Sorella Labs raised $7.5M in a seed round led by Paradigm to develop tools addressing Ethereum's MEV issue.
Aug 22, 2024•over 1 year ago
Amount Raised
$7.5 Million
Round Type
seed
Investors
Bankless VenturesRobot VenturesUniswap VenturesNascentParadigm
Description
Crypto startup Sorella Labs announced the completion of a $7.5 million seed funding round led by Paradigm. The funds will be used to enhance tools for mitigating Ethereum’s Maximum Extractable Value (MEV) problem.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers