Binance Labs Rebrands as YZi Labs Focusing on Web3, AI and Biotech
Binance Labs has rebranded to YZi Labs, signaling a shift towards broader technology investments beyond blockchain. The new name reflects greater independence and ambition to explore areas like Web3, AI, and biotechnology.
Focus Areas
- Investment in Web3, AI, and biotech
- Maintaining support for existing portfolio companies
- No changes to current programs or initiatives
- Changpeng Zhao will mentor portfolio founders
- Leadership by Ella Zhang, experienced in the industry
Investment Achievements
- Backed 46 projects in 2024
- 14 from BNB Chain-focused MVB program
- Even split between infrastructure and application deals
- 10 projects in Decentralized Finance (DeFi)
- 7 projects each in AI and Bitcoin ecosystems
- Diverse allocations across Restaking, Gaming, Zero-Knowledge tech, Real World Assets, and consumer applications
- Notable investment in Particle Network
- Participation in pre-seed funding for Perena
- Investments in emerging ecosystems: Berachain, Monad, Initia
- Established investments in Stacks, Celestia, Bittensor