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News Explorer — Flashbots Raises $60 Million Series B Round Led by Paradigm

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Jul 25, 4:53 pm

Coindesk

Flashbots Raises $60 Million Series B Round Led by Paradigm

Flashbots, an Ethereum-centric research and development startup, has raised $60 million in a Series B round led by Paradigm. The funding will support the development of its MEV network, SUAVE, which aims to mitigate the negative impacts of maximal extractable value. The investors were selected based on their reverse pitches in a decentralization beauty contest.

Flashbots, an Ethereum-centric research and development startup, has raised $60 million in a Series B round led by Paradigm. The funding will support the development of its MEV network, SUAVE, which aims to mitigate the negative impacts of maximal extractable value. The investors were selected based on their reverse pitches in a decentralization beauty contest.

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