0x Labs raises $70M Series B led by Greylock to continue expanding Web3’s core exchange infrastructure

To onboard the next 100x wave of users, businesses, and institutions, 0x Labs is expanding its team and products.

Published on
April 26, 2022
0x Labs raises $70M Series B led by Greylock to continue expanding Web3’s core exchange infrastructure

We are excited to share that 0x Labs has raised $70M in a Series B round led by Greylock with participation from Pantera, Sound Ventures, A.Capital, Jump Crypto, OpenSea, Coinbase, Brevan Howard, IOSG Ventures, Reid Hoffman, and Jared Leto.

“0x Labs helps businesses eliminate the complexity of accessing decentralized markets across all layers of the Web3 exchange stack. We provide solutions that can be used to easily incorporate exchange functionality for all tokenized assets, including cryptocurrencies, DeFi tokens, and NFTs, at the best prices and with the lowest transaction costs. By using 0x technology, businesses will have more time to focus on what matters: their product.”

- Amir Bandeali, Co-founder and Co-CEO of 0x Labs

The injection of funding will fuel the expansion of the 0x Labs team and its product and service offerings, including Matcha, the search engine for tokens; 0x Swap API, supplying multi-chain aggregated liquidity as a service; and 0x Protocol, the open-source, global backbone for decentralized exchange. Most importantly, the funding will allow 0x Labs to continue marching towards 0x’s vision of building a tokenized world where all value can flow freely.

All verticals of Decentralized Exchange exploded in 2021. What’s exciting is that we are still very early on the DEX adoption curve. 0x Labs is at the forefront of that development and is perfectly positioned to lead the Web3 charge as more and more value is tokenized and needs a standard to be moved and exchanged. The 0x Labs team has been around since the early days of Ethereum and play such a significant role in the broader Web3 ecosystem. We are really excited to work with the 0x Labs team as they level up Web3.

- Sarah Guo, Partner at Greylock
0x Labs joins Greylock's esteemed portfolio of companies.

0x currently supports 7 major blockchains: Ethereum, Polygon, Fantom, Avalanche, Optimism, BNB Chain, and Celo, and the 0x ecosystem has been rapidly expanding. With integrations across all of the top wallets and apps, including MetaMask, Coinbase Wallet and Coinbase NFT, Polygon Wallet, Brave, Matcha, dYdX, Zapper, Zerion, and Shapeshift, 0x is fast becoming the trusted standard for all decentralized exchange.

“We put our ecosystem of integrators first, because if they succeed, we all succeed. Many of the top crypto companies already use and trust 0x, and we're ready to take the next big step in our mission by onboarding the next 100x wave of users, businesses, and institutions to Web3.”

- Will Warren, Co-founder and Co-CEO of 0x Labs

To date, 0x has enabled over $158B in tokenized value to flow across 43M+ trades, and there are 3.5M+ users across all wallets and app integrations using 0x for decentralized exchange of tokenized assets.

Want to join 0x Labs and help build a tokenized world?

0x Labs has a mission-driven and diverse team composed of top-tier talent from Coinbase, Google, Meta, Bitso, Microsoft, Citi, Spotify and other top companies. The company is remote-first and fully distributed, with team members located across Africa, Asia, Australia, Europe, North American, and South America. Early pioneers in the space, 0x Labs has made significant technical contributions to various Ethereum standards over the years, including helping to establish the NFT token standard (ERC721).

If you're interested in joining 0x Labs to build a tokenized world where all value can flow freely, check out all the open roles at 0x.org and apply today!