Berlin-based LI.FI has raised EUR 27.55m (USD 29m) in a Series A extension led by Multicoin Capital and CoinFund, marking one of the clearest mid-market bets this year on cross-chain infrastructure as a core layer of the digital asset stack.
The round lifts LI.FI’s total funding to roughly EUR 49m (USD 52m) and gives the company fresh capital to accelerate product development, scale operations and expand its multi-chain infrastructure, according to the company and investors.
Cross-chain is moving from feature to infrastructure
The LI.FI raise is a strong signal that cross-chain connectivity is graduating from a niche feature to essential infrastructure for exchanges, wallets and fintechs.
LI.FI offers a single API that bundles on-chain swaps, cross-chain bridging and DEX aggregation. Its middleware routes transactions across multiple blockchains, compares prices across bridges and DEXs, and selects the most efficient path. In effect, it aims to abstract away blockchain fragmentation for developers and end-users.
Investor commentary around the deal consistently centres on one theme: LI.FI is positioned as a key solution to the fragmentation that has long constrained user experience and capital efficiency in crypto. As more liquidity and use cases spread across multiple L1s and L2s, the ability to move value and execute trades seamlessly between chains is becoming non‑negotiable for consumer apps and institutional platforms alike.
A mid-market round with large‑cap customer reach
While the funding size sits squarely in the European mid-market band, LI.FI’s commercial footprint is already on large‑cap rails. The company reports more than 800 partners, including mainstream and crypto-native heavyweights such as Robinhood, Binance and Kraken.
That customer mix matters for the signal this round sends. It shows major trading venues and retail platforms are not trying to build bespoke cross-chain stacks in-house at any cost; they are prepared to rely on a specialist middleware layer if it delivers better routing, deeper liquidity access and faster integration.
For mid-market investors, the round reinforces the thesis that value in crypto infrastructure is consolidating around “picks and shovels” providers that can plug into both Web3-native projects and regulated fintechs.
Capital to widen the product surface
The new funding is earmarked for three main areas:
- Scaling infrastructure and operations to support rising transaction volumes and new chain integrations.
- Expanding the product set beyond swaps and bridges into yield, prediction markets, lending and perpetual futures, using the same cross-chain routing backbone.
- Building new market structure via an open intent and solver marketplace, planned for Q1 2026, designed to optimise liquidity access and execution across chains.
Recent operating metrics underscore the growth backdrop. In October 2025, LI.FI recorded an increase of USD 8.2bn in total value locked (up 4.1%) and over 8m additional transactions (up 39.8%), alongside new partnerships and additional chain support.
Taken together, the numbers suggest that the bottleneck is no longer demand for cross-chain activity, but the capacity of infrastructure providers to handle it securely and efficiently.
Europe’s role in the interoperability race
The deal also reinforces Europe’s relevance in the global race to build interoperability layers. While much of the liquidity and narrative in crypto still gravitates towards US and Asian venues, LI.FI’s Berlin base and global customer set highlight that critical infrastructure can scale from within the EU.
For the European mid-market, this transaction underscores three trends:
- Verticalisation of middleware – Specialist infrastructure firms are capturing value by solving one hard problem (here: cross-chain execution) across many protocols and front-ends.
- Enterprise‑grade Web3 tooling – The customer roster shows that institutional and retail platforms are standardising on API-first, compliance‑aware infrastructure rather than bespoke integrations.
- Durable investor appetite for core rails – Even amid cycles in token prices, capital continues to back companies that sit in the transaction flow and can monetise volume, not speculation.
Risks and what to watch
Execution risk remains material. LI.FI operates in a crowded and technically demanding field, where security incidents or bridge failures can rapidly erode trust. Regulatory shifts around stablecoins, DeFi and exchange operations could also reshape how cross-chain liquidity is accessed and reported.
However, the company’s traction with tier‑one partners, diversified product roadmap and fresh balance sheet mitigate some of these risks. For now, the Multicoin and CoinFund-led extension firmly positions LI.FI as one of the key infrastructure bets in Europe’s mid-market tech landscape – and a bellwether for how quickly cross-chain rails become standard in fintech and DeFi.