Binance Labs Fund’s New Crypto Venture Fund Rises from Crypto Winter
Binance Labs, the accelerator and the venture capital division of Binance, poured capital into new cryptocurrency venture fund Nomad Capital, continuing its efforts to boost the broader digital asset industry.
Nomad Capital outlined in its blog post that the company takes a proactive approach to helping portfolio companies expand and achieve success. Nomad’s goal is to provide diverse value to their portfolios, such as product guidance, business expansion, tokenomics planning, talent recruitment and token launch strategy.
According to the information presented by Binance Labs on Wednesday, the terms of financing and the amount allocated to Nomad Capital’s development have not been disclosed.
“Nomad Capital is committed to working with our portfolio companies to help them achieve their full potential,” said Erick Zhang, Managing Partner of Nomad Capital.
“Binance’s values and culture have a profound impact on our team and our approach to investing. We are incredibly grateful for Binance’s support and trust. This investment will propel us forward in our mission to advance the growth of the crypto industry.”
The venture capital arm of Binance’s crypto exchange returned to funding cryptocurrency projects after a really active fourth quarter, as at least four promising digital asset projects raised additional funding.
Active Q4 2022 for Binance Labs
In December, the company declared that it led the private round II for GoPlus Security, a provider of Web3 security infrastructure. The value of the investment has not been made public. GoPlus Security offers security solutions for 13 primary blockchains, with comprehensive risk detection capabilities. The company’s goal is to expand security measures in the Web3 environment, with a particular emphasis on tokens, NFTs, dApps and smart contracts.
A month earlier, Binance Labs invested in two separate crypto projects: NGRAVE crypto wallet and Ultimate Champions. Founded four years ago in Belgium, NGRAVE offers a connectionless hardware wallet with a touch screen called ZERO, while Ultimate Champions is a Web3 sports game.
On top of that, Binance Labs made a fourth investment in Q4 2022 and led the pre-seed funding round for Ancilla, Inc., a provider of real-time and automated threat detection in blockchain space and software-as-a-service (SaaS) products.
Established in 2018, Binance Labs has funded more than 100 cryptocurrency projects to date. The venture capital division of Binance recently received $500 million in investment funding from institutional investors such as Whampoa Group, DTS Global Partners and Breyer Capital.
Binance Labs, the accelerator and the venture capital division of Binance, poured capital into new cryptocurrency venture fund Nomad Capital, continuing its efforts to boost the broader digital asset industry.
Nomad Capital outlined in its blog post that the company takes a proactive approach to helping portfolio companies expand and achieve success. Nomad’s goal is to provide diverse value to their portfolios, such as product guidance, business expansion, tokenomics planning, talent recruitment and token launch strategy.
According to the information presented by Binance Labs on Wednesday, the terms of financing and the amount allocated to Nomad Capital’s development have not been disclosed.
“Nomad Capital is committed to working with our portfolio companies to help them achieve their full potential,” said Erick Zhang, Managing Partner of Nomad Capital.
“Binance’s values and culture have a profound impact on our team and our approach to investing. We are incredibly grateful for Binance’s support and trust. This investment will propel us forward in our mission to advance the growth of the crypto industry.”
The venture capital arm of Binance’s crypto exchange returned to funding cryptocurrency projects after a really active fourth quarter, as at least four promising digital asset projects raised additional funding.
Active Q4 2022 for Binance Labs
In December, the company declared that it led the private round II for GoPlus Security, a provider of Web3 security infrastructure. The value of the investment has not been made public. GoPlus Security offers security solutions for 13 primary blockchains, with comprehensive risk detection capabilities. The company’s goal is to expand security measures in the Web3 environment, with a particular emphasis on tokens, NFTs, dApps and smart contracts.
A month earlier, Binance Labs invested in two separate crypto projects: NGRAVE crypto wallet and Ultimate Champions. Founded four years ago in Belgium, NGRAVE offers a connectionless hardware wallet with a touchscreen called ZERO, while Ultimate Champions is a Web3 sports game.
On top of that, Binance Labs made a fourth investment in Q4 2022 and led the pre-seed funding round for Ancilla, Inc., a real-time and automated threat detection provider in blockchain space and software-as-a-service (SaaS) products.
Established in 2018, Binance Labs has funded more than 100 cryptocurrency projects to date. The venture capital division of Binance recently received $500 million in investment funding from institutional investors such as Whampoa Group, DTS Global Partners and Breyer Capital.
