Crypto startup LI.FI has received an investment of $17.5 million in its Series A funding round, which was co-led by crypto-native investment firms CoinFund and Superscrypt. The Berlin-based company is dedicated to offering accessible and secure access to the decentralized finance (DeFi) space by creating an aggregated gateway of blockchain layers, bridges, and decentralized exchanges.

LI.FI also provides developers with an application programming interface (API) designed to decrease the amount of time and effort needed to build their projects. With the API, developers can now access the networked trading-pairs of the DeFi space, allowing them to create their prototypes and launch them onto the market quickly and efficiently.

In the finance world, the decentralized finance (DeFi) sector is beginning to show tremendous signs of growth and potential, as reported by experts from Bernstein, a leading investment firm. The team emphasized the sustainability and scalability of the DeFI sector, citing the transparent token economics and improved token economics as a few of the main advantages that the sphere offers. This has made it an entirely attractive option for many investors.

In addition to the two leading investor firms, the funding round also saw contributions from a variety of other organizations, including Bloccelerate, L1 Digital, Circle, Factor, Perridon, Theta Capital, Three Point Capital, and Abra, among many more. This investment comes hot on the heels of the previous $5.5 million that the company received in its early funding last July.

LI.FI’s mission is to make decentralized finance (DeFI) protocols more accessible while preserving security and performance. The new funds will help the company execute its long-term strategy, which is designed to bring more users to Web3 technology by allowing tokens and orders to be traded freely across any chain. This could open up a whole host of investment opportunities from which investors and developers alike can reap the rewards.



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