LI.FI, a multi-chain liquidity and data gateway, has raised $17.5m in a Series A fundraise co-headed by CoinFund and Superscrypt.
The round also includes participation from Bloccelerate, L1 Digital, Circle, Factor, Perridon, Theta Capital, Three Point Capital, Abra, and almost 20 angel investors.
LI.FI claims it abstracts away the most crucial financial infrastructure to move in and out of any position on any chain — the one gateway to access all DeFi which helps TradFi save valuable go-to-market time, research, integration, and maintenance overhead, to avoid sunk costs in this fast-changing infrastructure environment for developers working on projects including but not limited to dApps, Web3 & other protocols.
LI.FI said the proceeds from this raise will be used to accelerate development of LI.FI’s offering across more blockchains, DEXs, cross-chain bridges and more.
It will also bolster sales, business development, marketing and other capabilities with the new funding.
The company said it has become a leader in cross-chain liquidity aggregation, quickly rising to handle almost 100% of all cross-chain swap activity on MetaMask.
LI.FI CEO Philipp Zentner said, “This fundraise is vital to enabling us to execute our vision of a multi-chain future. Our goal is to enable access to any token and order flow across any chain, trading on any venue, in a seamless manner that helps bring the next one billion users to Web3.”
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