# Layer1 funding: rounds and investors

> Layer1 has raised $52M across 2 rounds since 2018. Investors include Peter Thiel, Digital Currency Group and Jeffrey Tarrant. Every round with its source.

Source: https://millionrounds.com/company/layer1 (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Layer1*

2 rounds we have observed, with the 3 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Web3 & Crypto

Funding summary Updated 26 Oct 2026

**$52M** raised across 2 rounds since 2018, from 2 sources

**$2.1M** Seed **$50M** Round

- **Latest round:** Round, $50M Oct 2019
- **Step-up i:** 23.8×
- **Investors:** 3

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019

**$2.1M** Seed

**$50M** Round

- **First round:** Seed, $2.1M
- **Biggest round:** $50M
- **Between rounds:** 10 months

## The rounds

- **Oct 2019** Round **$50M** *1 returning* [Peter Thiel](https://millionrounds.com/fund/peter-thiel) Reported by Fortune SEC filing: $24M sold, first sale Oct 2019
- **Dec 2018** Seed **$2.1M** *3 new* [Digital Currency Group](https://millionrounds.com/fund/digital-currency-group) [Peter Thiel](https://millionrounds.com/fund/peter-thiel) [Jeffrey Tarrant](https://millionrounds.com/fund/jeffrey-tarrant) Reported by FinSMEs

## Founders and team

From Layer1's own website: 3 founders, 7 on the team.

**Jesse Hemson-Struthers** Co-Founder & Chief Executive Officer

**Chris Harmse** Co-Founder & Chief Business Officer

**Donald Jackson** Co-Founder & Chief Technology Officer

- **Amit Cheela** Chief Executive Officer US
- **Chris Halbert** Chief Financial Officer
- **Emma Mayer** Chief Marketing Officer
- **Phil Doyle** Chief Compliance Officer
- **Darren Palmer** VP Product
- **Nikita Knezovich** VP People & Talent
- **Tina Meschino** General Counsel

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2018 **Round** 2019 [Peter Thiel](https://millionrounds.com/fund/peter-thiel) [Digital Currency Group](https://millionrounds.com/fund/digital-currency-group) [Jeffrey Tarrant](https://millionrounds.com/fund/jeffrey-tarrant)

## Everyone who backed them

[Peter Thiel](https://millionrounds.com/fund/peter-thiel) Angel **2** rounds

[Digital Currency Group](https://millionrounds.com/fund/digital-currency-group) VC firm **1** round

[Jeffrey Tarrant](https://millionrounds.com/fund/jeffrey-tarrant) Angel **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=layer1).

## Also claim to have backed them

This firm lists Layer1 as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Yang Ventures](https://millionrounds.com/fund/yang-ventures) VC firm Per its own site

## Quick answers about Layer1

### Who invested in Layer1?

Layer1's investors include Peter Thiel, Digital Currency Group and Jeffrey Tarrant.

### How much has Layer1 raised?

Layer1 has raised $52M across 2 rounds since 2018.

### When did Layer1 last raise?

Layer1's most recent round was an Undisclosed round of $50M in Oct 2019.

### What was Layer1's biggest round?

Its most recent round, $50M in Oct 2019, is also its largest on record.

### Who backed Layer1 first?

Layer1's first round on record, in Dec 2018, was backed by Digital Currency Group, Peter Thiel and Jeffrey Tarrant.

### What stage is Layer1 at?

Layer1's latest named round is an Undisclosed round, in Oct 2019.

### Where is Layer1 based?

Layer1 is based in the United States.

## Companies like Layer1

In the same sector, and raised in the last eighteen months.

[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Arda** $233M · Oct 2026](https://millionrounds.com/company/arda)[**Binance.US** $300M · Oct 2026](https://millionrounds.com/company/binance-us)[**Fission** $10M · Oct 2026](https://millionrounds.com/company/fission)[**Ramp** $4.5B · Oct 2026](https://millionrounds.com/company/ramp)

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