Squid Raises $3.5M in Seed Funding
Summary
Squid, a Zug, Switzerland-based provider of a routing protocol that enables users and developers to access cross-chain liquidity, raised $3.5M in Seed funding. The round was led by North Island Ventures with participation from Distributed Global, Fabric Ventures, Galileo, Chapter One, Node Capital, Waikit Lau, Stani Kulechov, Zaki Manian, Dean Eigenmann, 7, Ashleigh Schap and Axelar. The company intends to use the funds to accelerate growth and expand operations. Built on Axelar, Squid allows any token to be swapped between blockchains, and unlocks access to apps across chains in a single click. Its API and SDK supports swaps between any token type, and enables multiple swaps and on-chain function calls to be linked together across a large list of integrated chains, so developers and users can explore new ecosystems in an instant.