Impact startupFinancial inclusionStage unknown
LayerZero
LayerZero is a messaging protocol that allows for interoperability and facilitates cross-chain messaging across blockchains. Its creator, LayerZero Labs, announced a $120 million Series B round that valued the company at $3 billion. Developers use it to build projects that run across multiple blockchains without an intermediary.
Who it reaches
Developers who build applications that run across multiple blockchains.
Key facts
- Series B
- $120M Series B raised in April 2023source
- Valuation
- $3 billionsource
- Investors in Series B
- 33 investors, including a16z crypto, BOND, Christie's, Circle Ventures, OpenSea Ventures, Samsung Next, and Sequoia Capitalsource
- Reported usage (company figures)
- over two million messages relayed across 30+ chains, over $7 billion in Total Value Locked (TVL), and more than $6 billion in transactional volumesource
- Total funding after Series B
- $263 millionsource
WYDE coverage of LayerZero
Sources
- Layerzero - $120M Series B (Startup Intros)
- Blockchain Networks Messaging Protocol: LayerZero Finalizes $120M Series B At $3B Valuation (Crowdfund Insider)
- LayerZero reaches $3 billion valuation in Series B funding round (The Block)
- LayerZero Labs: $120 Million Funding And $3 Billion Valuation (Pulse 2.0)
- LayerZero (official site)
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