Paradigm leads $7.5 million seed round for Sorella Labs that aims to solve Ethereum's MEV problem | The Block

EMERGENCE TICKET FLASH SALE! Join 80+ Industry experts under one roof. Purchase tickets now to save. Sorella Labs, a crypto startup building tools aimed at solving Ethereum ETH +3.17% 's maximal extractable value (MEV) issue, has raised $7.5 million in a seed funding round. Paradigm led the round, with Uniswap Ventures, Bankless Ventures, Robot Ventures and Nascent participating, Sorella Labs said Tuesday. The firm closed the seed round last September but is announcing it today as it emerges from stealth with one of its MEV tools now live, co-founder and CEO Ludwig Thouvenin told The Block. He declined to comment on the structure of the seed round, valuation or whether any of the investors have taken a board seat at Sorella, either advisory or directorial. Thouvenin co-founded Sorella Labs in 2022 with Karthik Srinivasan, both university dropouts. The duo met that year at the University of Chicago, where their interest in blockchain technology quickly deepened. Seeing the potential

EMERGENCE TICKET FLASH SALE! Join 80+ Industry experts under one roof. Purchase tickets now to save. Sorella Labs, a crypto startup building tools aimed at solving Ethereum ETH +3.17% 's maximal extractable value (MEV) issue, has raised $7.5 million in a seed funding round. Paradigm led the round, with Uniswap Ventures, Bankless Ventures, Robot Ventures and Nascent participating, Sorella Labs said Tuesday. The firm closed the seed round last September but is announcing it today as it emerges from stealth with one of its MEV tools now live, co-founder and CEO Ludwig Thouvenin told The Block. He