Layer3 - About the company
Layer3 is a series A company based in Washington, DC (United States), founded in 2021 by Brandon Kumar and Dariya Khojasteh. It operates as a Provider of cryptocurrency wallet and task platform for discovering blockchain applications and earning rewards. Layer3 has raised $26.8M in funding from ParaFi and Greenfield Capital. The company has 112 active competitors, including 22 funded and 1 that has exited. Its top competitors include companies like OrangeDAO, Opentrade and VitaDAO.
Company Details
Provider of cryptocurrency wallet and task platform for discovering blockchain applications and earning rewards. it combines wallet functionality for trading and staking with gamified social features that let users compete with friends, track streaks, and build reputation through onchain activity. It enables users to earn crypto by investing in DAO. Enables anyone, anywhere, to contribute to Web3. Provides a marketplace where users can earn ownership (through governance tokens) by completing work. It features tools for discovering a community, contributing, claiming, and verifying the task.
Key Metrics
Founded Year
2021
Location
Washington, DC, United States
Stage
Series A
Total Funding
$26.8M in 4 rounds
Latest Funding Round
Ranked
10th among 112 active competitors
Employee Count
25 as on Aug 31, 2026
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Layer3's funding and investors
Layer3 has raised a total funding of $26.8M over 4 rounds. Its first funding round was on 2021. Layer3 has 11 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Layer3:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 30, 2024 | 4359594 | ICO | 3470368 | 5968126 | 7211589 | 5771638 |
May 21, 2024 | 5116634 | Series A | 6266136 | 3093762 | 1137787 | |
2022 | 5996 | Seed | 5901 | 9901 |
View details of Layer3's funding rounds and investors
Layer3's founders and board of directors
Founder? Claim ProfileThe founders of Layer3 are Brandon Kumar and Dariya Khojasteh.
Here are the details of Layer3's key team members:
- Brandon Kumar: Co-Founder of Layer3. They are also an angel investor in 2 startups.
- Dariya Khojasteh: Co-Founder of Layer3.
View details of Layer3's Founder profiles and Board Members
Layer3's employee count trend
Layer3 has 25 employees as of Aug 26. Here is Layer3's employee count trend over the years:
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Layer3's Competitors and alternates
Top competitors of Layer3 include OrangeDAO, Opentrade and VitaDAO. Here is the list of Top 10 competitors of Layer3, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | OrangeDAO 2021, San Francisco (United States), Series C | DAO protocol focused on the future of crypto | $80M | 60/100 | |
2nd | Opentrade 2023, London (United Kingdom), Series B | Provider of stablecoin infrastructure and yield products | $30M | 57/100 | |
3rd | Online platform for collective funding and advancing longevity research | $4.6M | 55/100 | ||
4th | The Arbitrum Foundation 2023, George Town (Cayman Islands), Unfunded | Decentralized autonomous organization for Arbitrum | - | - | 51/100 |
5th | Mantle Network 2019, Panama City (Panama), Funding Raised | Decentralized platform offering blockchain infrastructure solutions | - | - | 50/100 |
6th | DAO that creates value for investors and players in blockchain gaming and metaverse | - | 47/100 | ||
7th | Duckdao 2020, St Gallen (Switzerland), Funding Raised | - | - | 47/100 | |
8th | Provider of platform connecting machine learning models to business applications | $10M | 47/100 | ||
9th | Seed Club 2020, George Town (Cayman Islands), Funding Raised | Venture capital-backed accelerator focused on tokenized communities | - | 43/100 | |
10th | Layer3 2021, Washington, DC (United States), Series A | Provider of cryptocurrency wallet and task platform for discovering blockchain applications and earning rewards | $26.8M | 43/100 |
Looking for more details on Layer3's competitors? Click here to see the top ones
Layer3's Investments and acquisitions
Layer3 has made no investments or acquisitions yet.
Reports related to Layer3
Here is the latest report on Layer3's sector:
News related to Layer3
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Layer3 Expands to Solana, Offering Consumer Hub with $L3 UtilityBitcoin Ethereum News•Oct 09, 2024•Layer3, Solana
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Layer3 Unveils L3 Claim Launch: Token Distribution Set to Begin July 30Coinspeaker•Jul 29, 2024•Layer3
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Layer3 XYZ has filed a notice of an exempt offering of securities to raise $24,542,970.00 in New Equity Investment.intelligence360•Jun 27, 2024•Layer3
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Layer3 Raises $15M in Series A Funding for Development of Omnichain Identity and Distribution ProtocolCoinTime•Jun 17, 2024•Layer3, ParaFi, Greenfield Capital
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Layer3 Secures $20M In FundingCryptoMode•Jun 12, 2024•Layer3, ParaFi, Greenfield Capital, Electric Capital and 15 others
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Layer3 Launches Native Bridge Aggregator: The Ultimate Cross-Chain SolutionCoincu Financial Group•Jul 06, 2023•Layer3
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