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Binance Labs

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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.

CoinLaunch Score: Last update:
Very High 15 May 2023

Binance Labs Overview

Type: Incubation
Total Investment: 3
Project Support: Very High
Social Influence: Very High
Last Investment: 27 Aug
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

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
Yi He
Andrew CY Chan
Andrew CY Chan
M&A Integration and Portfolio Management
Dana Hou
Dana Hou
Product development & Strategy investment
Kenneth Chan
Kenneth Chan
Associate (Legal)
Kevin Poh
Kevin Poh
M&A, Ventures and Investments
Michael Siu
Michael Siu
Investment Director
Kieu Lam
Kieu Lam
Senior Finance Manager
Alex Odagiu
Alex Odagiu
Investment Director
David Shuttleworth
David Shuttleworth
VC/Token Engineering
Douglas Knighton
Douglas Knighton
Board Member / Program Manager
Rhee David Yong
Rhee David Yong
Board Member & Software Quality Assurance Engineer
Audrey W.
Audrey W.
Board member & Project Management

Binance Labs News

Binance Labs – Investments

Project Score Date Price Status Industry
Celestia LogoCelestia
01 Feb $0.0094 Past
LayerZero LogoLayerZero
01 Nov Past
Bitquery logoBitquery
27 Aug Past

Binance Labs – Co-investors

Fund Score Type Project Support Social Influence Co-investments
Coinbase Ventures logo Coinbase Ventures Very High Exchange Very High Very High
The Spartan Group Logo The Spartan Group High Hedge High High
FTX logo FTX Ventures Exchange
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