ChainCatcher reported that according to CoinDesk, Web3 infrastructure company Blocknative recently reorganized, laying off slightly more than 33% of its employees, affecting about a dozen employees.

According to the crypto data platform Rootdata, Blocknative completed a $15 million financing in December 2022, with investors including Blockchain Capital, Foundry Group, Rho, IOSG Ventures, Robot Ventures, Fenbushi Capital, HackVC, Industry Ventures, etc. In addition, Blocknative also received $5 million in seed round financing and $12 million in Series A financing in 2020 and 2021, respectively.

ChainCatcher previously reported that in September Blocknative announced the suspension of its MEV-boost relay service because the business could not maintain economic benefits.