Binance Labs, the venture capital arm of Binance, has become an independent entity with a $10B+ portfolio.
Binance Labs, the venture capital arm of crypto exchange Binance, has become an independent entity, separating from the main platform. The independent VC fund now oversees a portfolio worth over $10 billion, covering more than 250 projects from 25 countries, with a 14x return on investment. Binance Labs plans to invest in early-stage Web3 projects and offers support such as one-to-one mentorship and access to resources within the wider Binance ecosystem. The fund aims to support promising early-stage founders and has a 3% admission rate for its incubation program, which is currently open until April 15, 2024.
March 15, 2024
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