SCOOP: Binance Labs loses top two executives by Yogita_Khatri5
Qian did not immediately respond to The Block’s request for comment on the surname change.
Zhang, on the other hand, joined Binance Labs as its executive director in April 2020, according to her LinkedIn profile. She is now working as a partner at fintech-focused venture capital firm Lingfeng Capital, managing its Innovation Fund, per the profile.Qian's and Zhang's departures come as Binance Labs raised its first fund with outside capital earlier this week. The firmfrom backers including DST Global Partners, Breyer Capital and unnamed institutional investors.
Binance Labs was formed in 2018 and had been investing its own money. The firm has funded more than 100 startups to date, including Axie Infinity developer Sky Mavis, move-to-earn startup StepN, decentralized exchange aggregator 1inch, and blockchain audit firm CertiK. Besides investments, Binance Labs also looks after Binance's mergers and acquisitions deals. The firm has done over a dozen deals, including the acquisitions of crypto data provider CoinMarketCap, Indian crypto exchange WazirX and decentralized application analytics platform DappReview.
It is unclear who will replace Qian and Zhang. Binance Labs is currently helmed by Ken Li and Peter Huo in their director roles, according to the firm’s© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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