Add-on Acquisition • Information Technology

Prophecy DeFi Acquires Layer2

On July 9, 2021, Prophecy DeFi acquired information technology company Layer2

Acquisition Context

This is Prophecy DeFi’s 1st transaction in the Information Technology sector.
This is Prophecy DeFi’s 1st transaction in Canada.
This is Prophecy DeFi’s 1st transaction in Ontario.

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M&A Deal Summary
Date	July 9, 2021
Target	Layer2
Sector	Information Technology
Buyer(s)	Prophecy DeFi
Deal Type	Add-on Acquisition

Target Company

Layer2

Toronto, Ontario, Canada

Layer2 is focused on accelerating the development of the DeFi industry on scalable blockchains by providing early-stage liquidity to the most promising DeFi projects. Layer2 is based in Toronto, Ontario.

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Buyer Overview 1

Buyer

Prophecy DeFi

Toronto, Ontario, Canada

Category	Company
Sector	Business Services

DESCRIPTION

Prophecy DeFi brings together technology start-ups in the Blockchain and DeFi sectors to fund innovation, elevate industry research, and create new business opportunities in a coherent ecosystem. Prophecy DeFi is based in Toronto, Ontario.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Information Technology	1 of 1
Type: Add-on Acquisition	1 of 1
State: Ontario	1 of 1
Country: Canada	1 of 1
Year: 2021	1 of 1

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