Squid is a cross-chain platform connecting networks, liquidity sources, and applications to power the movement of digital assets across crypto. Its stack spans from settlement protocol (Squid Intents) through aggregation and routing engine, developer tools, and consumer-facing products across 100+ blockchain networks.
Investment Rounds
Capital activity and funding progression
| Amount | Date | Round |
|---|---|---|
| $6 M | May, 2026 | unspecified |
Industries
Frequently Asked Questions
Where is Squid located?
Squid is located in Zug, Switzerland.
What industries does Squid operate in?
Squid operates in the following industries: blockchain, crypto, cross-chain infrastructure, fintech.
When was Squid founded?
Squid was founded on 2023-01-01.
How much total funding has Squid raised?
Squid has raised a total of $6,000,000.
Who are the investors in Squid?
The investors in Squid are: North Island Ventures, Ripple, Dialectic, Borderless, Scenius Capital, Altos, Arche Capital.
What is Squid and how does it work?
Squid is a cross-chain platform that allows users to swap, bridge, and route digital assets across over 100 blockchains in a single transaction. It uses a routing engine that aggregates decentralized exchanges and bridges to find the optimal path for your transaction.
Is Squid a bridge?
Not exactly. While Squid facilitates transfers between chains, it acts as a cross-chain liquidity router. The experience is closer to a swap than a traditional bridge, as it allows you to convert assets directly without needing to handle wrapped tokens or deal with manual bridging steps.
How safe is it to use Squid?
Squid has been audited multiple times and utilizes secure infrastructure from the Axelar Network. It follows a minimum surface area approach to security, meaning the smart contracts only execute routing logic and do not hold liquidity themselves.
What fees are charged when using Squid?
Squid does not charge any protocol fees. Users are only responsible for paying the standard gas fees required on the source blockchain for the transaction.
What happens if a transaction on Squid fails?
If a transaction fails, your funds are automatically refunded to you on the source chain within approximately 15 minutes without requiring any manual intervention.