The Web3 fund LIF, founded by the former executive director of Binance Labs, has raised $20 million in funding

ChainCatcher news, a new venture capital fund LIF (Lingfeng Innovation Fund) led by former Binance Labs executive Nicole Zhang has secured $20 million in funding, which will be used to invest in crypto startups. Nicole Zhang, the founding partner of LIF, stated that the $20 million funding is the fund's "first closing," with a final goal of $30 million.

It is reported that LIF is a sister fund of Lingfeng Capital, which is based in Beijing and is a fintech investment firm managing over $400 million in assets. (The Block)