Binance Labs

Binance Labs

An incubator in Malta that focuses on investing in startups with working products.

Binance Labs is an incubator in Malta that focuses on investing in startups with working products. The company is is the venture arm of Binance, existing to grow the blockchain and crypto ecosystem. Founded 2017 in Valletta, Malta by Changpeng Zhao and Yi He, it invests in seed rounds. Its portfolio companies include Dapix, CERE Network, Elrond, Marlin Labs, Torus Labs, Nym Technologies, HOPR, Ironbelly, and Tellor. As of April 2020, Binance Labs has made 13 investments. Their most recent investment was on September 5, 2019, when Dapix raised $5.7M. Binance Labs has raised a total of $10M in funding over two rounds. Their latest funding was raised on November 1, 2017 from a Initial Coin Offering round.

Acquisitions

Trust Wallet

On July 31. 2018 Binance acquired the open source, decentralized Ethereum cryptocurrency wallet Trust Wallet for an undisclosed amount. Binance stated the company acquired Trust Wallet to enhance the service and safety of users on its cryptocurrency trading platform.

Timeline

2017

Founded

Funded Companies

Company
Description
Industry
Website
Location
Republic (company)

Republic is a company providing crowd equity funding tools for Initial Coin Offerings and startups founded by Kendrink Nguyen and Paul Menchov in 2018.

A company offering a portal search website for event schedules and ticket information related to art and cultural experiences.

Dapix is a Denver-based company.

4 Results
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Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Binance Intial Coin Offering, November 2017
November 1, 2017
1 Result
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People

Name
Role
LinkedIn

Batuhan Dasgin

Ambassador of Europe

Christy Choi

Director

Ella Zhang

Head

Mary Saracco

Ambassador of Latin America

Shane Qiu

Researcher

Yele Bademosi

Ambassador of Africa

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

CERE Network

Dapix

Elrond

HOPR

Ironbelly

Marlin Labs

Nym Technologies

Tellor

Torus Labs

News

Title
Author
Date
Publisher
Description
Reuters Editorial
April 2, 2020
U.S.
Major cryptocurrency exchange Binance has agreed to buy leading industry data site CoinMarketCap for an undisclosed sum, the companies said in a joint statement on Thursday.
Romain Dillet
March 24, 2020
TechCrunch
Web browser Brave is expanding its cryptocurrency features with an integration with cryptocurrency exchange Binance. Brave users will be able to buy, trade and receive crypto assets directly on the new tab page. In addition to a particular focus on privacy, Brave has been playing around with cryptocurrencies for a while. The company launched its [...]
Darren Parkin
September 18, 2019
Express.co.uk
POPULAR cryptocurrency exchange Binance will launch its US branch today amid a flurry of restrictions preventing millions of Americans from even accessing it.
Nicole Jao
September 18, 2019
TechNode
Binance made its first strategic investment in its home country.
Catherine Shu
August 19, 2019
TechCrunch
Binance, the world's largest cryptocurrency exchange, announced today that it will launch an open blockchain project called Venus to develop regional stablecoins pegged to fiat currencies (or traditional currencies usually issued and backed by a government). Based in Malta, Binance launched its decentralized trading service, Binance Chain, earlier this year, and since then has issued [...]
Tom Wilson
May 9, 2019
U.S.
Hackers who stole bitcoin worth over $40 million from the major Binance cryptocurrency exchange have moved the tainted coins to a number of digital wallets, researchers said on Thursday, potentially throwing up clues to those behind the heist.
Reuters Editorial
May 8, 2019
U.S.
Hackers stole bitcoin worth $41 million from Binance, one of the world's largest cryptocurrency exchanges, the company said on Wednesday, the latest in a string of thefts from cryptocurrency exchanges around the world.
BBC News
May 8, 2019
BBC News
A major crypto-currency exchange is hacked but the owners say they will cover the loss.
Olga Kharif
Invalid Date
DealStreetAsia
The Malta-based trading platform announced Monday that it was dropping Bitcoin SV, or Satoshi Vision, after a periodic review to ensure that all coins listed meet the firm's highest standards.

References

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