The CoinFund-backed crypto toolkit startup LI.FI has secured a $29 million extension to its Series A, bringing its total capital raised to $51.7 million, with Multicoin joining as a lead investor.
“The increased funding showcases investor confidence in LI.FI’s growth and vision as our goal remains to make composability invisible and reliable, enabling the entire industry to build on it confidently,” co-founder and CEO Philipp Zentner said in a statement.
LI.FI is a decentralized, open-source finance protocol that serves as a “universal liquidity layer” and intermediary between DeFi infrastructure (like bridges and DEXs) and end-user applications, enabling developers and users to move tokens from one blockchain to another with minimal friction.
Founded in 2021 and headquartered in Berlin, LI.FI has reportedly surpassed $60 billion in lifetime transaction volume, according to the release. Monthly volume grew by 595% year-over-year to $8 billion in October 2025 from $1.15 billion in October 2024.
The team plans to use its fresh funding to “support the next stage of innovation” and new product development, including building tools for AI agents and stablecoins, and to support the rollout of a previously announced open intent and solver marketplace in the first quarter of 2026.
There are reportedly nearly 1,000 B2B users of LI.FI’s onchain swapping and cross-chain bridging toolkits, including the largest wallets like MetaMask and Phantom, major trading venues like Binance and Robinhood, as well as payments providers, hardware firms, and stablecoin issuers, among other businesses.
“LI.FI Protocol gives fintechs and web3 wallets a single API to offer both trading and cross-chain asset movement, handling on-chain routing and execution behind the scenes. By hiding that complexity from both developers and end users, they make it far easier for financial apps to launch truly multi-chain crypto products at scale,” said Spencer Applebaum, investment partner at Multicoin Capital.
LI.Fi previously raised a $5.5 million seed round in July 2022 led by 1kx, and the first $17.5 million tranche of its Series A in March 2023, co-led by CoinFund and Superscrypt.
In July 2024, approximately 153 wallets using LI.FI were exploited for $12 million following a smart contract update.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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