Sorella Labs - Seed
Overview
Funding Date
August 20, 2024
Financing amount
$7.5M
Valuation
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Category
Subcategory
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About Sorella Labs - Seed
Sorella Labs, a crypto startup building tools aimed at solving Ethereum'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.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2018 | 89 | info@paradigm.xyz | ||
| Corporate | United States of America | 2018 | 24 | -- | ||
| Fund | Unknown | 2022 | 35 | -- | ||
| Fund | United States of America | 2019 | 128 | sayhello@robvc.com | ||
| Fund | United States of America | 2020 | 59 | hello@nascent.xyz |
Founders & Team
Ludwig Thouvenin
Company Profile / Project Introduction
Sorella Labs is developing tools to tackle Ethereum's maximum extractable value issue. MEV refers to the profit validators or bots that can extract by reordering, inserting or censoring transactions within a block. Common MEV strategies include front-running (executing trades before others), sandwich attacks (trading before and after large transactions) and arbitrage (profiting from price differences across platforms). These practices can result in higher costs for DeFi users and give an unfair advantage to those with more resources.