Cross-Chain Infrastructure Protocol LI.FI Raises $5.5M

The funding will help the firm expand to more blockchains.

AccessTimeIconJul 11, 2022 at 1:00 p.m. UTC
Updated May 11, 2023 at 4:14 p.m. UTC

LI.FI, an infrastructure protocol that aggregates cross-chain bridges and decentralized exchanges (DEXs), has raised $5.5 million in a funding round led by crypto-native investment firm 1kx. The fresh capital will help LI.FI pay for marketing and expand to more blockchains, founder and CEO Philipp Zentner told CoinDesk in an interview.

Other participants in the round included investment firms Dragonfly Capital, Lattice Capital, Scalar Capital, 6th Man Ventures, Coinbase Ventures and decentralized autonomous organizations BairesDAO and AngelDAO, among others.

LI.FI offers a software development kit (SDK) that aggregates bridges and decentralized exchanges across 14 different blockchains. The SDK offers smart routing to identify the safest and cheapest routes for transactions and multi-asset swaps.

LI.Fi wants to expand to additional layer 1 blockchains, Zentner said. The company will also introduce a new widget product that provides developers with a simplified user interface that allows their users to swap from anywhere into a chosen decentralized application, smart contract or asset.

“Bridging is an anxiety-inducing and often risky experience for both end users and developers, and LI.FI does the hard work of abstracting away the underlying complexity to enable more innovative applications and collaboration across ecosystems” 1kx founding partner Lasse Clausen said in a press release.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Brandy Betz

Brandy covered crypto-related venture capital deals for CoinDesk.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.