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Intelligence
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Tools

Sorella Labs raised $7.5M in a seed round led by Paradigm to develop tools addressing Ethereum's MEV issue.

Aug 22, 2024over 1 year ago

Amount Raised

$7.5 Million

Round Type

seed

San FranciscoCryptocurrencyBlockchain

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.

Company Information

Company

Sorella Labs

Location

San Francisco, California, United States

About

Sorella Labs is developing tools to tackle Ethereum and Creating sustainable on-chain markets.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers