Mevvy, an execution platform for MEV searchers, has raised $2.8 million in a seed funding round led by Multicoin Capital, with participation from Chapter One Ventures, Hypersphere and a group of strategic angel investors, according to a release shared with The Block.

Among its investors are founders of other platforms: Nathan Allman of Ondo, TN Lee of Pendle, Guy Young of Ethena, Georgios Vlachos of Axelar, and Jeffrey Feng and Jay Jog of Sei Network, the release said.

Mevvy aims to make MEV (maximum extractable value) accessible to traders by removing some of the technical complexities associated with transaction ordering and execution on blockchain networks. MEV traders (called "searchers") attempt to exploit inefficiencies in blockchain transaction sequencing. However, to do so often requires deep technical expertise and complex infrastructure.