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Binance Labs

Incubation

TOP 10 TOP Projects

Binance Labs is an investment venture arm and incubator of Binance, a leading crypto exchange, based in Malta. The fund invests in early-stage startups with valid revolutionary products. Binance Labs aims to expand the Binance ecosystem with a priority focus on blockchain infrastructure, NFT and DeFi projects..

Since 2017, more than two hundred projects across 25 countries on 5 continents have obtained investments from Binance Labs. The company also led more than 50 crypto-native Web3 startups through its incubation program, including such projects as Polygon, Dune Analytics, and Perpetual Protocol.

Founded:

2017

CoinLaunch Score: Last update:

Very High 15 May 2023

Binance Labs Overview

Type: Incubation

Total Investment: 7

Project Support: Very High

Social Influence: Very High

Last Investment: 10 Apr

Region of Origin: Malta

Influence Geography: North America, Western Europe, Asia, Central Europe

Type of project assistance: Financing; Marketing; Networking; Listing; Tokenomics; Market Making; Legal; Recruiting

Website

Binance Labs - About

Being a VC investment firm and accelerator of Binance, Binance Labs is on the way of seeking the next great industry innovation and Web3 breakout star to make a bright forward-looking investment, launch a new market trend, and thereby, expand the influence of the Binance ecosystem.

Binance Labs uncovers and empowers operating blockchain ventures, startups, and communities, providing them with investments, multi-layered support, and growth expertise to accelerate the worldwide spread and influence of the blockchain technologies. Binance Labs is oriented on fast-executing, savvy, and groundbreaking teams with the projection of significant future impact on the crypto space and backs them with a wide range of experts and mentorship, enhancing the legal basement, talent acquisition, marketing, and PR approach.

By August 2022, Binance Labs already had $7.5 billion in assets under management, with more than 200 crypto projects in its portfolio.

The most prominent investments were the following: Polygon, Kava, NEAR Protocol, Aptos, Maverick Protocol, MultiversX, Ankr, Neutron, Gala, Chiliz, Web3Go, and many more bright projects.

Here is the current balance of interests in the portfolio.

Total number of investments: 215

DeFi: 22%
Blockchain Service: 21.4%
Blockchain Infrastructure: 20.3%
GameFi: 19.2%
Social: 5.6%
NFT: 4.4%
CeFi: 3.3%
Other: 1.1%
Stablecoin: 0.6%
Currency: 1.6%
Meme: 0.6%

Binance Labs - Indusries

Binance Labs Team

Yi He

Co-Founder

Andrew CY Chan

M&A Integration and Portfolio Management

Dana Hou

Product development & Strategy investment

Kenneth Chan

Associate (Legal)

Kevin Poh

M&A, Ventures and Investments

Michael Siu

Investment Director

Kieu Lam

Senior Finance Manager

Alex Odagiu

Investment Director

David Shuttleworth

VC/Token Engineering

Douglas Knighton

Board Member / Program Manager

Rhee David Yong

Board Member & Software Quality Assurance Engineer

Audrey W.

Board member & Project Management

Binance Labs News

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Binance Labs – Investments

Project	Score	Date	Price	Status	Industry
Celestia	82	01 Feb	$0.0094	Past	Blockchain Infrastructure
Celestia crypto project is a modular consensus and data network for supporting, scaling, and securing Web3 applications that was created to meet the challenges of scaling today's blockchains. Whitelist: KYC: Audit: Yes n/a n/a Bounty: MVP: Type: Yes Yes IEO					Read More
LayerZero	89	01 Nov		Past	Blockchain Infrastructure
LayerZero token project is an omnichain interoperability protocol that utilizes Ultra-Light Nodes and smart contracts to enable secure and fast messaging between dApps across multiple blockchains. Whitelist: KYC: Audit: n/a n/a Yes Bounty: MVP: Type: Yes Yes IDO					Read More
Bitquery		27 Aug		Past	Blockchain Service
Bitquery is a company with an API-first approach, committed to addressing and enhancing blockchain data challenges. Whitelist: KYC: Audit: n/a n/a n/a Bounty: MVP: Type: n/a n/a Equity					Read More
Polyhedra Network	78	21 Feb		Past	Blockchain Infrastructure
Polyhedra Network is a blockchain infrastructure provider offering ZK-powered solutions for blockchain communication,scaling and data gathering. Whitelist: KYC: Audit: No Yes Yes Bounty: MVP: Type: Yes Yes IEO, Equity					Read More
Ethena	91	15 Feb		Past	Stablecoin
Ethena is a derivatives infrastructure provider that aims to revolutionize the stablecoin industry with its synthetic USDe token. Whitelist: KYC: Audit: No Yes Yes Bounty: MVP: Type: Yes Yes Equity					Read More

Binance Labs – Co-investors

Fund	Score	Type	Project Support	Social Influence	Co-investments
Delphi Digital	High	Venture	High	Very High	2
Delphi Digital (DD) is a top-tier VC firm, founded in 2018 in California. By now DD embraces three different lines of business: Delphi Labs (product development and recruiting), Delphi Research (high-quality researches for crypto funds and professional investors), and Delphi Ventures (as a crypto-investment arm). 4 Total Investment					Read More
Galaxy Digital (Ventures)	Very High	Venture	High	Very High	2
Galaxy Ventures (a part of Galaxy Digital Holding) is one of the TOP-rated multistrategic US investment firms from NY, with the key focus on digital assets and blockchain-based technologies. 3 Total Investment					Read More
Polychain Capital	Very High	Venture	High	Low	2
Polychain Capital is a venture-capital investment company from San Francisco that is well-known for investing in unicorns and bringing superior returns to investors. 10 Total Investment					Read More
Coinbase Ventures	Very High	Exchange	Very High	Very High	2
Coinbase Ventures is an investing arm of Coinbase, one of the leading cryptocurrency exchanges globally. It’s focused on supporting exceptional founders who strive to build economic freedom within the Web3 space. 14 Total Investment					Read More
The Spartan Group	High	Hedge	High	High	2
Spartan Group is a well-known hedge fund from Singapore consisting of an asset management firm, venture capital fund and venture studio with a distinctive focus on supporting premier crypto teams. 7 Total Investment					Read More

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