Blocknative Receives $15 Million In Fresh Funding

Blocknative, a real-time blockchain infrastructure startup, raised $15 million in Series A funding this week, led by Blockchain Capital, Foundry Group, and others. The firm operates in the MEV market, providing tools to Ethereum validators in order to optimize block rewards.

The bear market has deteriorated since the FTX affair, yet there are still headstrong investors working on Web3 businesses. On December 16, Matt Cutler, CEO & co-founder of Blocknative, announced a successfully-funding raise of $15 million from Blockchain Capital, Foundry Group, Rho, IOSG Ventures, Robot Ventures, Fenbushi Capital, HackVC, Industry Ventures, and others.

According to its statement, the firm would utilize its recent financing to develop further tools to aid with the scaling of the Ethereum network.

With this new financing round, Blocknative is ideally positioned to vigorously pursue the block building opportunity and help drive equitable value recirculation throughout the entire web3 transaction supply chain.

Matt Cutler, CEO & co-founder of Blocknative, said

Since its launch in 2018, the Real-time Web3 infrastructure has offered best-in-class global infrastructure, serving as a robust real-time basis for the larger web3 ecosystem. Blocknative’s robust product range makes it simple to interact with pre-chain data, such as searching for Maximum Extractable Value (MEV) possibilities and constructing lucrative transaction bundles.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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