201 Blocknative, a San Francisco-based web3 infrastructure company, has raised $15 million in Series A-1 funding. The four-year-old company previously provided blockchain transaction management and monitoring services as a SaaS business. With the new funding, Blocknative aims to build a standalone block-building business in the Ethereum ecosystem.The funding round was backed by a group of investors including Blockchain Capital, Foundry Group, Rho, IOSG Ventures, Robot Ventures, Fenbushi Capital, HackVC, and Industry Ventures. Blocknative’s block-building business will focus on the Ethereum ecosystem, which is a decentralized platform for applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. You Might Be Interested In Musk Spars with Apple: iPhone Ban Threatened Over OpenAI Deal Green Lending Gets Stalled: Banks Seek Incentives Commercial Metals Faces Antitrust Lawsuit Over Rebar Prices Microsoft Injects AI into Customer Service with New Tools DBS Sets Sights on $370 Billion in Wealth Assets by 2026 Exploring B2B Customer Experience Trends in The European Financial Review