Layer 2 Labs builds drivechains and other sidechain technologies to enable features currently available only on altcoin networks. The company’s core product work focuses on implementing innovative sidechain systems that interact with Bitcoin to expand functionality and UX. Leadership is led by CEO and founder Paul Sztorc, a long‑time Bitcoin researcher who has worked on drivechains since 2015; the founding team also includes Bitcoin Core contributor CryptAxe and former Kraken engineer Austin Alexander. Layer 2 Labs raised a $3 million seed round from angel investors to fund development and deployment efforts. The team says drivechains could enable capabilities like zero‑knowledge proofs and prediction‑market functionality on Bitcoin. Management positions this technology as a way to increase bitcoin adoption and potentially reduce reliance on altcoins.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2022