2 min readMay 23, 2023

ICYMI: Sei Labs Raises $30M to Build the Fastest Layer 1

Sei Labs has raised $30 million in two strategic funding rounds from top investors, including Jump, Distributed Global, Multicoin, Asymmetric, Flow Traders, Hypersphere, and Bixin Ventures.

Sei Labs is incredibly grateful for the support of the investors and excited to work with them as we continue to push the boundaries of what’s possible in the world of digital assets.

As co-founder @jayendra_jog said, “This funding will accelerate our efforts to unlock the next cycle of new applications in Web3, enabling developers to build apps that are orders of magnitude more performant than before.”

Sei’s mission from the beginning has been to build the best infrastructure for exchanges. Infrastructure and applications come in cycles, and the goal is to unlock the next cycle of new applications.

Sei’s unique chain-level optimizations make Sei the fastest Layer 1 blockchain, allowing decentralized exchanges and trading apps to offer the best user experience with modern performance and scalability.

With more than 120 teams deploying on Sei ahead of mainnet and over 3.6 million unique users attracted to the latest public testnet, Sei Labs is proud of the growth and momentum achieved during the development phase.

Sei Labs wants to thank the amazing #Seilor community for their continued support! We look forward to sharing more updates as we embark on this exciting next chapter in Sei’s journey! For more information, visit the website at

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