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Cross-Chain Liquidity Protocol LI.FI Raises $29M in Series A Extension
Source: CryptoNewsNet Original Title: Cross-Chain Liquidity Protocol LI.FI Raises $29M in Series A Extension Original Link: LI.FI, a Berlin-based protocol that aggregates onchain swaps and cross-chain bridges for developers, has raised a $29 million Series A extension led by Multicoin Capital and CoinFund, bringing its total funding to $51.7 million.
The company previously raised $17.5 million in a Series A round in May 2023.
The startup positions itself as a universal liquidity layer that abstracts away fragmentation across blockchains, token standards and bridging solutions.
Its non-custodial, open-source infrastructure aggregates third-party bridges and decentralized exchanges behind a single integration, allowing applications to route trades and move assets across chains without building that plumbing in-house.
LI.FI CEO and co-founder Philipp Zentner said the company has expanded its product suite over the past year to support a wider range of partners and use cases, with the goal of making composability “invisible and reliable” for developers and end users.