When was LayerZero Labs Canada Inc founded?

LayerZero Labs Canada Inc was founded in 2021 and became a unicorn in 2022.

Where is LayerZero Labs Canada Inc located?

LayerZero Labs Canada Inc is headquartered in Vancouver, Canada.

Who is the current CEO of LayerZero Labs Canada Inc?

Bryan Pellegrino of LayerZero Labs Canada Inc. They have also founded 2 companies and are angel investors in 5 startups, including OpenToken.

How many employees does LayerZero Labs Canada Inc have?

As of May 31, 2026, the latest employee count at LayerZero Labs Canada Inc is 172.

Is LayerZero Labs Canada Inc a funded company?

LayerZero Labs Canada Inc is a funded company, having raised a total of $318M across 7 funding rounds to date. The company's 1st funding round was a $2M Seed round, raised on Apr 2021.

How much is LayerZero Labs Canada Inc worth?

The latest valuation of LayerZero Labs Canada Inc is $3B as of Apr 04, 2023.

When was the latest funding round of LayerZero Labs Canada Inc?

LayerZero Labs Canada Inc's latest funding was a Series B round on Feb 11, 2026, with participation from 1 investor.

Is LayerZero Labs Canada Inc a Blockchain Infrastructure company?

The primary sector of LayerZero Labs Canada Inc is Blockchain Infrastructure.

Where does LayerZero Labs Canada Inc rank among its competitors?

LayerZero Labs Canada Inc ranks 1st amongst 36 active competitors, of which 11 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was LayerZero Labs Canada Inc, which secured an undisclosed amount in Feb, 2026.

Who are the top competitors of LayerZero Labs Canada Inc?

LayerZero Labs Canada Inc's top competitors include Axelar, Element and Wormhole. Among them, LayerZero Labs Canada Inc secured the most recent funding round in February, 2026.

LayerZero Labs Canada Inc - 2026 Company Profile, Team, Funding & Competitors

Sectors and market segments that LayerZero Labs Canada Inc operate in

LayerZero Labs Canada Inc serves in the High Tech, Blockchain Technology market segments.The primary business model of LayerZero Labs Canada Inc are:

Company Details

Omnichain interoperability protocol that unites decentralized applications. It enables the secure movement of messages and fungible tokens between several blockchains without the need for asset wrapping, middle chains, or liquidity pools.

Website: layerzero.network
Social
Email ID: *****@layerzero.network

Key Metrics

Founded Year

2021

Location

Vancouver, Canada

Stage

Series B

Total Funding

$318M in 7 rounds

Latest Funding Round

Series B, Feb 11, 2026, Undisclosed

Post Money Valuation

$3B as on Apr 04, 2023

Investors

Andreessen Horowitz & 53 more

Ranked

1^st among 36 active competitors

Employee Count

172 as on May 31, 2026

Investment & Acquisitions

Robin Markets & 5 more

Similar Companies

Axelar & 38 more

View LayerZero Labs Canada Inc's full profile

LayerZero Labs Canada Inc is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
LAYERZERO ANALYTICS LTD CIN: 14426453 , United Kingdom, Active	Oct 17, 2022	-	4 (As on Mar 31, 2025)
LAYERZERO LABS CANADA INC. CIN: 1355847-9 , Canada, Active	Nov 29, 2021	-	-	-

LayerZero Labs Canada Inc has raised a total funding of $318M over 7 rounds. Its first funding round was on Apr 2021. Its latest funding round was a Series B round on Feb 11, 2026 for an undisclosed amount. 1 investor participated in its latest round. LayerZero Labs Canada Inc has 54 institutional investors.

Here is the list of recent funding rounds of LayerZero Labs Canada Inc:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 11, 2026	Undisclosed	Series B	-	-	-	Tether
Apr 17, 2025	$55M	Series B	-	-	-	Andreessen Horowitz, Circle, OKX, Sequoia Capital, OpenSea
Jul 23, 2024	$30K	ICO	-	-	-	-

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View details of LayerZero Labs Canada Inc's funding rounds and investors

The founders of LayerZero Labs Canada Inc are Bryan Pellegrino and Caleb Banister. Bryan Pellegrino is the CEO of LayerZero Labs Canada Inc.

