LayerZero raises $120M to expand cross-chain messaging efforts
The new funds will be used to increase headcount and expand the company’s presence in the Asia-Pacific region. Cross-chain messaging protocol developer LayerZero Labs has raised another $120 million, according to an Apr. 4 announcement. The company plans to use the capital to increase its headcount and expand its reach into the Asia-Pacific region. The company had previously raised $135 million in March 2022. pic.twitter.com/mhJgoovYis — LayerZero Labs (@LayerZero_Labs) April 4, 2023 LayerZero Labs is best known for its cross-chain messaging protocol, LayerZero, which is often used to create asset bridges between Blockchain networks. It is also the developer of the Stargate multi- chain bridge. With the completion of this fundraising round, the company now has a $3 billion valuation. Over 33 investors participated in the latest funding round, including Sequoia Capital, Andreessen Horowitz, BOND, Circle Ventures, Christie's, OpenSea Ventures, and Samsung Next. Related: Uniswa...