- LI.FI raises over $17 million in a Series A funding round co-led by CoinFund and Superscrypt.
- LI.FI is a multi-chain liquidity and data gateway that aims to provide access to any token and order flow across any chain in a seamless manner.
LI.FI, the world’s leading multi-chain liquidity and data gateway, recently announced that it raised more than $17 million in a Series A round led by CoinFund and Superscrypt.
Bloccelerate, L1 Digital, Circle, Factor, Perridon, Theta Capital, Three Point Capital, Abra, and nearly 20 angel investors participated in the $17.5 million round.
According to Philipp Zentner, CEO of LI. The fundraising was critical to allowing the company to carry out its 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.”
LI.FI abstracts away the most critical financial infrastructure to move in and out of any position on any chain — the single gateway to access all decentralized finance (DeFi), which helps traditional finance (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 such as dApps, Web3, and other protocols.
This increase follows recent Bernstein research that revealed many market experts believe finance is headed toward a “bank-free, decentralized future” in which decentralized finance (DeFi) will become “a trillion-dollar asset pool with over $40 billion in revenue by 2028.”
According to the report, the industry will see a revival if it becomes a “far more sustainable, scalable, transparent [business] with improving token economics.”LI.FI is well-positioned to lead this charge.
As stated by Einar Braathen, Investor, CoinFund, “We are thrilled to join the company board and partner with Philipp, Max, and the LI.FI team for the journey ahead, Philipp and Max are a special breed of founders with incredible vision and execution capabilities; they’ve effectively created a new category in bridge and liquidity aggregation and produced phenomenal early growth, despite the bear market.”
As noted by the company, the proceeds from this fundraising will be used to accelerate the development of LI.FI’s offering across more blockchains, decentralized exchanges (DEXs), cross-chain bridges, and more; and also to strengthen sales, business development, marketing, and other capabilities as well as helping to better bridge the gap between traditional finance (TradFi) and DeFi in meaningful ways that help onboard these institutions to the financial markets of the future.
LI.FI has quickly become a leader in cross-chain liquidity aggregation, handling more than 96% of all cross-chain swap activity on MetaMask in just six months, according to Dune.
Furthermore, LI.FI recently launched Jumper Exchange, a state-of-the-art multi-chain exchange interface that allows qualified users to swap virtually any asset for any other asset with a single click.
About LI.FI
LI.FI is a multi-chain liquidity and data gateway that provides access to nearly 20 blockchains, enabling asset movement and data sharing by aggregating infrastructure solutions such as cross-chain bridges, relevant data sources, and decentralized exchanges, allowing platforms and users to interact seamlessly. LI.FI was founded in Berlin by a group of DeFi experts and has quickly grown to become the leading liquidity aggregator in the blockchain space.
Later this year, LI.FI will introduce the International Conference on Blockchain and Cryptocurrency Cross-Chain Workshop at the IEE in Dubai.
