stages.

Read article on Binance.com here

Explore More News

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Etiam eu turpis molestie, dictum est a, mattis.

February 8, 2024

News

Former JPMorgan banker Edmund Lee takes on chairman role at Singapore Gulf Bank

WHAMPOA Group on Monday (Jan 22) said that it has appointed veteran banker Edmund Lee as chairman of Singapore Gulf Bank (SGB), its digital bank in Bahrain.

December 23, 2023

News

Singapore’s Whampoa Group plans to set up digital bank in Bahrain open to crypto clients

Whampoa Group, a prominent private family office in Singapore, plans to set up a digital bank in Bahrain whose services will include round-the-clock payments and settlement for digital-asset companies.

284 River Valley Road
Singapore 238325

284 River Valley Road
Singapore 238325

Contact us
back to top