Blockchain firm LayerZero Labs raised $120 million

LayerZero Labs, the New York-based blockchain infrastructure provider, has raised $120 million in an early stage funding round.
Dollar spending on technologyThe Series B fund-raise saw participation from 33 investors, including a16z crypto, Christie’s, Circle Ventures, OpenSea Ventures, Samsung Next, and Sequoia Capital, amongst others.

LayerZero plans to use the funds to increase headcount as well as deepen its presence in the APAC region, according to its statement.

Last year, LayerZero Labs raised $135 million in a funding round led by Sequoia Capital, FTX Ventures among others.

LayerZero Labs allows decentralized apps build across multiple blockchains. It has received backing from some of the strongest crypto-focused companies in the entire world, including Binance, Blockdaemon, Christie’s, Circle Ventures, Coinbase, OpenSea Ventures, and many more.

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