BNB
by BSC News
December 27, 2022
The Labs investment arm of Binance has had incredible success with over 200 projects since it began in 2018.
Binance Labs, the investment arm of Binance, has reported a historic 2100% investment return since it began.
Binance Labs has invested in over 200 projects since it began in 2018, according to a recent Chinese language blog from Binance that addressed the recent FUD around the exchange. The investment return on the 200+ projects has helped Labs reach total management assets of $7.5 billion USD.
“As for the outside world’s mention of the source of funds for Binance Labs’ investment and acquisition, Binance Labs has invested more than 200 projects since its establishment in 2018, with a historical return on investment of up to 2100%, total management assets of US$7.5 billion...” writes the translated blog.
Binance also confirmed that Labs is in a healthy state and is capable of running its day-to-day operations without issues. Binance Labs’ portfolio investments have some of the most successful projects in crypto from Polygon (MATIC), Sandbox, SafePal, Axie Infinity, Chilliz, and many more.
As the venture capital arm and accelerator of Binance, Binance Labs is on the continued lookout for the next big Web3 innovation. Since 2018, Binance Labs has invested in more than 200 projects from 25 countries. It has also incubated more than 50 projects that are native to Web3 through the Binance Labs Incubation Program, including Polygon, Perpetual Protocol, and Dune Analytics. As of August 2022, Binance Labs is the largest crypto VC in the industry by Asset Under Management (AuM) of $7.5 billion with a Multiple on Invested Capital (MOIC) of 21.0x.
Related News
Latest News
May 17, 2024
Kraken Considering Terminating USDT Support in Europe
May 17, 2024
Nigerian Court Denies Bail to Binance Exec Tigran Gambaryan on Money Laundering Charges
May 17, 2024
All You Need to Know About The Pump.Fun Exploit
May 16, 2024
French Regulator Hints at Legal Action Against Bybit, Citing Illegal Operations
May 16, 2024
What is MakerDAO’s Upcoming PureDai and NewStable?
May 16, 2024
Morgan Stanley Reports $270M Bitcoin ETF Investment in Grayscale’s GBTC
May 16, 2024
What is pSTAKE Finance?
May 15, 2024
Sonne Finance Hacked for $20M, Markets Paused on Optimism Network
More News