LI.FI Secures $29 Million in Series A Extension Funding
With over $50 million raised to date and a team of more than 100 employees, LI.FI Protocol has exceeded $60 billion in lifetime transaction volume.
LI.FI Protocol is a robust toolkit designed for developers, facilitating on-chain swaps and cross-chain bridging in their applications. Recently, the company announced that it has completed a $29 million Series A extension funding round, led by investing giants Multicoin and CoinFund. This new funding round brings the total capital raised by LI.FI to an impressive $51.7 million.
The infusion of capital will power the continued expansion of operations and promote the development of new products. LI.FI has rapidly scaled its workforce, reaching over 100 employees globally, to effectively serve clients in the digital asset and integrated finance sector.
Revolutionizing Blockchain Infrastructure
As LI.FI progresses towards a significant milestone of 1,000 B2B partners, it remains a key infrastructure layer for notable customers such as Robinhood, Binance, Kraken, MetaMask, Phantom, Ledger, Hyperliquid, Circle, and Alipay. The company has made remarkable strides in growing its monthly volume by 595%, surging from $1.15 billion in October of the previous year to $8 billion this October.
LI.FI is committed to addressing the rising fragmentation in blockchain infrastructure, token standards, and interoperability solutions. By providing a premium platform, it is eager to support the next wave of innovation. Upcoming developments include infrastructure for AI agents and stablecoins, as well as a marketplace for open intent and solvers targeted for launch in the near future.
Leadership Insight
Philipp Zentner, Co-Founder and CEO of LI.FI, expressed enthusiasm following this funding news: "This past year has seen significant growth in our product offerings, allowing us to solidify our market position and provide a seamless experience for B2B partners and their clients. This growth sets a robust foundation for the next generation of crypto applications, enabling increased access to liquidity across multiple blockchain ecosystems. The recent investment furthers our mission to make composability seamless and reliable, empowering the entire industry to innovate confidently."
Empowering Developers in Web3 Ecosystem
With a remarkable rise in transaction volume, LI.FI continues to simplify complexities for businesses, allowing them to include on-chain capabilities without the need to develop these features independently. Their ongoing work aims to catalyze the next wave of products that could onboard millions into a fully interconnected Web3 ecosystem.
Investor Perspectives
Spencer Applebaum, Investment Partner at Multicoin Capital, shares insights on the current landscape: "In an era where crypto trading is increasingly integral to mainstream fintech applications, the central challenge lies in coordinating fragmented blockchains, liquidity, and execution seamlessly," he stated. "LI.FI Protocol furnishes fintechs and web3 wallets with a single API capable of managing both trading and cross-chain transactions, while safely handling on-chain routing behind the scenes."
David Pakman, Managing Partner and Head of Venture Investments at CoinFund, emphasized the importance of this funding: "Cryptocurrency adoption is surging amid a fragmented blockchain infrastructure. LI.FI addresses this issue by providing a universal layer that ensures global cross-chain liquidity and asset interoperability, positioning them well within the market for cross-chain products."
About LI.FI
LI.FI is a leading non-custodial, open-source protocol connecting decentralized liquidity across various blockchain ecosystems. By integrating access to third-party bridges and decentralized exchanges, LI.FI aids developers in incorporating seamless multi-chain functionality with ease. This approach significantly minimizes the complexities associated with navigating fragmented blockchain networks while ensuring users retain total control of their assets. Founded in 2021, LI.FI boasts over 800 partners worldwide.
Frequently Asked Questions
What recent funding did LI.FI announce?
LI.FI announced it raised $29 million in a Series A extension funding round, led by Multicoin and CoinFund.
How has LI.FI's transaction volume changed?
LI.FI's transaction volume grew by 595%, from $1.15 billion to $8 billion within a year.
Who are some of the key partners of LI.FI?
Major partners include Robinhood, Binance, Kraken, and MetaMask, contributing to LI.FI’s growth and infrastructure layer.
What innovations is LI.FI focusing on?
LI.FI is developing infrastructure for AI agents, stablecoins, and launching a marketplace for third-party liquidity in 2026.
What role does LI.FI play in the blockchain space?
LI.FI acts as a non-custodial, open-source protocol enabling decentralized liquidity across multiple blockchains, facilitating a better developer experience.
