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Fundamental Labs Leads $200 Million Seed Round For Binance.US Today

  • Fundamental Labs was the lead investor for a seed funding round in which Binance.US, a cryptocurrency exchange, raised $200 million total.
  • Fundamental Labs invested $20 million based on a $4.5 billion pre-money valuation.
  • Binance plans expansion and new product offerings with the $200 million injection.

Fundamental Labs, a blockchain-focused venture capital firm, took the lead in a seed round that saw BinanceUS, one of the largest digital asset exchanges when measured by volume, raise $200 million. Fundamental Labs provided the largest investment, to the tune of $20 million, per a press release sent to Bitcoin Magazine.

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