Blocknative Raises $15M from Blockchain Capital, Foundry Group, and Others to Build Blocks for Ethereum
SAN FRANCISCO, Dec. 15, 2022 /PRNewswire-PRWeb/ -- Blocknative, the real-time web3 infrastructure company, announces a $15.0 million Series A-1 financing from Blockchain Capital, Foundry Group, Rho, IOSG Ventures, Robot Ventures, Fenbushi Capital, HackVC, Industry Ventures, and others, bringing total funding to date to $34.0 million. The funding will be used to drive Blocknative's leadership in the emerging block building market.
- The Ethereum Merge introduced block builders as a new category of economic actors that provide core Ethereum capabilities.
- To dependably transport high-value blocks to validators, Blocknative launched its block relay service immediately after The Merge.
- Spencer Bogart, General Partner at Blockchain Capital, said, "The Merge marks a new era for Ethereum and a massive opportunity for Blocknative.
- Founded in 2018, Blocknative helps inform and power such forward-thinking projects as Lido, MetaMask, imToken, Curve, Balancer, Ethereum Foundation, Polygon Foundation, and hundreds of others.