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Sei Labs Raises $30M for Trading-Focused Layer 1 Blockchain

Sei Labs, a contributor to the Sei layer 1 blockchain, has raised $30 million across two funding rounds, as per the reports released on Tuesday. The funding will help accelerate Sei Labs' growth, including a deeper expansion into the Asia-Pacific region. Investors included Jump Crypto, Distributed Global, Multicoin Capital, Asymmetric Capital Partners, Flow Traders, Hypersphere Ventures and Bixin Ventures. The post money-valuation stands at $800 million, the company told TechCrunch. The funding comes as investments in the crypto industry remain constrained by the bear market.

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