European DeFi project Li Finance raises $17.5 million

Based in Berlin DEX-aggregator Li Finance attracted $17.5 million in a Series A funding round.

Leading investors were CoinFund and Superscrypt. Among the participants were: Bloccelerate, L1 Digital, Circle, Factor, Perridon, Theta Capital, Three Point Capital, Abra and nearly 20 angel investors.

The funds raised will be used by the startup to increase the number of supported networks, DEX, cross-chain bridges, sales and marketing support.

According to the statement, over six months the platform has become the leader in inter-network liquidity aggregation in the MetaMask ecosystem, with a 96% share of swaps.

The project recently launched its own decentralised exchange Jumper.Exchange. The platform supports more than 20 blockchains, 15 bridges and 30 DEXs.

Crypto’s Everything Exchange ?‍♀️

Bridge and swap your tokens across:

— 15 + bridges
— 20 + chains
— 30 + DEXs

Try it today ? https://t.co/JHThH2brw3 pic.twitter.com/7fMFu2tIOB

— Jumper (@JumperExchange) March 30, 2023

“Our goal is to provide access to any token and order flow through any network, trading on any venue in a seamless manner that helps bring the next billion users to Web3,” said Li Finance co-founder and CEO Philipp Zentner.

Earlier, in March 2022, the aggregator was hacked, resulting in the hacker withdrawing 205 ETH from clients’ wallets.