Here are the details of LayerZero Labs Canada Inc's key team members:

Bryan Pellegrino: Co-Founder & CEO of LayerZero Labs Canada Inc and founder of 1 other company. They are also an angel investor in 5 startups and serve on the board of 1 company.
Contact Info: 1 email address
Caleb Banister: Co-Founder of LayerZero Labs Canada Inc. They serve on the board of 1 company.
Contact Info: 1 email address

LayerZero Labs Canada Inc's Board of Directors

LayerZero Labs Canada Inc's board has 3 active members. Bryan Pellegrino, Caleb Banister and Ryan Zarick are independent board members.

Here is the list of LayerZero Labs Canada Inc's board of directors:

Name	Type	Representing	Status	Duration
Bryan Pellegrino	Independent board member	-	Current	4y 6m
Caleb Banister	Independent board member	-	Current	1y 11m
Ryan Zarick	Independent board member	-	Current	4y 5m

View details of LayerZero Labs Canada Inc's Founder profiles and Board Members

LayerZero Labs Canada Inc's employee count trend

LayerZero Labs Canada Inc has 172 employees as of May 26. Here is LayerZero Labs Canada Inc's employee count trend over the years:

Employee count trend for LayerZero Labs Canada Inc

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Top competitors of LayerZero Labs Canada Inc include Axelar, Element and Wormhole. Here is the list of Top 10 competitors of LayerZero Labs Canada Inc, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	LayerZero Labs Canada Inc 2021, Vancouver (Canada), Series B	Omnichain interoperability protocol that unites decentralized applications	$318M	Tiger Global Management, Bond Capital & 52 others	70/100
2nd	Axelar 2020, Toronto (Canada), Series B	Online platform for cross-chain communication for web3	$93.7M	Polychain, DCVC & 41 others	68/100
3rd	Element 2016, London (United Kingdom), Series B	Decentralized team messaging app for enterprises	$48.1M	Automattic, Notion & 7 others	67/100
4th	Wormhole 2020, George Town (Cayman Islands), Series D	Provider of blockchain interoperability platform	$225M	Brevan Howard, ParaFi & 9 others	65/100
5th	Multichain 2020, Singapore (Singapore), Seed	Cross-chain router protocol for businesses	$60M	Binance, HSG & 10 others	49/100
6th	Sending.Network 2022, New York City (United States), Seed	Online platform offering messaging protocol solutions	$20M	Yield Guild, Symbolic Capital & 4 others	48/100
7th	Zero Tech 2021, San Francisco (United States), Unfunded	Decentralized cryptocurrency messenger platform	-	-	40/100
8th	Whisper 2020, South Korea, Unfunded	Blockchain-based messenger platform for wallets	-	-	40/100
9th	Glacis Labs 2024, New York City (United States), Seed	A router and firewall for cross-chain messages	$2M	Arrington Capital, Paper Ventures & 3 others	39/100
10th	Wormhole 2022, George Town (Cayman Islands), Unfunded	Decentralized messaging protocol and blockchain development platform	-	-	37/100

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LayerZero Labs Canada Inc has made 5 investments in companies including Robin Markets and Seismic Systems. LayerZero Labs Canada Inc has also acquired 1 companies including Stargate.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Apr 24, 2026	Investments	Robin Markets	2024	-
Nov 12, 2025	Investments	Seismic Systems	2023	Simi Valley (United States)
Sep 02, 2025	Investments	Kite	2020	San Francisco (United States)

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See all investments by LayerZero Labs Canada Inc

Media has covered LayerZero Labs Canada Inc for a total of 31 events in the last 1 year, 10 of them have been about company updates and 6 about partnerships.