Token distribution protocol Layer3 raises $15 million in Series A funding

Token distribution protocol Layer3 has raised $15 million in Series A funding led by ParaFi and Greenfield Capital, with participation from Electric Capital, Immutable, Lattice, Tioga, LeadBlock, Amber, and others. Layer3 also revealed its previously unannounced $3.7 million strategic funding round, which was raised by Electric, ParaFi, Polygon's Sandeep Nailwal, and others in 2022. The Series A funding brings Layer3's total funding to $21.2 million, and the company also raised $2.5 million in 2021.