LayerZero Labs Valuation, Funding & Investors

LayerZero Labs is valued at $3B as of April 2023.

Last LayerZero Labs valuation

$3B

Series B · Apr 2023

Last LayerZero Labs funding round

Strategic investment

Amount undisclosed · Feb 2026

Cumulative funding LayerZero Labs raised

$351M

across 9 funding rounds

Key investors in LayerZero Labs

  • Andreessen Horowitz
  • The Spartan Group
  • Coinbase Ventures
  • Alameda Research
  • K5 Global
  • Multicoin Capital

LayerZero Labs Overview

About LayerZero Labs

LayerZero Labs develops an interoperability protocol for moving data and digital assets across independent blockchain networks. Its software lets asset issuers and application developers build services that communicate across chains without maintaining isolated messaging systems for every network pair. LayerZero uses immutable on-chain endpoints, configurable verification modules and permissionless execution infrastructure to deliver cross-chain messages. Its Omnichain Fungible Token standard allows issuers to deploy assets across multiple networks without fragmenting liquidity. The company also provides Console, an enterprise operating platform through which issuers can configure, manage, monitor and control multi-chain assets. LayerZero serves stablecoin issuers, financial protocols, application developers, wallets, exchanges and other blockchain organizations. Revenue is tied to commercial software, infrastructure services and usage of its cross-chain messaging and execution network.


Founded

2021

HQ

CanadaVancouver

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based

Valuation

$3B (Apr 2023)

LayerZero Labs Valuation

LayerZero Labs is currently valued at $3B, based on its Series B in April 2023. Read the announcement ↗

The $120M round was led by OpenSea Ventures and The Spartan Group, with participation from IOBC Capital.

LayerZero Labs' valuation has grown 3.0x from $1B at its Series A in March 2022 to $3B in April 2023, across 3 priced rounds.

LayerZero Labs valuation by funding round

LayerZero Labs valuation by funding round
DateStageValuation
Apr 2023Series B$3B
May 2022Undisclosed stage$1B
Mar 2022Series A$1B

LayerZero Labs Funding History

LayerZero Labs has raised a total of $351M across 9 funding rounds.

LayerZero Labs' first fundraising round was a $2M seed round in April 2021. The most recent completed round was a strategic investment round in February 2026.

