The new seed financing will be used to support Skip's development of an innovative platform to bring the multi-billion dollar market for transaction prioritization, reordering, and bundling (often known as ;Miner Extractable Value' or 'MEV') to the Cosmos blockchain ecosystem and other fast-emerging proof-of-stake ecosystems. The round was led by Bain Capital Crypto, with participation from investors including Jump Crypto, Galaxy, Robot Ventures, Lightspeed Faction, IEX Group, Informal Systems, Sommelier Cofounder Zaki Manian, Celestia Chief Operating Officer Nick White, and JUNO Cofounder Jake Hartnell, among others.

Skip is dedicated to building infrastructure that enables blockchains to achieve long-term financial sustainability by harnessing Miner Extractable Value (MEV). Skip is the first MEV infrastructure provider dedicated to giving blockchain communities control over how MEV revenues are captured and distributed. Skip's products help stakers, validators, and protocols access profits from MEV; improve chain user experiences; and enable traders to execute more sophisticated and profitable strategies.