YZi Labs ranks as second most active family office in August

According to FINTRX data, YZi Labs, the family office of Binance founder Changpeng Zhao (CZ), was the second most active family office in August, participating in 10 funding rounds totaling $42.1 million. The firm manages over $10 billion in assets across Web3, AI, and healthcare sectors. The most active firm was a16z Perennial, which participated in 17 deals. The reported figures represent the total size of the funding rounds rather than the specific investment amounts contributed by the family offices.