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Sei Labs - Strategic
Overview
About Sei Labs - Strategic
Sei has raised an additional $50 million for its ecosystem fund. The investment comes from Bitget, a Seychelles-based crypto exchange focused on derivatives, and the venture firm Foresight. The newly announced $50 million commitment to the ecosystem fund will further attract projects to Sei, bringing the total size of the fund to $120 million.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | Unknown | 2018 | 5 | -- | ||
| Fund | Russian Federation | 2010 | 76 | info@foresight.vc |
Founders & Team
Jeff Feng
Jayendra Jog
Company Profile / Project Introduction
Sei is the fastest layer 1 blockchain uniquely optimized for DeFi. Most layer 1s fall into two extremes - with general purpose chains on one end (Solana, Ethereum, Aptos, Avalanche) and app-specific chains on the other (dYdX, Osmosis). Sei explores the middle of the extremes - not quite general purpose nor app-specific but DeFi-specific which enables the layer 1 to explore a brand new design space.
Sei Labs is comprised of three types of backgrounds:
- Developers from Robinhood, Databricks, Airbnb, etc. with extensive expertise in orderbook design, infrastructure and the Cosmos stack
- Cosmos OGs who have navigated the ecosystem for years
- Finance and strategy members from Goldman Sachs and other market makers who bridge the gaps between DeFi and institutions