LayerZero Labs funding rounds

LayerZero Labs funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2026Strategic investmentTether (lead)--On February 10, 2026, Tether Investments announced a strategic investment in LayerZero Labs, the development company behind a widely-adopted cross-chain interoperability protocol. LayerZero's technology enables asset transfers across multiple blockchain networks and is foundational infrastructure for omnichain finance. The investment was strategic in nature, with both financial terms and deal size explicitly undisclosed by both parties. LayerZero's Omnichain Fungible Token standard underpins USDt0, the cross-chain version of Tether's stablecoin, which had processed over $70 billion in cross-chain value transfers in approximately twelve months since launch. The company's technology also supports XAUt0, Tether's cross-chain gold-backed token, as well as institutional applications across 165+ blockchains. Tether CEO Paolo Ardoino emphasized that Tether invests in infrastructure already delivering real-world utility, while LayerZero CEO Bryan Pellegrino characterized the investment as ultimate validation of the company's engineering approach and execution track record.
Apr 2025Undisclosed stageAndreessen Horowitz (lead)$55M-LayerZero Labs develops an omnichain interoperability protocol enabling seamless communication and data transfer across multiple blockchains, supporting applications in DeFi, NFTs, gaming, and media. LayerZero launched products like Stargate, which quickly secured billions in assets, and continues expanding integrations with non-EVM chains like Solana and Terra while focusing on Web3 gaming and Asia-Pacific growth. The company has raised significant funding historically, including a $135M round in March 2022 led by Andreessen Horowitz, Sequoia Capital, and others at a $1B valuation, and a $120M Series B in April 2023 led by a16z crypto at a $3B valuation. Total funding across rounds exceeds $318M, with key investors like Sequoia, Coinbase Ventures, and Circle Ventures. On April 17, 2025, Andreessen Horowitz invested $55M specifically in LayerZero's ZRO token with a 3-year lock-up commitment, described in sources as a token purchase or OTC deal rather than a standard equity funding round.
Jan 2025Strategic investmentAnimoca Ventures--Animoca Ventures' official portfolio snapshot dated 4 August 2025 lists LayerZero as a portfolio holding. The disclosure establishes a private investment relationship by 2025, but it does not identify the closing day, financing round, security, invested amount, valuation, or ownership percentage. It does not attribute Animoca Ventures to any separately reported Animoca Brands financing and carries no stage, amount, valuation, lead role, or syndicate from another transaction. LayerZero is a blockchain infrastructure company that develops an interoperability protocol for moving data and assets across independent networks. Its software allows issuers and application developers to create tokens and services that operate across multiple blockchains without maintaining separate deployments and liquidity systems. The company also develops enterprise control software, a settlement blockchain called Zero, and exchange infrastructure under the ATLAS name.
Apr 2024SeedWhite Loop Capital; Jets Capital$3M--
Apr 2023Series BOpenSea Ventures (lead); The Spartan Group (lead); IOBC Capital$120M$3BLayerZero Labs develops LayerZero, an omnichain interoperability protocol that enables seamless communication and data transfer between different blockchains, allowing developers to build chain-agnostic applications without relying on middlemen or centralized bridges. Founded in 2021 by Bryan Pellegrino, Caleb Banister, and Ryan Zarick, and headquartered in Vancouver, the company positions itself as critical infrastructure for a multi-chain future in crypto and Web3, competing with protocols like Cosmos. On April 4, 2023, LayerZero Labs closed a $120 million Series B funding round, tripling its valuation to $3 billion post-money from $1 billion in its prior Series A. The round included over 30-33 investors such as a16z crypto (lead), Sequoia Capital, OpenSea Ventures, The Spartan Group (mentioned in query but not all sources), Circle Ventures, Samsung Next, OKX Ventures, BOND, Christie's, and Lightspeed. Proceeds aim to expand headcount, drive growth initiatives, and strengthen presence in Asia-Pacific. At the time, LayerZero had demonstrated strong traction in its first year: facilitating over 2 million cross-chain messages across 30+ chains, securing $7 billion in Total Value Locked (TVL), processing more than $6 billion in transactional volume, with 30,000+ testnet contracts deployed, 3,500 mainnet contracts, 10,000+ unique applications, and hundreds of thousands of end users. The company earns via protocol interaction fees but prioritizes ecosystem dominance over immediate profits. This round marked one of the largest crypto raises post-FTX collapse in late 2022, positioning LayerZero among elite players like Coinbase. Investors highlighted its technical edge in handling transactions across major ecosystems like Ethereum and Solana, with plans to capture full market share in blockchain interoperability.
May 2022Undisclosed stageAlameda Research (lead); K5 Global$30M$1BLayerZero Labs is an interoperability protocol enabling cross-chain messaging for decentralized applications. Sources reference a March 2022 round of $135 million co-led by FTX Ventures (Alameda affiliate), valuing the startup at $1 billion, with participants including Andreessen Horowitz, Sequoia, Coinbase Ventures, and PayPal Ventures. A later Series B raised $120 million at a $3 billion valuation from a16z, Sequoia Capital, Christie’s, and OpenSea Ventures. Alameda Research Ventures invested in LayerZero, acquiring a 5% stake by sending $70 million and purchasing $25 million in Stargate Finance (STG) tokens, tied to interactions around 2022. Post-FTX collapse in November 2022, LayerZero repurchased the stake from FTX Ventures and Alameda, forgiving a $45 million loan, amid legal disputes resolved in 2025 when the stake was returned to the FTX estate. LayerZero reported $107 million cash, $27 million on-chain (90% stablecoins), and $11.5 million on FTX, claiming 7 years runway. Alameda liquidation addresses later exchanged STG for ZRO tokens.
Mar 2022Series AAndreessen Horowitz (lead); FTX (lead); Sequoia Capital (lead); Coinbase Ventures; Gemini Space Station; Dapper Labs; Crowd Venture Capital; Metavest Capital; Tiger Global; Zokyo; CoinFund; Polygon$135M$1BLayerZero Labs, a Vancouver-based startup founded in 2021, develops an omnichain interoperability protocol that enables decentralized applications (dApps) to span multiple blockchains by passing secure messages between chains, solving cross-chain communication challenges with gas-efficient, non-upgradable smart contracts. The protocol supports networks like Ethereum, Binance Smart Chain, Polygon, Avalanche, Fantom, Arbitrum, and Optimism, with plans to integrate non-EVM chains such as Solana and Terra. It powers applications in NFTs, gaming, marketplaces, media, and DeFi, abstracting blockchains to create seamless user experiences across chains. On March 30, 2022, LayerZero Labs raised $135 million in a Series A+ funding round co-led by Andreessen Horowitz (a16z), FTX Ventures, and Sequoia Capital, achieving unicorn status at a $1 billion post-money valuation. Participants included Coinbase Ventures, PayPal Ventures, Tiger Global, Uniswap Labs, CoinFund, Dapper Labs, Polygon, Gemini, and others, matching the specified investor list. The funds aim to accelerate development of cross-chain dApps, integrate with additional blockchains, and build a community around protocols like Stargate, a cross-chain liquidity transfer protocol launched in beta. Post-launch traction was strong: within 10 days of Stargate's release, it secured over $3.4 billion in assets and facilitated more than $264 million in transfers via LayerZero, demonstrating early demand for omnichain solutions amid growing crypto industry needs for interoperability in DeFi, NFTs, and gaming. This round followed a prior $6 million Series A in September 2021 led by Binance Labs and Multicoin Capital, bringing total funding to around $141 million by March 2022.
Sep 2021Series AMulticoin Capital (lead); YZi Labs (lead); Protocol Ventures; OKX Ventures; Echelon; DeFiance Capital; Hypersphere Ventures; Delphi Ventures; Genblock Capital; The Spartan Group; Ryze Labs; Robot Ventures$6M-LayerZero Labs raised $6.3 million in a Series A funding round on September 16, 2021, co-led by Multicoin Capital and Binance Labs, with participation from DeFiance Capital, Delphi Ventures (Delphi Digital), Echelon (Sino Global Capital), Genblock Capital, Hypersphere Ventures, Protocol Ventures, Robot Ventures, Spartan Group, and others. The Vancouver-based company develops an omnichain interoperability protocol for cross-chain messaging, enabling decentralized applications to connect blockchains without centralized intermediaries. Funds were allocated to expand developer adoption, enhance protocol security, and build endpoints across the ecosystem. Prior to this round, LayerZero Labs secured a $2 million seed round in April 2021 to initiate development of its omnichain messaging protocol. The protocol had not yet launched at the time of the Series A, pending completion of three security audits expected by late October 2021.
Apr 2021Seed-$2M--

