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Tag Archives: Binance Labs

Binance Labs Pledges $4.5 Million Investment in Ambit Finance

Both Ambit Finance and Binance Labs will work together on launching future DeFi apps with a focus on innovation, security, and risk control.Earlier today, December 2, crypto exchange Binance announced a strategic investment of up to $4.5 million in Ambit Finance. The investment will come through Binance Labs, a venture capital arm of Binance.The goal behind this investment is to provide a boost to decentralized finance (DeFi) applications on BNB Chain. As a result, Ambit and Binance Labs will...

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P2E Game Heroes of Mavia Bags $5.5M in Seed Funding Led by Binance Labs

Ethereum-based play-to-earn game, Heroes of Mavis, has recently completed its seed funding round where it raised $5.5 million from Web3 and metaverse investors, including Binance Labs. Binance and Others Invest in Heroes of Mavia According to a press release shared with CryptoPotato, the project intends to use the new capital injection to develop the game further, attract top talent, and expand its community of supporters. The seed funding round was led by Binance Labs and...

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WOO Network (WOO) Soars 25% as Binance Labs Announces $12M Investment

Binance Labs, the investment arm of the popular cryptocurrency exchange Binance, said it had invested $12 million into institutional liquidity provider WOO Network’s Series A+ funding round. Shortly after, the latter’s native token skyrocketed by double digits. Binance Invests $12M in WOO Network According to an official announcement from Binance, the investment in WOO Network comes on the heels of the project’s recently-concluded Series A completed round in November 2020....

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