LayerZero Labs develops a lightweight interoperability protocol that connects blockchains without relying on wrapped assets, middle chains, or pooled liquidity. Its architecture enables developers to build decentralized applications that communicate natively across chains, improving security, efficiency, and scalability.
The protocol is widely used by Web3 developers building cross-chain applications, exchanges, and infrastructure tools.
What Is LayerZero Labs Canada Inc and What Does It Do?
LayerZero Labs Canada Inc, founded in 2021, is a Vancouver-based blockchain infrastructure company focused on omnichain interoperability.
The company builds a protocol that allows decentralized applications to securely move messages and fungible tokens between blockchains without compromising decentralization.
LayerZero Labs Canada Inc employs 1-10 employees, operating as a highly specialized infrastructure-focused team.
How Much Funding Has LayerZero Labs Canada Inc Raised?
1. Seed Round
- Amount Raised: $2M
- Date: April 2021
- Motivation: To build the initial omnichain messaging protocol.
2. Series A
- Amount Raised: $6.3M
- Date: September 2021
- Lead Investors: Multicoin Capital
- Motivation: To expand developer adoption and protocol security.
3. Series B
- Amount Raised: $135M
- Date: March 2022
- Lead Investors: Sequoia Capital, Andreessen Horowitz
- Motivation: To scale omnichain infrastructure and ecosystem integrations.
4. Series B
- Amount Raised: $120M
- Date: April 2023
- Lead Investors: Andreessen Horowitz, Sequoia Capital
- Motivation: To strengthen enterprise partnerships and protocol reliability.
5. ICO
- Amount Raised: $30K
- Date: July 2024
- Motivation: Limited token distribution activity.
6. Series B
- Amount Raised: $55M
- Date: April 2025
- Lead Investors: Andreessen Horowitz
- Motivation: To expand omnichain adoption and developer tooling.
Total Funding Raised: $318 Million
Current Valuation: $3 Billion (as of April 2023)
Latest Funding Date: April, 2025
Key Investors
1. Andreessen Horowitz
- Details: Silicon Valley venture capital firm backing foundational Web3 and software platforms.
- Investment Focus Areas: Blockchain, crypto, enterprise software.
- Notable Investments: LayerZero Labs, Coinbase, OpenSea, Uniswap.
2. Sequoia Capital
- Details: Global venture capital firm supporting companies from early stage to IPO.
- Investment Focus Areas: Technology, blockchain, consumer internet.
- Notable Investments: LayerZero Labs, Stripe, Airbnb, WhatsApp.
3. Circle Ventures
- Details: Strategic investment arm of Circle, focusing on crypto and Web3 infrastructure.
- Investment Focus Areas: Stablecoins, blockchain infrastructure, fintech.
- Notable Investments: LayerZero Labs, Coinbase, BlockFi.
4. Bond Capital
- Details: Growth-stage investment firm focused on technology-led platforms.
- Investment Focus Areas: Internet platforms, fintech, blockchain.
- Notable Investments: LayerZero Labs, Stripe, TikTok.
Where Is LayerZero Labs Canada Inc’s Headquarters?
LayerZero Labs Canada Inc is headquartered in Vancouver, Canada, a growing hub for blockchain infrastructure and Web3 innovation.
What’s Next for LayerZero Labs Canada Inc?
LayerZero Labs is positioned to become core infrastructure for omnichain applications as demand for cross-chain liquidity and messaging grows. Future priorities include expanding validator support, increasing protocol security, and onboarding enterprise-grade Web3 use cases across DeFi, gaming, and NFTs.
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