BVI domiciled LayerZero Labs secures US $120M Series B

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By CPE News

CPE News Brief (4.5.2023) – LayerZero Labs Ltd., a British Virgin Islands (BVI) based web3 messaging protocol company, has raised US $120 million in Series B with valuation of $3 billion up from $1 billion in previous round.

Series B investors include a16z crypto, Circle Ventures, Sequoia Capital, OpenSea, Samsung Next, Christie’s and BOND.

LayerZero Labs previously raised US $135 million in Series A funding in January 2022. Dapper Labs founder participated in the round, investing an insignificant amount, US $100,000.

photo credit: LayerZero Labs