With a new $500m vehicle, Binance became the latest crypto company to amass huge piles of capital to build up the industry.
Cryptocurrency exchange Binance’s freshly-closed $500m investment fund highlights a new species of CVC investor that has been on the rise — the cryptocurrency company that has set up its own CVC arm and is investing in younger crypto startups at a frenetic pace to build up the ecosystem.
The half-billion-dollar vehicle, which will be part of Binance’s incubation and venturing arm, Binance Labs, will back companies at any stage, from incubation to late-stage growth across Web3 segments such as decentralised…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
