a16z Invests Another $55 Million in LayerZero with a 3-Year Lock-Up Period

a16z General Partner Ali Yahya tweeted that a16z has made an additional investment of $55 million in LayerZero's token ZRO, with a lock-up period of 3 years. Currently, ZRO is priced at $2.5, up 5.7% in the past 24 hours, with an FDV of $2.5 billion; its previous highest price was $7.1.

According to RootData, in April 2023, a16z led a $120 million funding round for LayerZero, valuing the company at $3 billion.

In March 2022, a16z also led a $135 million funding round for LayerZero, which valued the company at $1 billion.