According to TechFlow, on September 12, transaction fee service provider GasHawk announced the completion of a $1.6 million Pre-Seed round of financing, with participation from 3SE Holdings, AVID3, Artemis Capital, App Works, RedBread Ventures, Alchemy and some angel investors.
The funds raised will be used to expand its transaction layer IP and build new services around the Atomic Unit in crypto. The GasHawk model predicts and enforces the minimum base fee for any time interval.
Retail and institutional investors can set a time sensitivity for their TXs and seek the best execution within that time frame.