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Binance Labs

Founders Changpeng Zhao Yi He

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 28
Average round size
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The average size of a deal this fund participated in
$3M
Portfolio companies 27
Rounds per year 7.00
Lead investments 9
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.04
Exits 1
Key employees 5
Stages of investment
Seed

Areas of investment

  • Blockchain
  • Information Technology
  • Cryptocurrency
  • Software
  • Internet
Summary

Binance Labs is the famous VC, which was founded in 2017. The fund was located in Europe if to be more exact in Malta. The leading representative office of defined VC is situated in the Valletta.

The important activity for fund was in 2019. The fund is generally included in 2-6 deals every year. The average startup value when the investment from Binance Labs is 10-50 millions dollars. Speaking about the real fund results, this VC is 44 percentage points more often commits exit comparing to other organizations. The usual things for fund are deals in the range of 1 - 5 millions dollars.

The usual cause for the fund is to invest in rounds with 3-4 partakers. Despite the Binance Labs, startups are often financed by NEO Global Capital (NGC), TRG Capital (Token Research Group), Service Provider Capital. The meaningful sponsors for the fund in investment in the same round are NEO Global Capital (NGC), Republic Labs, Fenbushi Capital. In the next rounds fund is usually obtained by Tribe Accelerator, TRG Capital (Token Research Group), Republic Labs.

For fund there is no match between the country of its foundation and the country of its the most frequent investments - Singapore. The fund has specific favorite in a number of founders of portfolio startups. Among the most popular portfolio startups of the fund, we may highlight Marlin Labs, CERE Network, Dapix. Among the most popular fund investment industries, there are Computer, Social Media. Moreover, a startup needs to be at the age of 1 and less years to get the investment from the fund.

The fund was created by Changpeng Zhao, Yi He. The overall number of key employees were 10.

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Funds from Malta
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Funds with similar geography of portfolio companies:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

MOUND

Financial Exchanges
Stock Exchanges
$1M13 Apr 2021 Cambridge, Massachusetts, United States

PureStake

Blockchain
Cryptocurrency
$6M30 Mar 2021 Burlington, Massachusetts, United States

EPNS

$660K29 Mar 2021 -

LazyLedger

Blockchain
Legal Tech
Software
$1M03 Mar 2021 Liechtenstein, Liechtenstein

Blockchain
Internet
$2M09 Feb 2021 Chiyoda, Japan

MathWallet

Blockchain
Cryptocurrency
$12M17 Dec 2020 Central

Perpetual Protocol

Internet
$1M25 Aug 2020 China, China

HOPR

Blockchain
Privacy
Security
$1M09 Jul 2020 Zurich, Switzerland

BxB

Internet
$435K14 Jan 2020 South Korea, Gyeonggi-do, South Korea
News
Cere Network raises $5 million to create decentralized data cloud platform

– Cere Network has raised $5m for its decentralized data cloud (DDC) platform, which is launching today for developers.
– The company’s ambition is to take on data cloud leader Snowflake.
– The investment was led by Republic Labs, the investment arm of crowdsourced funding platform Republic.
– Other investors include Woodstock Fund, JRR Capital, Ledger Prime, G1 Ventures, ZB exchange, and Gate.io exchange.
– Cere Network previously raised $5m from Binance Labs and Arrington XRP Capital, amongst others, bringing its total raised to $10m.
– The Cere DDC platform launches to developers today, which allows thousands of data queries to be hosted on the blockchain, the transparent and secure digital ledger.

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Total investments 28
Average round size 3M
Rounds per year 7.00
Peak activity year 2019
Lead investments 9
Follow on index 0.04
Exits 1
Group Appearance index 0.68

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

MOUND

Financial Exchanges
Stock Exchanges
$1M13 Apr 2021 Cambridge, Massachusetts, United States

PureStake

Blockchain
Cryptocurrency
$6M30 Mar 2021 Burlington, Massachusetts, United States

EPNS

$660K29 Mar 2021 -

LazyLedger

Blockchain
Legal Tech
Software
$1M03 Mar 2021 Liechtenstein, Liechtenstein

Blockchain
Internet
$2M09 Feb 2021 Chiyoda, Japan

MathWallet

Blockchain
Cryptocurrency
$12M17 Dec 2020 Central

Perpetual Protocol

Internet
$1M25 Aug 2020 China, China

HOPR

Blockchain
Privacy
Security
$1M09 Jul 2020 Zurich, Switzerland

BxB

Internet
$435K14 Jan 2020 South Korea, Gyeonggi-do, South Korea
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