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 8 funding rounds
Key investors in LayerZero Labs
Andreessen Horowitz
The Spartan Group
Sequoia Capital
Coinbase Ventures
Alameda Research
K5 Global
About LayerZero Labs
LayerZero Labs is an omnichain interoperability protocol enabling messaging between 50+ blockchains. The endpoint-based architecture uses Ultra Light Nodes and decentralized verifiers for trustless communication. Supporting dApps like Stargate and Radiant Capital, it handles over $30 billion in cross-chain volume since 2022. Headquartered in Vancouver, LayerZero Labs launched V2 in 2024 with zero-knowledge proofs. Partnerships include Circle for USDC bridging.
Founded
2021
HQ
VancouverWebsite
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.
The $120M round was led by OpenSea Ventures and The Spartan Group.
LayerZero Labs' valuation has grown 3.0x from $1B at its Series A in March 2022 to $3B in April 2023, across 2 priced rounds.
LayerZero Labs valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2023 | Series B | $3B |
| Mar 2022 | Series A | $1B |
LayerZero Labs Funding History
LayerZero Labs has raised a total of $351M across 8 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2026 | Strategic investment | Tether (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 2025 | Undisclosed stage | Andreessen 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. |
| Apr 2024 | Seed | White Loop Capital; Jets Capital | $3M | - | - |
| Apr 2023 | Series B | OpenSea Ventures (lead); The Spartan Group (lead) | $120M | $3B | LayerZero 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 2022 | Undisclosed stage | Alameda Research (lead); K5 Global | $30M | - | LayerZero 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 2022 | Series A | Andreessen Horowitz (lead); FTX Ventures (lead); Sequoia Capital (lead); Coinbase Ventures; Gemini Space Station; Dapper Labs; Crowd Venture Capital; Metavest Capital; Tiger Global; Zokyo; CoinFund; Polygon | $135M | $1B | LayerZero 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 2021 | Series A | Multicoin 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 2021 | Seed | - | $2M | - | - |
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Who has invested in LayerZero Labs?
30 investors have backed LayerZero Labs across its funding rounds, including Andreessen Horowitz, The Spartan Group, Sequoia Capital, Coinbase Ventures, Alameda Research and K5 Global.
Lead investors include Tether, Andreessen Horowitz, OpenSea Ventures, The Spartan Group, Alameda Research and 4 other investors.
LayerZero Labs Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 San Francisco, CA | 2 | Lead | Mar 2022 | |
 Singapore | 2 | Lead | Sep 2021 | |
| San Francisco, CA | 1 | Participant | May 2022 | |
 Paris | 1 | Participant | Apr 2024 | |
| San Francisco, CA | 1 | Participant | Sep 2021 | |
 Hong Kong | 1 | Lead | May 2022 | |
 Victoria | 1 | Participant | Sep 2021 | |
| San Francisco, CA | 1 | Participant | Mar 2022 | |
| United States | 1 | Participant | Mar 2022 | |
| Vancouver | 1 | Participant | Mar 2022 | |
 San Salvador | 1 | Lead | Feb 2026 | |
| Austin, TX | 1 | Lead | Sep 2021 | |
 London | 1 | Participant | Apr 2024 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialInvestments 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
| 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 | - | | | | |
| HQ City | - | - | New York City, NY | London | |
| Deal Date | 23 Apr 2026 | 18 Nov 2025 | 12 Nov 2025 | 17 Jun 2025 | |
| Round | Angel | Undisclosed stage | Series A | Seed | |
| Raised | $500K | $37M | $10M | $10M | |
| Investors | John Lilic; Stefan George; Fabric VC; Hilbert Group; Animoca Brands; Atka; Gnosis | Sky; Framework Ventures | dao5; a16z crypto; TrueBridge Capital Partners; Amber Group; Polychain | Payoneer; Mirana; VanEck; Monerium; Coinbase; Boku; Founders Fund; Paxos; Galaxy Ventures | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| 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 Phantom.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| New York City, NY | Private | - | - | $2.4B | - | |
| San Francisco, CA | Private | $85M | - | $4.2B | 49.4x | |
 Brazil | Private | - | - | $2.1B | - | |
| United States | Publicly listed | $62M | ($34M) | $1.5B | 22.2x | |
 Germany | Publicly listed | $2M | ($1M) | $49M | 4.6x | |
| San Francisco, CA | Private | - | - | $3B | - |
LayerZero Labs Public Comps
LayerZero Labs is still privately-owned, but its public comps include Hyperliquid Strategies, Tradition, Tradegate, Tadawul Group, Sharplink, Galaxy Digital, Securitize, Flow Traders, OSL Group and Indian Energy Exchange.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $9M | - | 308.0x | 162.2x | - | - | |||
| $1.4B | $249M | 1.7x | 1.6x | 9.2x | 10.2x | |||
| $219M | - | 10.8x | - | - | - | |||
| $336M | $162M | 9.9x | 9.6x | 20.7x | 26.6x | |||
| $28M | ($734M) | 61.9x | 39.9x | (2.4x) | 141.1x | |||
| $60B | ($177M) | 0.1x | 0.2x | (43.3x) | (182.6x) | |||
| $62M | ($34M) | 25.5x | 22.2x | (46.0x) | (37910.8x) | |||
| $914M | $243M | 7.3x | 11.0x | 27.6x | 27.2x | |||
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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 8 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, Alameda Research, OKX Ventures, Coinbase Ventures, Gemini Space Station, Dapper Labs and 20 others. |
| Which companies are comparable to LayerZero Labs? | Companies comparable to LayerZero Labs include Paxos, Anchorage Digital, 2TM, Securitize, Finexity and Phantom. |
| 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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