
PANews|Apr 18, 2025 00:45
A16z announces another $55 million investment in LayerZero
Ali Yahya, the general partner of a16z, announced that the company has invested an additional $55 million to purchase ZRO tokens for the cross chain messaging protocol LayerZero, with a 3-year lock up period
A16z has previously invested in LayerZero, including its initial investment in March 2022 and subsequent investments during LayerZero's Series B funding in April 2023. The two companies have not disclosed the valuation of this round of financing.
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