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 Mar 31, 2026, the latest employee count at LayerZero Labs Canada Inc is 167.

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 10 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, Wormhole and Element. 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

LayerZero Labs Canada Inc is a series B company based in Vancouver (Canada), founded in 2021 by Bryan Pellegrino and Ryan Zarick. It operates as an Omnichain interoperability protocol that unites decentralized applications. LayerZero Labs Canada Inc has raised $318M in funding from investors like Andreessen Horowitz, Sequoia Capital and Christie's, with a current valuation of $3B. The company has 36 active competitors, including 10 that are funded. Its top competitors include companies like Axelar, Wormhole and Element.

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 & 54 more

Ranked

1^st among 36 active competitors

Employee Count

167 as on Mar 31, 2026

Investment & Acquisitions

Seismic Systems & 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 55 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 Ryan Zarick. 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
Ryan Zarick: Co-Founder & CTO of LayerZero Labs Canada Inc. They serve on the board of 1 company.

LayerZero Labs Canada Inc's Board of Directors

LayerZero Labs Canada Inc's board has 3 active members. Bryan Pellegrino, Ryan Zarick and Caleb Banister 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 2m
Ryan Zarick	Independent board member	-	Current	4y 1m
Caleb Banister	Independent board member	-	Current	1y 7m

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 167 employees as of Mar 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, Wormhole and Element. 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	ARK Investment Management, Bond Capital & 53 others	70/100
2nd	Axelar 2020, Toronto (Canada), Series B	Online platform for cross-chain communication for web3	$93.7M	Polychain, Olive Tree Capital & 41 others	69/100
3rd	Wormhole 2020, George Town (Cayman Islands), Series D	Generic message-passing protocol that allows interoperability between blockchains	$225M	ParaFi, Multicoin Capital & 9 others	65/100
4th	Element 2016, London (United Kingdom), Series B	Decentralized team messaging app for enterprises	$48.1M	Notion, Protocol Labs & 7 others	57/100
5th	Multichain 2020, Singapore (Singapore), Seed	Protocol system for the multi-chain ecosystem	$60M	Binance, HSG & 10 others	49/100
6th	Sending.Network 2022, New York City (United States), Seed	Online platform offering messaging protocol solutions	$20M	SWC, Symbolic Capital & 4 others	46/100
7th	Zero Tech 2021, San Francisco (United States), Unfunded	Decentralized cryptocurrency messenger platform	-	-	41/100
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	37/100
10th	Zeusnet 2022, Unfunded	Blockchain-based communication management protocol	-	-	35/100

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LayerZero Labs Canada Inc has made 5 investments in companies including Seismic Systems and Kite. 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
Nov 12, 2025	Investments	Seismic Systems	2023	Simi Valley (United States)
Sep 02, 2025	Investments	Kite	2024	San Francisco (United States)
Aug 25, 2025	Acquisition	Stargate	2021	Switzerland

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Media has covered LayerZero Labs Canada Inc for a total of 25 events in the last 1 year, 6 of them have been about company updates and 5 about partnerships.