Coinspeaker
Binance Labs Closes Out 2023 with 25 New Investments
Binance Labs, the venture capital and incubation arm of the popular cryptocurrency exchange Binance, had a successful year in 2023 by making 25 new investments. This achievement solidifies their position as one of the most active investors in the Web3 and blockchain startup space.
Since its establishment in 2018, Binance Labs has experienced significant growth. They have invested in 250 projects across 25 countries and have seen a 14x return on their investments so far. The venture capital has played a role in the creation of around 50 new startups, including industry leaders like Dune, Injective Protocol, Polygon, and SafePal.
Despite the challenges faced by the crypto market in 2023, Binance Labs continued to invest in transformative Web3 solutions. This active investment activity led to recognition from Messari as the most active crypto venture capital investor in both Q2 and Q3 of 2023. They focused their investments
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