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Top related persons:
Dado Ruvic - 1 Tal Elyashiv - 1 Crypto - 1 Cameron Peake - 1 Adam Reeds - 1 Alyse Killeen - 1 Medha Singh - 1 Lisa Pauline Mattackal - 1
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Toronto Bengaluru
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REUTERS - 1 Arrows Capital - 1 Restive Ventures - 1 LayerZero - 1 Thomson - 1

Search resuls for: "LayerZero"


2 mentions found


☆ Cryptoverse: Venture capital still haunted by crypto chaos
  + stars: | 2023-09-05 | by ( Lisa Pauline Mattackal Medha Singh | Lisa Pauline Mattackal | Medha Singh | ) www.reuters.com   time to read: +4 min
While breezy bitcoin has bounced back, leaping by about 55% this year, investments in crypto startups have dropped for the fifth straight quarter. VC crypto bets totaled just under $2.3 billion in April-July this year, the lowest quarterly level for over three years, according to data firm PitchBook. In the first half of 2023, investments were down by almost three-quarters from a year ago to $5 billion. Those that are raising capital now are probably doing it because they have to," said Adam Reeds, CEO of Toronto-based crypto finance company Ledn. VC crypto investments have correlated with crypto asset prices with a lag of roughly three to six months, according to PitchBook, and if current trends continue, VC investment would rise during the second half of 2023.
Persons: Dado Ruvic, Tal Elyashiv, Crypto, Cameron Peake, Adam Reeds, Alyse Killeen, Medha Singh, Lisa Pauline Mattackal, Tom Wilson, Pravin Organizations: REUTERS, Arrows Capital, Restive Ventures, LayerZero, Thomson, Reuters Locations: Toronto, Bengaluru
☆ LayerZero Labs valued at $3 billion after latest fund-raise
  + stars: | 2023-04-04 | by ( ) www.reuters.com   time to read: +1 min
April 4 (Reuters) - LayerZero Labs said on Tuesday that it has raised $120 million in an early stage funding round, that has tripled the blockchain messaging protocol's valuation to $3 billion. The 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. In February, Via said it bagged a valuation of $3.5 billion after a funding round led by 83North. Last year, the New York-based blockchain infrastructure provider had raised $135 million in a funding round led by Sequoia Capital, FTX Ventures among others that valued it at $1 billion. 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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