FTX Ventures, Uniswap, Coinbase Ventures and PayPal Ventures helped boost the blockchain technology developer’s valuation to $1bn.

Canada-based blockchain technology developer LayerZero Labs secured $135m yesterday in a funding round co-led by cryptocurrency exchange FTX’s corporate venturing unit, FTX Ventures, at a valuation of $1bn.

The round was co-led with Sequoia Capital and Andreessen Horowitz and included cryptocurrency exchange Coinbase, payment processor PayPal, blockchain technology developer Uniswap Labs, Tiger Global Management and unnamed others. Coinbase and PayPal took part through respective subsidiaries Coinbase Ventures and PayPal Ventures.

Founded in 2021, LayerZero Labs is the creator of an…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.