Binance VC arm raises $500 mn fund to invest in Web3, blockchain

Binance Labs, the venture capital arm of cryptocurrency exchange Binance, has raised $500 million for its investment fund focused on companies involved in the blockchain and Web3 spaces.
Dollar spending on technology
The fund is supported by investment firms DST Global Partners, Breyer Capital and Whampoa Group as well as by other private equity firms and family offices.

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