LayerZero Labs Ltd. announced that it has received $120 million in a series B round of funding which was led by returning investor, Andreessen Horowitz LLC on April 4, 2023. The transaction includes the participation from new investor Circle Ventures, returning investors, Sequoia Capital Operations LLC, Protofund and Christie's Ventures and from OKX Blockdream Ventures, Samsung NEXT, LLC, Bond Capital Management LP, Franklin Resources, Inc., Global Coin Research, GS Futures, IOBC Capital, K5 Venture Partners, King River Capital Pty. Ltd., Lightspeed Ventures, LLC, Maple VC, Modern Venture Partners, NGC Ventures, Bixin Ventures, Liontari Capital Limited, BPEA EQT, Chapter Two Ventures, Inc., Com2uS Corporation, Ozone Networks, Inc., RBV, OHG, Common_Metal and form individual investor, Sarah Guo.

The round is raised at a post-money valuation of $3000 million.