Cross-chain protocol LI.FI completes $29 million funding round, led by Multicoin Capital and CoinFund.

Crypto infrastructure startup LI.FI announced the completion of a $29 million funding round, led by Multicoin Capital and CoinFund. The funds will be used to build its cross-blockchain price discovery and transaction path optimization tools. This round will also be used to expand into areas such as perpetual contracts, prediction markets, and yield strategies, and to increase team size. The company is currently profitable.