Binance Labs
Binance Labs Raises $500M Fund for Web 3 Investments
Binance Labs, the venture capital arm of crypto exchange Binance, has raised $500 million for a fund investing in Web 3 and blockchain companies. This comes as Forbes confirmed it’s no longer going public via SPAC after Binance invested $200 million in the publisher earlier this year.
Binance Labs Raises $500M Fund for Web 3, Blockchain Investments
The new fund will invest in cryptocurrency companies in three stages spanning from incubation to late-stage growth.
Anyswap Rebrands to Multichain, Raises $60M Led by Binance Labs
The cross-chain bridge builder will use the funds to research crypto algorithms.
Binance Labs Invests $8M in Hackathon Organizer DoraHacks
As part of the funding, DoraHacks will co-host the latest round of Binance Labs’ startup incubator.
Interoperability Startup LayerZero Comes Out of Stealth With $6M in Funding
The Series A round led by Multicoin Capital and Binance Labs should help the team build better bridges.
Yele Bademosi Steps Down as CEO of Bundle Africa
Bademosi will be succeeded by Binance Africa director Emmanuel Babalola
PureStake Raises $6M From Binance Labs, Coinbase Ventures
PureStake's Moonbeam parachain launched its testnet in September as part of the Polkadot ecosystem.
Binance Labs–Backed ‘DeFi Credit Union’ Bringing Higher Yields to Savers in Nigeria
With backing from Binance Labs, Nigeria's Xend Finance is looking to bring DeFi to the world of local credit unions.
