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​​Binance Labs raises a $500 million fund

Edition #87 - 20 NOV 2023


Binance Labs, the venture capital and incubation arm of crypto exchange Binance, has raised a new $500 million fund to back web3 projects. Backers of the fund include DST Global Partners, Breyer Capital and unnamed private equity funds, family offices and corporations as limited partners.




gaming developments

metaverses & AI

  • ​​​​​​​​​​​​​​​​​​AI-powered crypto intelligence platform for transparent market insights Arkham closed funding round led by Binance Labs Fund. Amount raised is not disclosed.

  • ​​Korean blockchain-based K-pop startup Modhaus raised $8M in a Series A funding round led by Sfermion, with participation from SM Culture Partners, Laguna Investment, KDDI Open Innovation Fund III (KOIF III), Foresight Ventures.


defi

funding rounds

  • ​​​​​​​​​​​​​​​​​​Cryptocurrency Venture Capital Firm Foresight Ventures acquires majority stake in leading information services firm The Block, valuing the firm at $70 million.

  • ​​Centralized cryptocurrency exchange BlockchainCom raised $110M in a Series E funding round led by Kingsway Capital, with participation from Baillie Gifford, Lakestar, Lightspeed, Coinbase Ventures.

  • ​​Web3 messaging and social platform Beoble raised $2M in a Pre-seed funding round led by Digital Currency Group (DCG), Samsung Next, with participation from Hashkey Capital, Genesis Block Ventures Capital (GBV), Tokenbay Capital, Momentum 6 (M6).

  • First KYC'd layer-2 blockchain Kinto raised $3.5M funding round led by Kyber Capital, The Spartan Group, ParaFi Capital, with participation from SkyBridge Capital, Kraynos Capital, Deep Ventures, Modular Capital, Tane, Robot Ventures, Santiago R. Santos, Alex Klokus.

  • ​​Asset management firm Superstate raised $14M in a Series A funding round led by Distributed Global, CoinFund, with participation from Breyer Capital, Galaxy Digital, Arrington Capital, Road Capital, CMT Digital, Folius Ventures, Nascent, Hack VC, Modular Capital, Department of XYZ.

 


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