# Blocknative Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blocknative

- Industry: Software
- Headquarters: Tiburon, US
- Website: www.blocknative.com
- Total disclosed funding: $27M
- Latest round: Series A (Sep 13, 2022)
- Investors on record: 10

## About

Based in the US, Blocknative Corporation offers innovative gas solutions that improve transaction efficiency across various blockchain platforms, enhancing user experiences for developers and end-users alike.Blocknative Corporation, founded in 2018, specializes in enhancing blockchain transaction experiences through advanced gas solutions. The company is headquartered in Tiburon, US, and was co-founded by Chris Meisl, Erik Rossetti, Matt Cutler, Niel Robertson, and Ryan Angilly. As of September 2022, Blocknative raised USD 15 mn in Series A funding, bringing the total amount raised to USD 15 mn and achieving a current valuation of USD 94.935 mn. The funding was supported by investments from Blockchain Capital, Fenbushi Capital, Foundry Group, Hack VC, IOSG Ventures, Industry Ventures, RHO Capital Partners, and Robot Ventures, reflecting the company’s focus on building out its infrastructure in the blockchain space.Blocknative specializes in providing advanced gas solutions that enhance the transaction experience across multiple blockchain platforms. Central to their offerings are gas oracles, which deliver real-time gas price estimations, along with a suite of APIs that enable developers to optimize on-chain decision-making and transaction monitoring. Their infrastructure supports operations across over 40 chains, including prominent Layer 1 (L1) and Layer 2 (L2) solutions, facilitating effective gas fee management for a diverse clientele, including major blockchain protocols and decentralized applications.Blocknative generates revenue through a combination of subscription-based services and partnerships with blockchain protocols and developers. They offer tiered subscription plans for access to their gas estimation APIs and gas oracle services, which are vital for organizations aiming to integrate efficient transaction functionalities into their applications. This structure allows for tailored client plans, providing value based on specific operational needs. Revenue is further supported through strategic partnerships with significant blockchain entities, leveraging Blocknative's infrastructure to enrich their service offerings.In September 2022, Blocknative Corporation raised USD 15 mn in Series A funding to support its block-building infrastructure in the market. The company plans to expand its offerings with new products designed to enhance gas solutions and improve user experience. Additionally, they aim to penetrate new markets and geographic regions, focusing on increasing their presence in decentralized finance (DeFi) and non-fungible token (NFT) sectors. The recent funding will be allocated to bolster these initiatives and support strategic growth efforts.

## Funding rounds

- Series A, Sep 13, 2022, $15M — RHO, Industry Ventures, Foundry Group, Blockchain Capital, Fenbushi Capital, Hack VC, Robot Ventures, IOSG Ventures
- Series A, Jun 23, 2021, $12M — RHO, Industry Ventures, Foundry Group, Blockchain Capital, Robot Ventures, IDEO CoLab Ventures, Altonomy

## Investors

- RHO (https://capitalatlas.ai/funds/rho) — Series A
- Industry Ventures (https://capitalatlas.ai/funds/industry-ventures) — Series A
- Foundry Group (https://capitalatlas.ai/funds/foundry-group) — Series A
- Blockchain Capital (https://capitalatlas.ai/funds/blockchain-capital) — Series A
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Series A
- IDEO CoLab Ventures (https://capitalatlas.ai/funds/ideo-colab-ventures) — Series A
- Altonomy — Series A
- Fenbushi Capital (https://capitalatlas.ai/funds/fenbushi-capital) — Series A
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Series A
- IOSG Ventures (https://capitalatlas.ai/funds/iosg-ventures) — Series A