Who has invested in LayerZero Labs?

32 investors have backed LayerZero Labs across its funding rounds, including Andreessen Horowitz, The Spartan Group, Coinbase Ventures, Alameda Research, K5 Global and Multicoin Capital.

Lead investors include Tether, Andreessen Horowitz, OpenSea Ventures, The Spartan Group, Alameda Research and 4 other investors.


LayerZero Labs Investors

Investors in LayerZero Labs by funding rounds participated
InvestorHQRoundsRoleFirst check
Andreessen HorowitzUnited StatesSan Francisco, CA2LeadMar 2022
The Spartan GroupSingaporeSingapore2LeadSep 2021
K5 GlobalUnited StatesSan Francisco, CA1ParticipantMay 2022
White Loop CapitalFranceParis1ParticipantApr 2024
Protocol VenturesUnited StatesSan Francisco, CA1ParticipantSep 2021
IOBC CapitalHong KongHong Kong1ParticipantApr 2023
Alameda ResearchHong KongHong Kong1LeadMay 2022
OKX VenturesSeychellesVictoria1ParticipantSep 2021
Coinbase VenturesUnited StatesSan Francisco, CA1ParticipantMar 2022
Gemini Space StationUnited StatesUnited States1ParticipantMar 2022
Dapper LabsCanadaVancouver1ParticipantMar 2022
TetherEl SalvadorSan Salvador1LeadFeb 2026
Multicoin CapitalUnited StatesAustin, TX1LeadSep 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by LayerZero Labs

LayerZero Labs has acquired 1 company to date.

Last acquisition by LayerZero Labs was on August 1st 2025. LayerZero Labs acquired Stargate Finance for $120M.


Latest Acquisitions by LayerZero Labs

Stargate Finance
Description
Stargate Finance is a cross-chain asset-transfer protocol and application built on LayerZero. It lets users bridge and swap stablecoins and other digital assets across supported blockchains through a unified interface. The product uses liquidity pools and LayerZero messaging to coordinate transfers while preserving fungibility across networks. Stargate also offers liquidity and staking functions and provides application-programming interfaces for developers and asset issuers. The protocol launched in 2022 and had processed more than US$70 billion of historical transfer volume by late 2025 according to LayerZero. Its official terms place the hosted interface in the Cayman Islands, while the protocol itself operates across decentralized blockchain networks. Revenue comes from fees charged on cross-chain swaps, transfers, asset deployment, yield distribution, and liquidity-management services.
HQ CountryCayman Islands
HQ City
George Town
Deal Date1 Aug 2025
Valuation$120M
EV/Revenue
EV/EBITDA

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Investments by LayerZero Labs

LayerZero Labs has invested in 5 companies to date.

Latest investment by LayerZero Labs was on April 23rd 2026. LayerZero Labs invested in Robin Markets in their $500K Angel round.


