logo
logo

Blockchain Messaging Protocol Layerzero Raises $120M, Hitting $3B Valuation

Apr 04, 2023•over 2 years ago

Amount Raised

$120 Million

United StatesFinancial ServicesSoftware

Investors

BondChristie’sSamsung NextOpen SeaSequoia CapitalCircle VenturesA16z Crypto

Company Information

Company

LayerZero Labs

Location

United States

About

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. For more information visit: https://layerzero.network.

Related People

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech