Blockchain Start-Up Blocknative Raises $5M In New Financing
Summary
General Partner at Blockchain Capital, Spencer Bogart, said in a blog post yesterday “That’s why we’re excited to lead Blocknative’s seed round and why I’m joining the Board of Directors. Blocknative is the first company focused on building a crucial piece of missing infrastructure for in-flight transactions — their global data platform captures thousands of mempool events every second and Blocknative is leveraging this first-mover advantage to provide unrivalled transparency to transaction settlement.” The current lack of transparency provides exploitable opportunities for malicious actors with the right resources. Blocknative’s solution is their application programming interface (API) and software development kit (SDK) which provide access to global mempool data, making it easy to build with and integrate. As well as Spencer Bogart’s involvement, Blocknative are welcoming MakerDAO’s Head of Smart Contracts, Mariano Conti, and former Coinbase Senior Product Designer, Zach Krasner, to their Board of Advisors. They are also looking for more professionals to expand their engineering, design and go-to-market teams as they aim to accelerate the arrival of a future in which blockchain transactions are safe and transparent.