M&A Deal Summary

Prophecy DeFi Acquires Layer2

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

Acquisition Highlights
  • 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.

M&A Deal Summary

Date 2021-07-09
Target Layer2
Sector Information Technology
Buyer(s) Prophecy DeFi
Deal Type Add-on Acquisition

Target

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(S) 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 STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2021 M&A 1 of 1