Binance

Binance Labs serves as the venture capital arm and incubator of Binance, the world's largest cryptocurrency exchange. Established in 2018, its primary mission is to identify, invest in, and empower promising blockchain projects and entrepreneurs that are building the future of Web3. The firm focuses on a broad spectrum of the blockchain ecosystem, including infrastructure, decentralized finance (DeFi), non-fungible tokens (NFTs), GameFi, and various decentralized applications. Binance Labs operates globally, providing not only capital but also strategic guidance, technical support, and access to Binance's extensive ecosystem and user base.

Binance Labs invests across all stages, from early-stage incubation to later-stage growth rounds. In June 2022, the firm announced the close of a new $500 million investment fund, underscoring its significant commitment to fostering innovation within the blockchain space. This substantial capital allows Binance Labs to make impactful investments in projects that align with its vision for a decentralized future. Their portfolio is diverse, encompassing over 200 projects across more than 25 countries, demonstrating a wide geographical and technological reach.

Typical first check sizes for Binance Labs can vary significantly based on the stage and nature of the investment. For projects entering their incubation programs, initial funding might range from modest grants, often around $200,000, designed to help early-stage teams build out their concepts. For more mature early-stage companies or strategic investments, Binance Labs is capable of deploying much larger sums, with initial checks potentially reaching up to $10,000,000 or more, especially when leading or co-leading significant seed or Series A rounds. This flexible investment approach allows them to support a wide array of projects, from nascent ideas to those ready for significant scaling.