Web3 infrastructure company Blocknative announces restructuring, cutting approximately 33% of staff

TechFlow reported, according to CoinDesk, Web3 infrastructure company Blocknative recently underwent a restructuring, laying off slightly more than 33% of its workforce, affecting approximately a dozen employees.

In December 2022, Blocknative raised $15 million in funding from investors including Blockchain Capital, Foundry Group, Rho, IOSG Ventures, Robot Ventures, Fenbushi Capital, HackVC, and Industry Ventures.