Binance Completes Woo Network’s Series A+ Round with $12 Million Investment
Carrying out a record 2021 where Investment Capital (VC) firms continued a good investment spree, splashing massive capital on crypto, DeFi, and NFT-focused startups, the momentum is obtaining again in 2012.
The most recent funding announcement originated from Binance Labs, the VC arm of Binance cryptocurrency exchange, which stated it backed Woo Network with $12 million in the Series A round.
Per the announcement, an investment seems to become a solo affair as both Binance and Woo Network searched for avenues to boost their proper relationship. The funding round is particularly likely to be utilized in supporting WOO Network’s rapid expansion through talent acquisition, development and research, and the introduction of new decentralized products.
Ran Yi, Chief of Ecosystem Develo...