Binance Labs provides a new $500 million investment fund

Binance Labs completes $500 million investment fund to advance new technologies such as blockchain and Web3

Binance Labs has closed a new $500 million investment fund, backed by leading global institutional investors.

The new fund will invest in projects that expand the use cases of crypto assets and promote the popularization of Web3 and blockchain technology.

Binance Labs invests in projects at different life cycle stages, including incubation, early venture, and late growth projects.

Binance Labs, venture capital and innovation incubator under Binance, the world’s leading provider of encrypted assets and blockchain infrastructure, announced the completion of a $500 million investment fund from global investors Leading institutional-level investors, including DST Global Partners, Breyer Capital and some family offices, as well as some corporations as limited partners.

The new fund will invest in projects that expand the use cases of crypto assets and promote the popularization of Web3 and blockchain technology.

Since 2018, Binance Labs has invested in and incubated more than 100 projects from more than 25 countries, including industry leaders such as 1inch Exchange, Axie Infinity, Chiliz, Polygon, The Sandbox, STEPN, etc.

Binance Labs invests in projects at different life cycle stages, including incubation, early venture, late growth projects.

At the incubation level, Binance Labs aims to connect the project with Binance’s network of resources, experts, and mentors to assist in the product development and growth of the project. Binance Labs looks for early-stage projects through a regular incubation program, which is currently in its fourth phase.

Early-stage VCs mainly focus on token and equity investments covering all areas of crypto assets and Web3, including infrastructure, DeFi, NFT, games, metaverse, social, and crypto-asset popularization platforms.

Late-stage growth investments target more mature companies and help these companies form reliable strategic partners with the Binance ecosystem to connect with the Web3 ecosystem.

The $500 million fund announced today will be invested in projects in all three phases.

Go to Binance Official Website