Crypto Firm LayerZero Labs Hits Unicorn Status With $135M Raise

Omnichain interoperability protocol LayerZero Labs Inc. is the latest crypto company to hit unicorn status after raising $135 million in new funding round at a $1 billion valuation. LayerZero Labs Hits Unicorn Status LayerZero Labs’s $135 million funding round was led by notable venture groups and investors such as Sequoia Capital, FTX Ventures, Andreessen Horowitz with participation from Coinbase Ventures, PayPal Ventures, Tiger Global, Uniswap Labs, Dapper Labs, imToken, CoinFund, Polygon, Zokyo, and Gemini among others. pic.twitter.com/jdk6eEaHoA — LayerZero Labs (@LayerZero_Labs) March 30, 2022 Bryan Pellegrino, co-founder and CEO at LayerZero later tweeted that NFL hero Tom Brady including pop sensation Justin Timberlake also took part in the financing round. With the new funding, LayerZero is now valued at $1 billion. And finally… how could I omit the 🐐s. Welcome @TomBrady and @jtimberlake to the fam. Onwards and upwards, It's going to be an absolute pleasure building with you all pic.twitter.com/dY8Ag9gw5w — lz.PrimordialΔΔ() (@PrimordialAA) March 30, 2022 The company previously received $6 million in a Series A round in September 2021 and a $2 million seed round in April of last year. “This round is a massive step forward for LayerZero Labs and the unfolding interoperability landscape. We’ve brought some of the best and most well respected entities in the world together to accomplish the same goal: create the generic ...