PANews reported on February 1 that, according to PR Newswire, Squid, a Cross-Chain InteractionLiquidity routing protocol, announced that it had received $4 million in strategic financing, led by Polychain Capital, Nomad Capital, North Island Ventures, Maelstrom, Chorus One, XYZ, Breed, Binary Builders and Typhon Ventures participated, with additional investments from Distributed Global, Fabric Ventures, Node Capital, and Chapter One. The funds will be used to accelerate development for more complex transaction sequence bundling and more efficient asset routing. In addition, the team is integrating with more interoperable networks and plans to introduce Squid to more Blockchain ecosystems beyond Ethereum and Cosmos. According to previous news, Squid closed a $3.5 million funding round in February last year, led by North Island Ventures, with participation from Distributed Global, Fabric Ventures, Galileo, Chapter One and Node Capital.