PANews reported on May 23 that Squid, a cross-chain infrastructure platform, has completed a $6 million strategic funding round to launch a new consumer-facing product. The round was led by North Island Ventures, with participation from Ripple, Dialectic, and Borderless. Angel investors including Georgios Vlachos, co-founder and former director of Axelar, Connor Howe, founder of Enso Finance, and Dan Lynch, founder of Constructive, also participated. This new funding brings Squid's total funding to $13.5 million, following a $3.5 million seed round in 2023 and a $4 million strategic round in 2024.