Orrick Represents PayPal Ventures on Investment in LayerZero Labs

April.13.2022

Orrick advised PayPal Ventures on its investment in the $135 million Series B financing of LayerZero Labs, a Canada-based company that is developing a protocol which aims to connect decentralized applications across multiple blockchains such as Bitcoin, Ethereum and Solana. The investment was co-led by Sequoia Capital, Andreessen Horowitz and FTX Ventures. Other investors included PayPal Ventures, Coinbase Ventures, Tiger Global and Uniswap Labs.

The Orrick team was led by M&A and Private Equity partner Jeannie Shin and included Tax partner Eric Wall, M&A and Private Equity partner Jeanine McGuinness, Technology Transactions partner Rob Parr, Cyber, Privacy and Data Innovation partner Shannon Yavorsky, Blockchain/Crypto Counsel Mark Janoff, Technology Companies Group managing associate Jessica Kim, Technology Transactions managing associate Rob Hoy and Cyber, Privacy and Data Innovation associate Ryan McKenney.