December 6, 2022

Blocknative raises $12M to scale core transaction monitoring facilities

2 min read

Blocknative, a contractor and operator of crucial facilities for monitoring and handling public blockchain transactions, announced today that it has raised USD $12 million in new Series A funding; bringing its total raised to more than USD $19 million.

New investors contributed to the Blocknative team, consist of:

  • Rho Capital’s Ignition Fund (which led the round)
  • Robot Ventures/ Robert Leshner
  • Altonomy Ventures
  • Kain Warwick and Jordan Momtazi of Synthetix
  • Ryan Sean Adams and David Hoffman, founders of Bankless
  • Stani Kulechov, creator and CEO of Aave
  • Diogo Monica, co-founder, and president of Anchorage

These new financiers sign up with an existing roster of investors, consisting of:

  • Foundry Group
  • Blockchain Capital
  • IDEO CoLab Ventures
  • Industry Ventures
  • Coinbase Ventures

In connection with this funding, Blocknative is likewise inviting Rho Capital partner Dan Ruch to its Board of Directors in addition to MyCrypto Founder and CEO Taylor Monahan to its Board of Advisors.

< img loading ="lazy"class="size-full wp-image-111602"src=""alt=" "width="654"height="447"srcset= " 654w, 483w, 300w "sizes="( max-width: 654px) 100vw, 654px"/ > Blocknative’s Mempool Explorer helps exchanges, wallets, and traders monitor and act on deals in real-time

. The mempool is the entrance to the blockchain. Prior to anything can be written on a block, it needs to initially move through the mempool.

Delivering core blockchain infrastructure

Blocknative’s options are widely deployed throughout the Web3 ecosystem– by forward-thinking home builders and traders consisting of Aavegotchi, Altonomy, Badger, Balancer, Bancor, Compound, Curve, Gitcoin, Nifty Gateway, Optimism, Synthetix, UMA, Yearn, Zapper, and hundreds of others– in order to:

  • Stream real-time mempool data
  • Properly quote Ethereum gas rates
  • Know what will happen next to enhance protocol security and trade with “an edge”
  • Provide immediate Dapp assistance for the top hardware and software wallets
  • Deliver real-time deal alerts to their end-users

“With this new funding, we are well-positioned to evolve and broaden our core data platform. Our financing likewise brings a few of the industry’s leading minds to the table. Over the past three years, our team has pressed forward the state-of-the-art in blockchain deal monitoring. Today, our worldwide platform supports Ethereum, xDai, Binance Smart Chain, and Bitcoin– with additional L1 and L2 assistance in the works. Along the way, we have consistently delivered industry-leading services such as Mempool Explorer, Gas Platform, Simulation Platform, Onboard, and Notify– with much more to come.”
– – The Blocknative Team

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