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 Jun 30, 2026, the latest employee count at Squid is 8.

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.

Where does Squid rank among its competitors?

Squid ranks 3rd amongst 53 active competitors, of which 21 are funded. It stands 3rd 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 MathWallet, LI.FI and UXUY Protocol. Among them, Squid secured the most recent funding round in May, 2026.

Squid - 2026 Company Profile, Funding & Competitors

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

3^rd among 53 active competitors

Employee Count

8 as on Jun 30, 2026

Similar Companies

MathWallet & 51 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	9993607	Series B	6087516	8865592	8884366	9105542
Jan 31, 2024	9183999	Series A	4829734	6180026	7247170	Nomad Capital & 11 more
Jan 31, 2023	2260384	Seed	6103758	5037998	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 8 employees as of Jun 26. Here is Squid's employee count trend over the years:

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Top competitors of Squid include MathWallet, LI.FI and UXUY Protocol. 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	MathWallet 2018, Singapore (Singapore), Series B	Cross-chain wallet for digital assets	$19.8M	Binance Labs, Fundamental Labs & 6 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, Multicoin Capital & 21 others	58/100
3rd	Squid 2023, Switzerland, Series B	Cross-chain swap and liquidity routing protocol	$13.5M	Chapter One, Polychain & 23 others	54/100
4th	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	51/100
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	48/100
6th	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	45/100
7th	UX 2020, Cayman Islands, Seed	Blockchain-based lending protocol for web3 companies	$6.3M	Polychain, Ethereal Ventures & 8 others	44/100
8th	Kima 2021, Tel Aviv (Israel), Seed	Blockchain-based decentralized money transfer protocol	$8M	Blockchange, FinSec Innovation Lab & 1 others	43/100
9th	Sienna 2020, Terrace (Canada), Series B	Blockchain-based decentralized finance platform	$11.2M	LD Capital, YBB Foundation & 14 others	42/100
10th	Zeus Network 2023, Taipei (Taiwan), Seed	Cross-chain communication layer built on SVM	$8M	Mechanism Capital, Rubik Ventures & 17 others	39/100