Flashbots Veterans Raise $20M to Tackle Crypto User Experience With OneBalance

OneBalance, a new developer platform designed to eliminate cross-chain UX friction, has raised $20 million in a Series A round, the company said in a press release Wednesday.

The round was led by cyber•Fund and Blockchain Capital, with backing from Bybit’s Mirana Ventures and L2IV, the company said.

OneBalance was founded by core contributors to Flashbots, the Ethereum-centric research and development startup that aims to remove the negative impacts of maximal extractable value (MEV), and a former Coinbase (COIN) engineer.

The OneBalance Toolkit offers developers one-click access to transfers, swaps, and yield across chains, and already supports native Bitcoin-to-EVM swaps, with Solana integration coming soon, the company said.

“There is so much growth in the stablecoin world and that is bringing a lot of people onchain but they are not crypto native, and their expectation is to do one click operations,” said Stephane Gosselin, CEO and co-founder of OneBalance, in an interview.

“Until now there hasn’t been a way to build products that enable that,” he added.

Early OneBalance partners include DSX, Vooi, Spritz, and Nuvolari.

The latest fundraising follows a $5M angel round in 2024 that included participation from Consensys, Wintermute, Anagram, Cobie, and others.