Binance Labs Co-Led A $6.6M Seed Round For Fusionist To Further Support Early-Stage Web3 Gaming Innovation

Jun 05, 2023•about 2 years ago

Amount Raised

$6.6 Million

Round Type

seed

SingaporeAngel InvestmentVenture Capital

Investors

Binance LabFunplusBinance Labs

Description

SINGAPORE / May 31, 2023 / Binance Labs, the venture capital arm and accelerator of Binance, has co-led a $6.6 million seed funding round for Fusionist, a Web3 gaming company, alongside Web2 gaming giant Funplus in May 2022. The move aligns with Binance Lab's commitment to supporting early-stage Web3 gaming projects and promoting a more robust Web3 gaming ecosystem.

Company Information

Company

Fusion Interactive

Location

Singapore

About

As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $9 billion. Its portfolio covers 200 projects from over 25 countries across 6 continents and has an over 10X rate of return on investments. Fifty of Binance Labs' portfolio companies have been projects that had gone through our incubation programs. For more information, follow Binance Labs on Twitter.

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers