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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Notable deals
Company | Industry | Round Size | Date | Investors | Location |
MOUND | $1M | 13 Apr 2021 | Cambridge, Massachusetts, United States | ||
PureStake | $6M | 30 Mar 2021 | Burlington, Massachusetts, United States | ||
EPNS | $660K | 29 Mar 2021 | - | ||
LazyLedger | $1M | 03 Mar 2021 | Liechtenstein, Liechtenstein | ||
$2M | 09 Feb 2021 | Chiyoda, Japan | |||
MathWallet | $12M | 17 Dec 2020 | Central | ||
Perpetual Protocol | $1M | 25 Aug 2020 | China, China | ||
HOPR | $1M | 09 Jul 2020 | Zurich, Switzerland | ||
BxB | $435K | 14 Jan 2020 | South Korea, Gyeonggi-do, South Korea |
– 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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Latest deals
Company | Industry | Round Size | Date | Investors | Location |
MOUND | $1M | 13 Apr 2021 | Cambridge, Massachusetts, United States | ||
PureStake | $6M | 30 Mar 2021 | Burlington, Massachusetts, United States | ||
EPNS | $660K | 29 Mar 2021 | - | ||
LazyLedger | $1M | 03 Mar 2021 | Liechtenstein, Liechtenstein | ||
$2M | 09 Feb 2021 | Chiyoda, Japan | |||
MathWallet | $12M | 17 Dec 2020 | Central | ||
Perpetual Protocol | $1M | 25 Aug 2020 | China, China | ||
HOPR | $1M | 09 Jul 2020 | Zurich, Switzerland | ||
BxB | $435K | 14 Jan 2020 | South Korea, Gyeonggi-do, South Korea |