Binance Labs, the company’s venture capital and incubator, has announced the completion of a new $500 million investment fund. DST Worldwide Partners and Breyer Capital are among the fund’s main global institutional investors. Limited partners included other prominent private equity firms, family offices, and companies.
The new fund will put money into projects that will broaden the applications of cryptocurrencies and promote the usage of Web3 and blockchain technologies.
Binance Labs has invested in and incubated over 100 businesses from over 25 countries since its inception in 2018. 1inch, Audius, Axie Infinity, Dune Analytics, Elrond, Injective, Polygon, Optimism, The Sandbox, and STEPN are among the company’s industry-leading projects.
Binance Labs invests in three stages of development: incubation, early-stage venture, and late-stage growth.
Binance Labs’ incubation program aims to connect businesses with Binance’s network of resources, experts, and mentors in order to help them develop and grow successful products. Binance Labs’ Incubation Program runs on a regular basis, and the fourth batch is currently being supported.
Infrastructure, DeFi, NFTs, gaming, Metaverse, social, and crypto adoption platforms are all examples of early-stage startup investments.
Late-stage growth investments are aimed at more mature companies that are trying to scale or bridge into the Web3 ecosystem, with the Binance ecosystem serving as a strong strategic partner.
