Jito Labs Raises $10M Series A Funding Round

Published on: 12.08.2022
Jito Labs Raises $10M Series A Funding Round

Jito Labs, the first MEV Infrastructure Company building high-performance systems to scale Solana and maximize validator rewards raises $10M  in a Series A Funding Round.

Jito Labs is extremely excited to announce it has raises a $10M Series A funding round co-led by Multicoin Capital and Framework Ventures.

With participation from other leading investors Alameda Research, Solana Ventures, Delphi Digital, MGNR, Robot Ventures and 18decimal. Notable angels Anatoly Yakovenko, Brian Long, Armani Ferrante, Austin Federa, Edgar Pavlovsky, and Nitesh Nath also participated in the round. This brings our total funding to $12.1M.

Jito Labs plan to use the new capital to support recruiting and developing their suite of open source tools to enhance the Solana network. 

Jito Labs are looking forward to validators and MEV searchers leveraging its products to unlock an efficient marketplace for MEV, increase the decentralization of Solana, and allow validators and stake pools to share MEV with their stakers.

About Jito Labs

Jito Labs is the first MEV Infrastructure Company building high-performance systems to scale Solana and maximize validator rewards.

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SOURCE

https://jito-labs.medium.com/announcing-our-10m-raise-60e450c07fd6

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