Binance Labs Announces Participation in Gold House Ventures $30M Fundraise

Binance Labs, a subsidiary of Binance, the largest crypto platform over Coinbase and Tycoon; recently announced that it was a participant in Gold House Ventures' inaugural fund, Gold House Ventures, which raised $30 million.

Gold House is a leading group of Asian and Pacific Islander (API) leaders who are united by a single aim. The institution's goal is to achieve socioeconomic fairness, which it accomplishes by gathering, supporting, and investing in API businesses and creatives.

The newly formed fund from Gold House has a number of goals. For starters, the fund makes direct investments in API startups and raises cash through its API investment network. Several prominent angel investors and venture capital firms are part of the network. Gold House Ventures also helps its portfolio firms grow through a variety of industry-specific incubation programs. In addition, Gold House Ventures also enhances portfolio companies through a slew of industry-oriented incubation programs. Furthermore, the premier fund achieves this alongside the region’s preeminent API accelerator called Gold Rush.

Gold House Ventures assists with marketing and talent recruitment, as well as reinvesting profits. The fund donates its whole management fee and profits to the Gold House, a non-profit organization. With this kind of funding, the API collective can continue its important work in the region and beyond. Gold House aspires to create more authentic multicultural representation by uniting Asians and Pacific Islanders.