Catenaa, Thursday, February 06, 2025- Mevvy, a blockchain execution platform focused on maximum extractable value (MEV), said it had raised $2.8 million in a seed funding round led by Multicoin Capital.
The round also saw participation from Chapter One Ventures, Hypersphere and several prominent angel investors, including founders of Ondo, Pendle, Ethena, Axelar and Sei Network.
Mevvy aims to simplify MEV trading by eliminating the technical hurdles associated with transaction sequencing on blockchain networks.
MEV “searchers” profit from inefficiencies in blockchain transaction ordering, but the process typically requires specialized infrastructure and expertise.
The platform provides traders with a web-based interface to deploy MEV strategies, supporting Ethereum, Sui and Sei. It features an integrated development environment preloaded with open-source strategies for arbitrage, backrunning and liquidation opportunities.
The new funding will be used for product development, expansion to additional blockchains such as Solana and Ethereum Layer 2s, and partnerships with DeFi protocols. Mevvy’s roadmap includes decentralizing its infrastructure, launching the Mevvy Network for premium searcher access, and eventually open-sourcing its core components.
