MEV Infrastructure Developer Jito Labs Raised $10M in Series A Co-led by Multicoin Capital and Framework Ventures

Solana MEV infrastructure developer Jito Labs announced that it has closed a $10m Series A funding round co-led by Multicoin Capital and Framework Ventures, with participation from Alameda Research, Solana Ventures, Delphi Digital and others. Jito Labs aims to improve the speed and finality of transactions on Solana as well as rewards for validators and stakers. The company is building tools to mitigate the negative impact of MEV on Solana.