LI.FI Completes Round A Financing of $17.5 Million with CoinFund and Superscrypt Jointly Leading the Investment
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 inve
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
Introduction
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.
LI.FI: An Overview
LI.FI is a cross chain infrastructure agreement that intends to build a network of decentralized infrastructure for cross chain interoperability. The company aims to overcome the existing limitations of the centralized financial systems, by focusing on providing an instigator of cross chain technologies. The LI.FI token is used as a credit mechanism to incentivize collaboration between different blockchains.
The Significance of Round A Financing
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. The completion of round A financing would serve as an indicator of the increasing investor interest in decentralized finance (DeFi) and cross chain interoperability.
Signatories of the Investment
Bloccelerate, L1 Digital, Circle, Factor, Perridon, Theta Capital, Three Point Capital, Abra, and nearly 20 angel investors participated in the LI.FI investment round.
Significance of the Round A Financing
The completion of the round A financing would promote LI.FI in more fields such as blockchain, DEX, and cross chain bridges. With the new funds, the company intends to enhance its capabilities in sales, business development, and marketing, to support token and order flow transactions. LI.FI’s decentralized infrastructure for cross chain interoperability would help overcome the limitations of centralized financial systems, by providing an instigator of cross chain technologies.
Conclusion
Round A financing of $17.5 Million with CoinFund and Superscrypt Jointly Leading the Investment marks a significant achievement for LI.FI. It aims to build a network of decentralized infrastructure for cross chain interoperability and overcome existing limitations of the centralized financial systems. The increasing investor interest in decentralized finance (DeFi) and cross chain interoperability signals immense potential for LI.FI.
FAQs
What is LI.FI?
LI.FI is a cross chain infrastructure agreement that intends to build a network of decentralized infrastructure for cross chain interoperability.
What is the significance of the round A financing?
The completion of the round A financing would 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.
Who led the investment in LI.FI’s round A financing?
CoinFund and Superscrypt jointly led the investment round, with Bloccelerate, L1 Digital, Circle, Factor, Perridon, Theta Capital, Three Point Capital, Abra, and nearly 20 angel investors participating in the investment.
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