Layer1, a San Francisco, CA-based crypto investment and infrastructure platform, closed $2.1M seed funding.
Backers included Peter Thiel, Digital Currency Group, Jeffrey Tarrant, and more.
The company intends to use the funds to expand operations.
Led by co-founder Alexander Liegl, Layer1 is a cryptoasset investment and infrastructure platform that takes concentrated bets on promising blockchain protocols and builds critical technology to support their global impact. The company invests in cryptoassets that focus on becoming programmable money with the potential for massive value creation.
It is currently involved with a promising privacy-focused cryptocurrency called Grin and intends to build critical technology to support its growth. Launching in early 2019, Grin is highly scalable with strong privacy features.