Squid Raises $4m in Strategic Funding Round led by Polychain Capital

We’ve celebrated the success of Squid’s first year all month long, leading up to the BIG day. This is it, Squids. We are thrilled to announce that Squid has raised an additional $4m in a strategic funding round led by Polychain Capital, with participation from Nomad Capital, North Island Ventures, Maelstrom, Chorus One, The Department of XYZ, Breed, Binary Builders, and Typhon Ventures, along with follow-on investments from Distributed Global, Fabric Ventures, Node Capital, and Chapter One, and 30+ angels.

Squid is a small but mighty team, and we are extremely grateful for the support that has helped us grow to where we are now and supports our future growth too. With the additional support from this recent funding, we aim to carry on with our mission of cross-chain expansion, alleviating the complexity of moving between chains for users and teams alike.

We’ve had a blast celebrating with you all this month and are delighted to be starting 2024 on such a positive note. We’ve recapped our cross-chain milestones from 2023 and introduced Squid Maxi of the Month, now it’s time to share our most recent raise and the exciting plans we have in store for 2024. Let’s dive in.

Squid’s Mission

Our mission at Squid is to power accessibility across chains, enabling interoperability for all teams, projects, and users. We not only provide the product to make the experience seamless from start to finish, but the tools as well.

We support over 60 EVM and Cosmos chains on our Squid App, so that users can swap the assets they have on one chain, for the assets they desire on another chain. With Squid Boost, users can complete their swaps between and across chains in just 20 seconds. We recently launched Squid NFT Checkout, so that users can have the same cross-chain access for collecting, minting, and deploying NFTs. Users can easily buy NFTs from any chain directly on Squid NFT Checkout and can even do so on OpenSea, with our Buy Button chrome extension.

On the integration side, Squid’s SDK, API, and Widget integration allow ease of integration for any developer, building on any chain. Squid’s wide array of integration tools empower teams with the cross-chain capabilities they specifically need, from one-click deposits and cross-chain onboarding, to 20 second swapping, minting, and more. Squid has it all.

Our goals moving forward are aligned with our achievements so far, as we aim to provide users and teams with continuous cross-chain support. As we maintain our strong foundation from this past year, we also aim to expand our support across EVM, Cosmos, and beyond. We intend to deepen our integration capabilities for dApps, allowing users to easily interact with a wide variety of applications cross-chain, from DeFi to gaming.

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

We are eager to continue expanding our capabilities throughout the year, and honored to have the additional support from our investors empowering us along the way!

Looking Forward

Thank you to everyone who has joined us on our journey at Squid so far. We are grateful for those who have been here from the start, and welcome those who are new to Squid. Please continue sharing your feedback, exploring the interchain, and positively participating within the Squid community. Stay tuned for upcoming announcements via our socials below!

Interested in integrating Squid? We encourage you to take a look at our Developer Docs here.

Need help integrating or interested in partnering with Squid? Submit your information through our Request Form here and a member from the Squid team will review your inquiry and respond accordingly.

Have feedback for Squid App? Share it with us here. Your input is invaluable to us and we thank you for helping shape a better Squid for users everywhere.

Please Note

This blog is provided for educational and informational purposes only. This is not investment advice or a recommendation or solicitation for on-chain participation in any mentioned chains, tokens, or assets. Please do your own research before swapping any on-chain assets.

About Squid

Squid is a secure cross-chain router that enables interoperability between blockchains and apps. Squid enables single-click cross-chain actions such as token swaps, purchases, deposits, and staking. These contract calls are easily integrated via its API, SDK, and front-end components. Developers can use Squid to onboard users from any blockchain and create scalable, seamless user experiences for anyone with a crypto wallet.

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