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LayerZero - Series B
Overview
Funding Date
April 4, 2023
Financing amount
$120M
Valuation
$3B
Catagory
Subcategory
About LayerZero - Series B
Blockchain infrastructure provider LayerZero Labs has raised $120 million in a Series B funding round at a valuation of $3 billion, tripling its valuation from its $135 million round in March 2022. Investors in the latest round included the crypto arm of noted investment firm Andreessen Horowitz, auction house Christie’s, Sequoia Capital and Samsung Next. The round had 33 total backers, including Bond, Circle Ventures and OpenSea Ventures. The capital will go toward growth initiatives, including hiring and expanding the company’s presence in the Asia-Pacific region.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2009 | 143 | businessplans@a16z.com | ||
| Fund | United States of America | 2020 | 2 | -- | ||
| Fund | United States of America | 1972 | 75 | wmc@sequoiacap.com | ||
| Fund | Korea (the Republic of) | 2013 | 49 | hello@samsungnext.com | ||
| Fund | United States of America | 2018 | 6 | info@bondcap.com | ||
| Corporate | United States of America | 2013 | 85 | info@circle.com | ||
| Corporate | -- | -- | 28 | -- | ||
| Fund | China | 2017 | 60 | invest@bixin.com | ||
| Corporate | Hong Kong | 2017 | 144 | support@okex.com | ||
| Fund | United States of America | -- | 22 | -- |
Founders & Team
Ryan Zarick
Bryan Pellegrino
Caleb Banister
Company Profile / Project Introduction
LayerZero is an omnichain interoperability protocol that allows dApps to build across multiple blockchains in a trustless, efficient manner. LayerZero connects dApps across chains using on-chain Ultra Light Nodes, which achieve the security of a light node with the cost-effectiveness of a middle-chain. Using the protocol, developers can turn their dapps into omnichain-applications using a single, simple interface.