Tuesday, June 18, 2024
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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.

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