A16z doubles down on LayerZero with $55M investment

Venture capital firm Andreessen Horowitz, or a16z, announced a $55 million investment in LayerZero, a Web3 company that runs a crosschain messaging protocol. The investment was disclosed in an April 17 X post by Ali Yahya, a general partner in the firm. A16z has made previous investments in LayerZero, including an initial investment in March 2022 and a subsequent investment during LayerZero’s Series B funding round in April 2023. The companies have not disclosed the funding round's valuation source: https://cointelegraph.com/news/a16z-doubles-down-on-layer-zero-commitment-55m-investment?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound