LI.FI, a Berlin, Germany-based provider of a multi-chain liquidity and data gateway, raised $17.5M in Series A funding.
The round was led by CoinFund and Superscrypt with participation form Bloccelerate, L1 Digital, Circle, Factor, Perridon, Theta Capital, Three Point Capital, Abra, and nearly 20 angel investors.
The company intends to use the funds to accelerate development of its offering across more blockchains, decentralized exchanges (DEXs), and cross-chain bridges, to bolster sales, business development, marketing, and other capabilities; to bridge the gap between traditional finance (TradFi) and DeFi in meaningful ways that help on-board these institutions to the financial markets of the future.
Led by CEO Philipp Zentner, LI.FI is a multi-chain liquidity and data gateway that provides access to nearly 20 blockchains, enabling the moving of assets and sharing of data by aggregating infrastructure solutions including cross-chain bridges, relevant data sources, and decentralized exchanges, which allows for seamless interoperability for platforms and users.
FinSMEs
31/03/2023