Hamburg – YPOG advised LI.FI Service GmbH on its $17.5 million Series A financing round, co-led by CoinFund and Superscrypt. The Berlin-based start-up enables banks, fintechs and hedge funds to automatically exchange crypto assets between multiple blockchains.
The round, which totalled $17.5 million, also includes participation from Bloccelerate, L1 Digital, Circle, Factor, Perridon, Theta Capital, Three Point Capital, Abra, and nearly 20 angel investors.
The capital from this funding round will be used to accelerate the development of the LI.FI offering across more blockchains, decentralised exchanges (DEXs) and cross-chain bridges. It will also be used to expand sales, business development, marketing and other capabilities, and to strengthen the connection between traditional finance and DeFi in a meaningful way to integrate these institutions into the financial markets of the future.
A YPOG team led by Stefan Richter and Ferdinand Cadmus provided comprehensive tax and legal advice to the start-up on the financing round, which included not only an equity participation but also a token investment.
Team
Stefan Richter (Co-Lead) (Tax, Fintech/DLT), Partner, Hamburg
Ferdinand Cadmus (Co-Lead) (Transactions, Fintech/DLT), Senior Associate, Hamburg
Dr. Frederik Gärtner (Transactions, Fintech/DLT), Partner, Berlin
Daniel Resas (Transaction, Fintech/DLT), Special Counsel, Hamburg/Berlin
Andreas Lange (Tax, Fintech/DLT), Senior Associate, Hamburg
About LI.FI
LI.FI is a multi-chain liquidity and data gateway that provides access to nearly 20 blockchains, enabling the moving of assets and sharing of data by aggregating infrastructure solutions including cross-chain bridges, relevant data sources, and decentralized exchanges, which allows for seamless interoperability for platforms and users. Based in Berlin, LI.FI was founded by a team of DeFi experts and has quickly grown to become the leading liquidity aggregator in the blockchain space.
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Contact
Benno Engelmann
T +49 172 2749 689 | E presse@ypog.law
Engelmann Advisory
engelmann-advisory.com
About us
YPOG stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 150 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Hamburg, Cologne, and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
