Official announcement from Layer3 or financial news outlets

Layer3 Secures $21M in Total Funding with $15M Series A Round Ahead of Token Launch and Airdrop

Jun 12, 2024, 03:19 PM

Layer3 has successfully secured a total of $21 million in funding. The latest $15 million Series A round was co-led by ParaFi Capital and Greenfield One, with participation from Electric Capital, Immutable, Lattice Fund, Tioga, LeadBlock, and Amber Group. This follows a previously unannounced strategic round of $3.7 million in 2022 and a $2.5 million round in 2021. Layer3 is focused on building an onchain value distribution platform to serve and connect crypto users who want to explore Web3 in a guided and trusted way. The funding comes ahead of Layer3's token launch and airdrop.