LayerZero protocol announced a funding round of $135 million, led by Sequoia Capital, a16z and FTX Ventures.
Interoperability protocol LayerZero raised $135 million in a Series A+ round led by Sequoia Capital, a16z and FTX Ventures.“We had conviction in a cross-chain future, but the technology to enable it was insufficient—until we met LayerZero,” Michelle Bailhe, a partner at Sequoia, told the publication.
Coinbase Ventures, PayPal Ventures, Tiger Global and Uniswap Labs are among other investors in the round. LayerZero recently launched Stargate, a cross-chain protocol allowing users to swap tokens across seven blockchains, including Ethereum, Avalanche, Polygon, BSC, Fantom, Arbitrum and Optimism. It plans to expand to Solana and Terra in the next few weeks, per the report.The team behind Stargate