Showing 2 Result(s)

LayerZero Labs seeks backing that would triple its valuation to $3 billion

LayerZero Labs, developer of a protocol focused on improving the flow of assets between different blockchains, is seeking additional funding just a few months after its last raise. The Vancouver-based company has held talks with various investors in recent weeks about raising fresh funds at a valuation of $3 billion, according to people familiar with the matter. It announced a $135 million raise at a $1 billion valuation less than two months ago. One person close to the talks said …

Mina Ecosystem raises $92 million from Three Arrows, FTX and others

The Mina Ecosystem, a group representing several teams behind the privacy-focused blockchain protocol Mina, has raised $92 million in a token sale and plans to use the funds to attract more software developers. Three Arrows Capital and FTX Ventures co-led the raise, with Alan Howard, Brevan Howard, Amber Group, Blockchain.com, Circle Ventures, Pantera Capital and others participating, according to a statement from the Mina Ecosystem today.  The Mina Ecosystem is a collective involving several groups, including the Mina Foundation, Evan Shapiro, …