<p>Binance
Labs, the <a href="https://www.financemagnates.com/terms/a/accelerator/" class="terms__main-term" id="0d56ced6-bc8f-406e-84e8-1908a36753ae" target="_blank">accelerator</a> and the venture capital division of <a href="https://www.financemagnates.com/tag/binance/" target="_blank" rel="follow">Binance</a>, poured
capital into a new cryptocurrency venture fund Nomad Capital, continuing its
efforts to boost the broader digital assets industry. </p><p>Binance Labs Supports
Nomad Capital</p><p>Nomad
Capital has <a href="https://medium.com/@nomadcapital/investing-against-the-tide-24b05b993bb8">outlined</a>
in its blog post that the company takes a proactive approach to assist portfolio
companies in expanding and achieving success. Nomad's objective is to provide a diverse means of value to their portfolios, such as product guidance, business
expansion, tokenomics planning, talent recruitment, and token launch strategy.</p><p>According
to the information presented by Binance Labs on Wednesday, the financing terms
and the amount allocated for Nomad Capital's development have not been made
public.</p><p>"Nomad
Capital is committed to partnering with our portfolio companies to help them
achieve their full potential, "said Erick Zhang, the Managing Partner at
Nomad Capital. </p><p>"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 further propel us forward in our mission to advance the growth
of the crypto industry." </p><p>The venture
capital arm of Binance's crypto exchange returned to funding cryptocurrency projects
after a really active fourth quarter, when at least four promising digital
assets projects obtained additional funds.</p><p>Active Q4 2022 for Binance
Labs</p><p> In December, the company
declared that it led the private round II for <a href="https://www.financemagnates.com/cryptocurrency/binance-labs-leads-goplus-security-funding-round/" target="_blank" rel="follow">GoPlus Security</a>, a
Web3 security infrastructure provider. The value of the investment has not been
disclosed. GoPlus Security provides security solutions for 13 primary blockchains,
featuring comprehensive risk detection capabilities. The company's objective is
to expand security measures in the Web3 environment, with particular emphasis
on tokens, NFTs, dApps, and smart contracts.</p><p>A month
earlier, Binance Labs invested in two separate crypto projects: <a href="https://www.financemagnates.com/cryptocurrency/news/binance-labs-invest-in-ngrave-crypto-wallet-producer/" target="_blank" rel="follow">NGRAVE crypto
wallet</a> and <a href="https://www.financemagnates.com/cryptocurrency/binance-labs-supports-web3-gaming-invests-in-ultimate-champions/" target="_blank" rel="follow">Ultimate Champions</a>. NGRAVE was founded four years ago in Belgium and
offers a connectionless hardware wallet with a touch-screen dubbed ZERO, while Ultimate
Champions is a Web3 sports game.</p><p>On top of that, Binance
Labs made a fourth investment in Q4 2022 and led the pre-seed funding
round for <a href="https://www.financemagnates.com/cryptocurrency/binance-labs-invest-in-ancilla-leading-pre-seed-founding-round/" target="_blank" rel="follow">Ancilla, Inc.</a>, a provider of real-time
and automated threat detection in the <a href="https://www.financemagnates.com/terms/b/blockchain/" class="terms__secondary-term" id="be18ed01-45fc-4044-b447-06802a10dbcd" target="_blank">blockchain</a> space and software-as-a-service
(SaaS) products.</p><p>Binance Labs, which
was established in 2018, has funded more than 100 cryptocurrency projects to
date. The venture capital division of Binance has recently <a href="https://www.financemagnates.com/cryptocurrency/binance-labs-raises-500m-to-fund-crypto-web3-projects/" target="_blank" rel="follow">obtained $500
million in investment funding</a> from institutional investors like Whampoa Group,
DTS Global Partners, and Breyer Capital.</p>
This article was written by Damian Chmiel at www.financemagnates.com.
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