# LayerZero Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/layerzero-labs

- Industry: Software
- Headquarters: Hong Kong SAR - China
- Website: www.layerzero.network/
- Total disclosed funding: $230M
- Latest round: Series B (Apr 4, 2023)
- Investors on record: 26

## About

Founded in 2021 and based in Hong Kong, LayerZero Labs Ltd. offers a User Application (UA) configurable on-chain endpoint that allows users to transfer messages between on-chain endpoints. The company was co-founded by Bryan Pellegrino and Ryan Zarick. In February 2026, LayerZero Labs Ltd. raised venture funding from Tether Ventures. The company offers a User Application (UA) configurable on-chain endpoint that provides an online solution helping the transfer of messages between on-chain endpoints, the Oracle and the Relayer. The firm’s solution connects various blockchains by passing messages between chains instead of centralizing security around a single hub and decreasing the chances of failed transactions. The company will use the February 2026 funding to develop an efficient and secure cross-chain technology.

## Funding rounds

- Series B, Apr 4, 2023, $89M — Lightspeed Venture Partners, Hong Shan, Andreessen Horowitz, Samsung NEXT Ventures, Bond, Circle Ventures, OpenSea Ventures, Christie’s Ventures, OKX Ventures
- Series B, Mar 30, 2022, $135M — Hong Shan, Tiger Global Management, Andreessen Horowitz, Coinbase Ventures, PayPal Ventures, Uniswap, FTX Ventures
- Series A, Sep 16, 2021, $6.3M — The Spartan Group, Multicoin Capital, Binance Asia Services Pte. Ltd., Echelon Capital, Protocol Ventures, Robot Ventures, Delphi Digital, Defiance Ventures, Hypersphere Ventures, Ryze Labs, Genblock Capital, High Naut Capital

## Investors

- The Spartan Group — Series A
- Multicoin Capital (https://capitalatlas.ai/funds/multicoin-capital) — Series A
- Binance Asia Services Pte. Ltd. — Series A
- Echelon Capital (https://capitalatlas.ai/funds/echelon-capital) — Series A
- Protocol Ventures — Series A
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Series A
- Delphi Digital — Series A
- Defiance Ventures (https://capitalatlas.ai/funds/defiance-ventures) — Series A
- Hypersphere Ventures (https://capitalatlas.ai/funds/hypersphere-ventures) — Series A
- Ryze Labs (https://capitalatlas.ai/funds/ryze-labs) — Series A
- Genblock Capital (https://capitalatlas.ai/funds/genblock-capital) — Series A
- High Naut Capital (https://capitalatlas.ai/funds/high-naut-capital) — Series A
- Hong Shan — Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series B
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series B
- PayPal Ventures (https://capitalatlas.ai/funds/paypal-ventures) — Series B
- Uniswap — Series B
- FTX Ventures (https://capitalatlas.ai/funds/ftx-ventures) — Series B
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series B
- Samsung NEXT Ventures (https://capitalatlas.ai/funds/samsung-next-ventures) — Series B
- Bond (https://capitalatlas.ai/funds/bond) — Series B
- Circle Ventures — Series B
- OpenSea Ventures (https://capitalatlas.ai/funds/opensea-ventures) — Series B
- Christie’s Ventures (https://capitalatlas.ai/funds/christie-s-ventures) — Series B
- OKX Ventures (https://capitalatlas.ai/funds/okx-ventures) — Series B