Exclusive: Crypto startup LI.FI raises $29 million for cross-blockchain price discovery tool

LI.FI, a startup providing single-API cross-chain routing, exchange-rate and bridging price comparison and transaction pathfinding for fintechs, wallets and brokers, raised $29 million in a round led by Multicoin and CoinFund, bringing total capital to about $52 million. Cofounder and CEO Philipp Zentner says the business is profitable, earns transaction-fee revenue, serves more than 800 partners including Robinhood, Binance and Kraken, has over 100 employees and processed roughly $8 billion in monthly transaction volume as of October (about 7x year‑over‑year). The new funding will be used to hire and expand into perpetual futures, yield products, prediction markets and lending, aimed at simplifying fragmented blockchain liquidity and execution and accelerating crypto feature rollouts for mainstream fintech platforms.

Analysis

LI.FI raised $29 million in a round led by Multicoin and CoinFund, bringing total capital to about $52 million, and the company did not disclose valuation. The startup offers a single-API cross-chain routing and price-comparison service for businesses, positioning itself as a pathfinder for exchange rates and bridging fees; clients exceed 800 partners, including Robinhood, Binance and Kraken.

The founder says LI.FI is profitable and earns transaction-fee revenue, and the platform handled roughly $8 billion in monthly transaction volume as of October, about seven times the volume from a year earlier; the company employs more than 100 people. LI.FI’s stated value proposition is accelerating go-to-market for fintechs by reducing integration, research and maintenance time for cross-chain flows.

New funding will be used to hire and expand into perpetual futures, yield opportunities, prediction markets and lending, which broadens addressable markets but also increases product complexity and potential regulatory oversight. Market signals attached to this news are moderately positive; key risks for investors include the lack of disclosed revenue/valuation data, security/execution risks inherent to bridging, and the challenge of sustaining rapid volume growth and partner activation.

Key Decisions for Investors

• Consider private exposure to LI.FI-style cross-chain infrastructure given 7x YoY volume acceleration and claimed profitability, but require verified revenue, margin and valuation data before committing
• Monitor core KPIs—monthly transaction volume trends, net new Tier‑1 partner integrations (e.g., Robinhood/Binance/Kraken), and any security incidents—as primary indicators of sustained product-market fit
• Be cautious about the planned expansion into derivatives, lending and yield products; these increase regulatory and execution risk so limit sizing until compliance posture and execution milestones are demonstrated
• For public-market investors, watch for partner product rollouts or M&A activity that could monetize LI.FI’s API layer and use such signals to scale exposure rather than relying on the fundraising announcement alone