ICYMI: Binance’s VC arm raises $500 million fund — its first with outside capital
Binance Labs was formed in 2018 to invest Binance's own money. The firm has funded more than 100 startups to date, including Axie Infinity developer Sky Mavis, move-to-earn startup StepN, decentralized exchange aggregator 1inch, and blockchain audit firm CertiK.
Binance Labs also runs an incubation program for early stage companies and is currently supporting itsof 14 startups. For early-stage investments, the firm plans to back both token and equity rounds.
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