Binance Labs, the venture capital investment of Binance, announced a $12 million investment into decentralized finance DeFi institutional liquidity provider WOO Network’s Series A finding round.
According to an official announcement from Binance, the investment in WOO Network comes on the heels of the project’s recently-concluded Series A completed round in November 2020.
The round saw WOO Network raise $30 million from notable investors such as Three Arrows Capital, PSP Soteria Ventures, Gate Ventures, QCP Capital, Crypto.com Capital, Avalanche, and BitTorrent.
With the latest capital injection from Binance Labs, Woo Network will deploy the funds into expanding its operations beyond its current state through talent acquisition. It also plans to enhance the production of new decentralized products, and research and development.
Discover more from DiutoCoinNews
Subscribe to get the latest posts sent to your email.
