Peter Thiel Backs $2.1 Million Round for Crypto Investment Startup Layer1 ByYogita KhatriPRO INVESTOR Updated: 20 December 2018 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. PayPal co-founder and venture capitalist Peter Thiel has backed a $2.1 million seed round for crypto investment startup Layer1.