Total amount raised
Latest funding date
Location
Flashbots has emerged as a pivotal player in the blockchain ecosystem, focusing on mitigating the adverse effects of Maximal Extractable Value (MEV) on Ethereum. The organization employs a three-pronged approach to MEV: Illuminate, Democratize, and Distribute.
Flashbots' platform offers innovative solutions like MEV-Boost, BuilderNet, and Protect RPC, all aimed at enhancing the security and efficiency of blockchain transactions. Keep reading to explore the intricacies of Flashbots' fundraising journey and the investors backing this innovative platform.
What Is Flashbots?
Flashbots, founded in 2020, operates within the blockchain and cryptocurrency industry. The organization is dedicated to mitigating the negative externalities posed by Maximal Extractable Value (MEV) to stateful blockchains, starting with Ethereum.
Flashbots focuses on bringing transparency to MEV activities, democratizing access to MEV, and ensuring its sustainable distribution. Their initiatives include MEV-Boost, BuilderNet, and SUAVE, all aimed at enhancing blockchain infrastructure and user experience.
How Much Funding Has Flashbots Raised?
- Seed Round
- Amount Raised: $1 million
- Date: January 2021
- Lead Investors: Paradigm
- Series A
- Amount Raised: $10 million
- Date: June 2021
- Lead Investors: Andreessen Horowitz (a16z)
- Series B
- Amount Raised: $30 million
- Date: December 2021
- Lead Investors: Sequoia Capital
Flashbots has raised a total of $41 million across all funding rounds.
Key Investors
- Paradigm
- Details: Paradigm is a venture capital firm that invests in disruptive crypto and blockchain startups. Founded by Fred Ehrsam and Matt Huang, the firm is known for its deep technical expertise and long-term investment approach.
- Investment Focus Areas: Cryptocurrency, blockchain, decentralized finance (DeFi)
- Notable Investments: Uniswap, Coinbase, FTX
- Andreessen Horowitz (a16z)
- Details: Andreessen Horowitz, also known as a16z, is a prominent venture capital firm based in Silicon Valley. Founded by Marc Andreessen and Ben Horowitz, the firm has a strong track record of backing innovative technology companies.
- Investment Focus Areas: Technology, cryptocurrency, fintech
- Notable Investments: Facebook, Airbnb, Stripe
- Sequoia Capital
- Details: Sequoia Capital is a leading venture capital firm that has been investing in early-stage companies since 1972. The firm is known for its strategic guidance and support in scaling businesses globally.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: Apple, Google, WhatsApp
- Placeholder
- Details: Placeholder is a venture capital firm that focuses on decentralized information networks. Founded by Chris Burniske and Joel Monegro, the firm aims to support the development of open-source blockchain projects.
- Investment Focus Areas: Blockchain, decentralized finance (DeFi), Web3
- Notable Investments: Arweave, Filecoin, The Graph
- Dragonfly Capital
- Details: Dragonfly Capital is a global crypto asset investment firm. The firm bridges the gap between East and West by investing in blockchain projects worldwide.
- Investment Focus Areas: Cryptocurrency, blockchain, decentralized finance (DeFi)
- Notable Investments: MakerDAO, Compound, dYdX
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