Blockchain: YPOG advises LI.FI on USD 17.5 million Series A round

Hamburg, Germany — YPOG advi­sed LI.FI Service GmbH on the $17.5 million Series A funding round led by Coin­Fund and Super­scrypt. The Berlin-based startup enables banks, fintechs and hedge funds to auto­ma­ti­cally exch­ange crypto assets between multi­ple blockchains.

Bloc­ce­le­rate, L1 Digi­tal, Circle, Factor, Perri­don, Theta Capi­tal, Three Point Capi­tal, Abra and nearly 20 angel inves­tors also parti­ci­pa­ted in the funding round.
The capi­tal from this funding round will be used to acce­le­rate the deve­lo­p­ment of the LI.FI- offe­ring across addi­tio­nal block­chains, decen­tra­li­zed exch­an­ges (DEXs) and cross-chain bridges. Further, it also aims to expand sales, busi­ness deve­lo­p­ment, marke­ting and other services, as well as 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 during the finan­cing round, which included an equity invest­ment as well as a token investment.

About LI.FI

LI.FI is a multi-chain liqui­dity and data portal that provi­des access to nearly 20 block­chains, enab­ling the move­ment of assets and exch­ange of data by brin­ging toge­ther infra­struc­ture solu­ti­ons such as cross-chain bridges, rele­vant data sources and decen­tra­li­zed exch­an­ges, enab­ling seam­less compa­ti­bi­lity for plat­forms and users. Based in Berlin, LI.FI was foun­ded by a team of DeFi experts and has quickly become the leading liqui­dity aggre­ga­tor in the block­chain space. www.li.fi.com

Consul­tant LI.FI: YPOG

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 YPOG

YPOG is a specia­list tax and commer­cial law firm opera­ting in the core areas of Funds, Tax and Tran­sac­tions. The YPOG team advi­ses a wide variety of clients. These include emer­ging tech­no­logy compa­nies and family-run medium-sized enter­pri­ses as well as corpo­ra­ti­ons and private equity/venture capi­tal funds. YPOG is one of the leading addres­ses for