Flashbots seeks to raise up to $50 million at a valuation of $1 billion, with Paradigm committing to lead the round

ChainCatcher news, Ethereum infrastructure service Flashbots is in discussions with potential backers to raise up to $50 million at a $1 billion valuation. According to two people familiar with the deal and excerpts from the offering summary, the startup aims to raise $30 million to $50 million in equity investment at a pre-money valuation of $1 billion. Flashbots is not marketing to potential investors but is inviting them to pitch for the opportunity to participate in this funding round.

Insiders revealed that crypto venture firm Paradigm has committed to lead the round. Data site Crunchbase lists Paradigm as the lead investor in Flashbots' seed funding in 2020. (The Block)