Flashbots Veterans Raise $20M to Tackle Crypto User Experience With OneBalance
OneBalance, a developer platform focused on simplifying cross-chain user experience, has secured $20 million in Series A funding. This investment round was spearheaded by cyber•Fund and Blockchain Capital, with additional support from Bybit’s Mirana Ventures and L2IV. The company’s founding team boasts key members from Flashbots, a prominent Ethereum R&D firm dedicated to mitigating the negative effects of Maximal Extractable Value (MEV), and a former Coinbase engineer.
OneBalance’s core offering is the OneBalance Toolkit, a suite of tools designed to streamline cross-chain interactions for developers. This toolkit provides one-click access to essential functionalities such as transfers, swaps, and yield farming across various blockchains. Currently, the platform supports native Bitcoin-to-EVM swaps, with Solana integration planned for the near future. This functionality directly addresses the needs of a growing user base drawn to the stablecoin ecosystem, many of whom lack extensive crypto experience and expect user-friendly, streamlined operations. OneBalance aims to fill a critical gap in the market by providing the tools necessary to build applications catering to these users.
The company’s CEO and co-founder, Stephane Gosselin, highlights the significant growth in the stablecoin market and the resulting influx of non-crypto-native users. He emphasizes that OneBalance provides a solution to the lack of tools enabling the development of user-friendly, one-click cross-chain applications.
This Series A funding builds on a successful $5 million angel round in 2024, which included participation from notable investors like Consensys, Wintermute, Anagram, and Cobie. Early partnerships with DSX, Vooi, Spritz, and Nuvolari further demonstrate the platform’s traction and potential within the industry. The OneBalance platform is poised to significantly impact the usability and accessibility of decentralized applications.