Latest Investments by LayerZero Labs

Robin Markets
Obex
Seismic
Ubyx
Description
Robin Markets is a DeFi platform centered on Polymarket position yields. Users access its core product to earn yields.
-
Seismic is a fintech platform delivering buy-now-pay-later financing for business-to-business purchases alongside high-yield savings accounts embedded in consumer-facing mobile applications. The company targets enterprise clients seeking flexible payment terms in supply chains and app developers aiming to boost user retention through competitive interest rates exceeding traditional banks. Operating from San Francisco, Seismic processes transactions across North America with integrations supporting platforms like Shopify and Stripe. Founded in 2022, it has raised seed funding from investors including Y Combinator to scale its API-driven services.
Ubyx is a blockchain-based clearing and settlement platform for digital assets. The system enables institutional investors to perform non-custodial, atomic settlement of crypto trades across multiple venues. Headquartered in Zug, Switzerland, Ubyx connects to over a dozen cryptocurrency exchanges and OTC desks. It supports settlement in fiat currencies like USD and EUR as well as stablecoins. The platform integrates with prime brokers and custodians to streamline post-trade processes. Ubyx leverages distributed ledger technology to reduce counterparty risk and settlement times to minutes.
HQ Country-United StatesUnited StatesUnited Kingdom
HQ City
-
-
New York City, NY
London
Deal Date23 Apr 202618 Nov 202512 Nov 202517 Jun 2025
RoundAngelUndisclosed stageSeries ASeed
Raised$500K$37M$10M$10M
InvestorsJohn Lilic; Stefan George; Fabric VC; Hilbert Group; Animoca Brands; Atka; GnosisSky; Framework Venturesdao5; a16z Frontier; TrueBridge Capital Partners; Amber Group; PolychainPayoneer; Mirana; VanEck; Monerium; Coinbase; Boku; Founders Fund; Paxos; Galaxy Ventures
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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LayerZero Labs Competitors

LayerZero Labs competitors include listed companies like Securitize and Finexity, and private ones like Paxos, Anchorage Digital, 2TM and Monad.

Public and private companies comparable to LayerZero Labs
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PaxosUnited StatesNew York City, NYPrivate--$2.4B-
Anchorage DigitalUnited StatesSan Francisco, CAPrivate$85M-$4.2B49.4x
2TMBrazilSao PauloPrivate--$2.1B-
SecuritizeUnited StatesUnited StatesPublicly listed$62M($34M)$1.2B19.0x
FinexityGermanyGermanyPublicly listed$2M($1M)$48M5.0x
MonadUnited StatesNew York City, NYPrivate--$3B-

LayerZero Labs Public Comps

LayerZero Labs is still privately-owned, but its public comps include Hyperliquid Strategies, Galaxy Digital, Tadawul Group, Bullish, Tradition, Tradegate, Sharplink, Virtu Financial, Securitize and OSL Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Hyperliquid Strategies$9M-309.3x116.3x--
Galaxy Digital$60B($177M)0.1x0.2x(48.0x)34.9x
Tadawul Group$336M$162M8.6x8.6x17.8x25.0x
Bullish$245B($727M)0.0x8.4x(4.0x)23.6x
Tradition$1.4B$248M1.6x1.5x8.5x9.4x
Tradegate$213M-11.1x---
Sharplink$28M($734M)50.2x32.0x(1.9x)96.9x
Virtu Financial$3.6B$2B4.1x5.5x7.5x9.2x

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Common questions about LayerZero Labs

When was LayerZero Labs founded?LayerZero Labs was founded in 2021.
Where is LayerZero Labs headquartered?LayerZero Labs is headquartered in Vancouver, Canada.
Is LayerZero Labs publicly listed?No, LayerZero Labs is a private, VC-backed company.
What is LayerZero Labs' valuation?LayerZero Labs was last valued at $3B in its Series B in April 2023.
How much funding has LayerZero Labs raised?LayerZero Labs has raised $351M across 9 funding rounds.
What was LayerZero Labs' last funding round?LayerZero Labs' last funding round was a strategic investment round in February 2026, led by Tether.
Who are LayerZero Labs' investors?LayerZero Labs' investors include Andreessen Horowitz, The Spartan Group, K5 Global, White Loop Capital, Protocol Ventures, IOBC Capital, Alameda Research, OKX Ventures, Coinbase Ventures, Gemini Space Station and 22 others.
Which companies are comparable to LayerZero Labs?Companies comparable to LayerZero Labs include Paxos, Anchorage Digital, 2TM, Securitize, Finexity and Monad.
How many companies has LayerZero Labs acquired?LayerZero Labs has acquired 1 company, including Stargate Finance.
What was the largest acquisition by LayerZero Labs?The $120M acquisition of Stargate Finance in August 2025 is the largest acquisition LayerZero Labs has made to date.
How many companies has LayerZero Labs invested in?LayerZero Labs has invested in 5 companies, including Robin Markets, Obex, Seismic, Ubyx and TapiocaDAO.
What was LayerZero Labs' last investment?In April 2026, LayerZero Labs invested in Robin Markets' $500K angel round alongside John Lilic, Stefan George, Fabric VC and 4 other investors.

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