LI.FI Completes Round A Financing of $17.5 Million

03/31/2023 04:06 • Blockchain Briefs • 83 views

On March 31, the cross chain infrastructure agreement LI.FI announced the completion of a round A financing of $17.5 million, with CoinFund and Superscrypt jointly leading the investment, Bloccelerate, L1 Digital, Circle, Factor, Perridon, Theta Capital, Three Point Capital, Abra, and nearly 20 angel investors participating in the investment. The new funds raised in this round will be used to promote LI.FI in more fields such as blockchain, DEX, and cross chain bridges, while enhancing the company’s strong sales Business development, marketing, and other capabilities to support token and order flow transactions.

Cross chain infrastructure agreement LI.FI completed US $17.5 million Round A financing

The cross-chain infrastructure agreement LI.FI has recently announced its completion of a round A financing of $17.5 million, marking a significant milestone in its journey towards blockchain and other related fields. The investment was jointly led by CoinFund and Superscrypt, with the participation of Bloccelerate, L1 Digital, Circle, Factor, Perridon, Theta Capital, Three Point Capital, Abra, and almost 20 angel investors.

LI.FI’s New Funds Allocation

The funds raised in this round will be utilized to enhance LI.FI’s capabilities in various fields, such as blockchain, DEX, and cross-chain bridges. The company aims to develop a stronger sales business and improve its marketing strategies, enabling it to support token and order flow transactions more efficiently.

CoinFund and Superscrypt: Joint Leaders of the Investment

CoinFund and Superscrypt led the investment as they recognized LI.FI’s massive potential in cross-chain infrastructure solutions, especially in the current competitive market. Both companies are prominent investors in blockchain and crypto-related sectors, and their involvement in this financing round signals their support for innovations in the blockchain industry.

LI.FI’s Cross-Chain Infrastructure

LI.FI’s focus on cross-chain infrastructure solutions is at the forefront of its business plan. The company has developed efficient technology to ensure seamless transactions between different blockchains, making it an attractive option for investors and businesses alike. With the new funds raised, LI.FI plans to further its research and development in this area.

LI.FI’s Plans for the Future

LI.FI’s mission is to become the go-to infrastructure solution for developers and businesses worldwide. The company aims to expand its global presence in the blockchain industry and position itself as a leader in cross-chain infrastructure solutions. With the recent funding boost, LI.FI is poised for exponential growth and development.

FAQS

Q1. What is LI.FI’s primary focus?

LI.FI’s primary focus is on developing cross-chain infrastructure solutions.

Q2. Who led LI.FI’s round A financing?

CoinFund and Superscrypt jointly led LI.FI’s round A financing.

Q3. What will LI.FI’s recently raised funds be used for?

The new funds raised by LI.FI will be used to expand its business in various fields such as blockchain, DEX, and cross-chain bridges, and develop stronger sales and marketing strategies to support token and order flow transactions.

Conclusion

LI.FI’s completion of a round A financing is a testament to the company’s innovation and progress in the blockchain industry. With the involvement of major investors such as CoinFund and Superscrypt, LI.FI is well-positioned to achieve its goals of becoming a global leader in cross-chain infrastructure solutions. The company’s future plans to expand into other areas of the blockchain industry will lead to more significant growth and further position LI.FI as a driving force in the blockchain revolution.

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