At Web Summit Vancouver, LayerZero CEO Bryan Pellegrino recounted his company’s rapid ascent—from startup to $3.2B valuation in just 18 months. Rooted in conviction, rigorous preparation, and in-person collaboration, the company’s success stems from a decade of teamwork among co-founders.
Pellegrino emphasized strategic restraint in fundraising, citing investor demand as a key driver. Eight term sheets in eight days led to backing from Sequoia and Andreessen Horowitz. With billions in assets flowing weekly, the Vancouver-based firm is now pursuing long-term growth. Mayor Ken Sim hailed LayerZero’s impact on the city’s economy and blockchain ecosystem.
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