Squid Secures $4M in Strategic Funding
Squid announced a $4 million strategic funding round led by Polychain Capital to boost its mission of swapping any tokens across chains in a single click.
The Deets
- Strategic Backing: Investment led by Polychain Capital with participation from multiple venture firms and 30+ angels.
- Cross-Chain Mission: Aiming to simplify the complexity of moving between chains for users and teams.
- Product Suite Expansion: Supporting over 60 EVM and Cosmos chains through Squid App.
- Integration Tools: Offering SDK, API, and Widget integration for developers.
The Bulk
Squid successfully closed a $4 million strategic funding round led by Polychain Capital, with notable contributions from Nomad Capital, North Island Ventures, Maelstrom, and several others.
The additional capital injection will be pivotal for Squid as it continues to push the boundaries of what's possible in the cross-chain domain. The Squid App currently supports over 60 EVM and Cosmos chains, ensuring that users can swap assets or interact with NFTs across chains with unprecedented ease.
Squid's recently announced two product launches with Squid NFT Checkout and the Squid Boost feature. These new innovations allow users to complete swaps between chains in just 20 seconds and purchase NFTs from any chain directly within Squid.
🎤 Founder Feedback
Already with Squid you can swap tokens, you can purchase NFTs, and you can even combine actions, like swapping assets and depositing into DeFi protocols, in a single click. Step by step, this is how we enable better application experiences and abstract away the complexity of the underlying blockchain infrastructure.Fig of Squid
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