Binance Labs Joins Sleek’s Seed Token Round at Valuation of 50 Million Dollars

Social networking platform Sleek has successfully completed a financing round, raising 5 million dollars in investment. Among the prominent investors in this round is Binance Labs, a leader in the cryptocurrency sector.

Web3 Social Platform Sleek Completes Token Round, Raises $5 Million in Seed Funding

Among the investors in the round are leading names in the cryptocurrency sector, including Binance Labs, Shima Capital, Spartan Group, Sembolic Capital, Market Across, and Big Brain Holdings.

Sleek’s co-founder Tania Tse noted that the funding was secured through a Simple Agreement for Future Tokens (SAFT). No official statement was made regarding the round’s valuation, but according to The Block, a source with direct knowledge of the matter stated that Sleek’s valuation in this round was $50 million.

Launched officially in April 2023, Sleek is described as a blockchain-based social media platform. The platform allows users to interact with each other through a card and a Telegram bot.

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