What is Layer3?
Layer3 provides a comprehensive wallet solution designed to empower users in exploring and participating in the onchain economy. The platform offers a suite of features including wallet creation, curated onchain activations, and rewards for task completion, catering to both individual users and businesses seeking to drive onchain growth and engagement. By enabling discovery, trading, staking, and earning within the crypto space, Layer3 positions itself as a key enabler for broader adoption of Web3 technologies. Its services are trusted by prominent entities such as Optimism and Robinhood, underscoring its role in fostering user activity and value creation in the decentralized ecosystem.
How much funding has Layer3 raised?
Layer3 has raised a total of $17.5M across 2 funding rounds:
Angel/Seed
$2.5M
Series A
$15M
Angel/Seed (2021): $2.5M with participation from 6th Man Ventures, Red Beard Ventures, Electric Capital, Parafi Capital, Lattice Capital, and Mirana Ventures
Series A (2024): $15M led by Lattice Capital, Tioga Ventures, Greenfield Capital Group, Electric Capital, Parafi Capital, Immutable, and LeadBlock Partners
Key Investors in Layer3
6th Man Ventures
6th Man Ventures is a venture capital firm that partners with innovative founders to build transformative companies, particularly in the blockchain application layer and adjacent technologies. They focus on investing in N of 1 founders and provide funding typically ranging from $2 to $5 million.
Electric Capital
Electric Capital is focused on investing in the next generation of iconic founders within the Web3 and crypto space. The company emphasizes a unique investment approach that combines technical depth with insights into protocol design and security.
Parafi Capital
ParaFi Capital is a leading digital asset investment firm focused on blockchain and an early pioneer within decentralized finance. The Firm invests across three main strategies: public and private crypto assets, systematic credit and market neutral DeFi strategies, and blockchain-focused venture capital and growth equity investing.
What's next for Layer3?
With its recent major strategic investment, Layer3 is poised for significant expansion and development. This capital infusion is expected to fuel further innovation in its platform features, enhance user acquisition strategies, and potentially broaden its market reach. The company's focus on simplifying onchain interactions and providing tangible rewards suggests a strategy aimed at onboarding a wider audience into the Web3 space. Future growth will likely involve deepening partnerships, expanding its ecosystem integrations, and continuing to build out its robust wallet and engagement tools to solidify its position as a leader in the onchain economy.
See full Layer3 company page
