When was Squid founded?

Squid was founded in 2023 and raised its 1st funding round within a year of its incorporation.

Where is Squid located?

Squid is headquartered in Switzerland.

How many employees does Squid have?

As of Sep 30, 2026, the latest employee count at Squid is 11.

Is Squid a funded company?

Squid is a funded company, having raised a total of $13.5M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 31, 2023.

When was the latest funding round of Squid?

Squid's latest funding was a $***** Series B round on May 22, 2026, with participation from 4 investors. Its primary sector is Blockchain Infrastructure. In Switzerland, the Blockchain Infrastructure sector has seen $40.4M in funding in 2026 to date.

Where does Squid rank among its competitors?

Squid ranks 4th amongst 84 active competitors, of which 22 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Squid, which secured $6M in May, 2026.

Who are the top competitors of Squid?

Squid's top competitors include UXUY Protocol, LI.FI and MathWallet. Among them, Squid secured the most recent funding round in May, 2026.

Squid - 2026 Company Profile, Funding & Competitors

Squid is a series B company based in Switzerland, founded in 2023. It operates as a Cross-chain swap and liquidity routing protocol. Squid has raised $13.5M in funding from North Island Ventures and Polychain. The company has 84 active competitors, including 22 funded and 1 that has exited. Its top competitors include companies like UXUY Protocol, LI.FI and MathWallet.

Company Details

Cross-chain swap and liquidity routing protocol. It utilizes existing DEXs to swap and send any native token between chains. This can be done via our SDK, front end, or contracts directly. It allows users to buy NFTs from any marketplace, use multi-chain DeFi, and play a game on another chain, all without signing multiple transactions or downloading multiple wallets.

Website: www.squidrouter.com/
Social
Email ID: *****@0xsquid.com

Key Metrics

Founded Year

2023

Location

Switzerland

Stage

Series B

Total Funding

$13.5M in 3 rounds

Latest Funding Round

Series B, May 22, 2026, $*****

Investors

North Island Ventures & 24 more

Ranked

4^th among 84 active competitors

Employee Count

11 as on Sep 30, 2026

Similar Companies

UXUY Protocol & 80 more

View Squid's full profile

Squid has raised a total funding of $13.5M over 3 rounds. Its first funding round was on Jan 31, 2023. Its latest funding round was a Series B round on May 22, 2026 for $*****. 4 investors participated in its latest round. Squid has 18 institutional investors and 7 angel investors.

Here is the list of recent funding rounds of Squid:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 22, 2026	8892076	Series B	9601115	8299987	3181965	1583046
Jan 31, 2024	1037919	Series A	8726793	2332989	7515719	Nomad Capital & 11 more
Jan 31, 2023	2486487	Seed	9326178	2041840	North Island Ventures	Distributedglobal & 10 more

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View details of Squid's funding rounds and investors

Squid's employee count trend

Squid has 11 employees as of Sep 26. Here is Squid's employee count trend over the years:

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Top competitors of Squid include UXUY Protocol, LI.FI and MathWallet. Here is the list of Top 10 competitors of Squid, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	UXUY Protocol 2022, Singapore (Singapore), Seed	Developer of an online cross-chain liquidity aggregation protocol across multiple blockchains	$10.2M	Pionex US, Bixin Ventures & 23 others	61/100
2nd	LI.FI 2021, Berlin (Germany), Series A	Online platform for DEX aggregation of cross-chain bridging, swapping, and messaging	$52M	CoinFund, 1kx & 21 others	60/100
3rd	MathWallet 2018, Singapore (Singapore), Series B	Cross-chain wallet for digital assets	$19.8M	Binance Labs, Fundamental Labs & 6 others	55/100
4th	Squid 2023, Switzerland, Series B	Cross-chain swap and liquidity routing protocol	$13.5M	Chapter One, Borderless Capital & 23 others	55/100
5th	Entangle 2021, Dubai (United Arab Emirates), Seed	Developer of liquidity centric sub-layer powering the next generation of cross-chain DeFi applications	$4M	LBank Labs, Owl Ventures & 21 others	51/100
6th	Agoric 2018, San Francisco (United States), Series B	Provider of smart contract security services	$38M	Xpring, Placeholder & 21 others	49/100
7th	CLV 2020, London (United Kingdom), Seed	Online platform offering cross-chain indexing and DeFi interoperability solutions for various blockchain networks	$3M	Polychain, Hypersphere Ventures & 15 others	48/100
8th	The Crypto Company 2017, Public	Developer of blockchain infrastructure for cross-chain commerce and settlement networks	$2.27M	SenaHill Partners	46/100
9th	UX 2020, Cayman Islands, Seed	Blockchain-based lending protocol for web3 companies	$6.3M	Polychain, Ethereal Ventures & 8 others	43/100
10th	Kima 2021, Tel Aviv (Israel), Seed	Blockchain-based decentralized money transfer protocol	$8M	Blockchange, FinSec Innovation Lab & 1 others	43/100