Binance valued assets under the venture capital arm at $9 billion
![](data:image/svg+xml;utf-8,<svg xmlns="http://www.w3.org/2000/svg" width="1080" height="864" />)
Binance valued assets under the venture capital arm at $9 billion
The assets of Binance's venture capital arm are valued at $9 billion, with investment up 20% since August 2022. Business director Ibo Ling said that the exchange's venture capital business is generating significant returns, with returns of ten times the amount invested. Binance Labs has committed $1 billion to the Web3 industry recovery fund, in which 14 companies have already invested, and about 60 more applicants are under consideration.
1 comment