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Blockchain messaging protocol LayerZero has secured a seven-figure fundraise backed by the likes of a16z and Sequoia Capital. LayerZero’s latest Series B…

LayerZero Labs, a web3 messaging protocol, has closed a $120 million Series B round, raising its valuation to $3 billion from $1 billion

Its latest funding round is one of the largest for a crypto company in 2023.

LayerZero Labs has just concluded its Series B funding, raking in $120 million from a host of notable investors. This gives the interoperability protocol a…

Vancouver-based Web3 startup LayerZero Labs is now valued at $3 billion after closing a $120 million Series B funding round.

It has raised $120m in Series B funding from Sequoia, Samsung and others.

Blockchain interoperability protocol LayerZero raises $120M at $3B valuation - SiliconANGLE

On Tuesday, LayerZero Labs announced the completion of a $120 million Series B financing, increasing the company’s valuation from $1 billion to $3 billion. LayerZero Laboratories is a web3 communications protocol. This messaging protocol eliminates the need for third-party middlemen for sending messages between blockchains, unlike Web 2.0 messaging applications like WhatsApp and Telegram. LayerZero …

Investors have bought into LayerZero Labs’ vision of an internet of interoperable blockchains, valuing the company at $3B in a Series B funding round…

Over 33 investors participated in the funding round, including Andreessen Horowitz, Sequoia Capital and Samsung Next.