{"id":77043,"date":"2023-04-11T17:46:30","date_gmt":"2023-04-11T14:46:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77043"},"modified":"2025-09-10T20:59:28","modified_gmt":"2025-09-10T17:59:28","slug":"sei-blockchain-startup-raised-30-million-at-an-800-million-valuation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sei-blockchain-startup-raised-30-million-at-an-800-million-valuation\/","title":{"rendered":"Sei Blockchain Startup Raised $30 Million at an $800 Million Valuation"},"content":{"rendered":"<p>The Sei Network, a trading-focused blockchain team, raised $30 million at an $800 million valuation, according to <a href=\\\"https:\/\/techcrunch.com\/2023\/04\/11\/trading-focused-blockchain-sei-raises-30m-bringing-valuation-up-to-800m\/?guccounter=2\\\">TechCrunch<\/a>.<\/p>\n<p>The round included Jump Capital, Distributed Global, Multicoin Capital, Asymmetric Capital Partners, Flow Traders, Hypersphere Ventures, and Bixin Ventures.<\/p>\n<p>More than 120 projects have already been built on the blockchain. According to co-founder Jayendra Jog, the latest public testnet attracted about 3.6 million unique users and processed over 35 million transactions in under a month.<\/p>\n<p>In early January, SushiSwap <a href=\"https:\/\/forklog.com\/en\/news\/sushiswap-to-launch-sei-network-based-dex-for-futures-trading\">announced<\/a> plans to launch a decentralized futures-exchange built on Sei Network.<\/p>\n<p>The project team comprises former employees of Goldman Sachs, Databricks, Robinhood, Google and Nvidia.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Not only DeFi, but also other [applications] stand to benefit from trading. [\u2026] Our goal is to create the best infrastructure for exchanges,&#8221; Jog said.<\/p>\n<\/blockquote>\n<p>According to him, the funds will be used to seek &#8220;the right strategic partners, especially on the mainnet,&#8221; as well as to expand the project&#8217;s presence in the Asia-Pacific region.<\/p>\n<p>The Sei chief added that the project is still in public testing. The mainnet launch is planned for the second quarter of 2023.<\/p>\n<p>In March, the Conflux startup <a href=\"https:\/\/forklog.com\/en\/news\/conflux-developers-raise-10m-from-dwf-labs\">raised $10 million<\/a> from DWF Labs through the sale of CFX tokens from its treasury.<\/p>\n<p>In the same month, Radix, which is developing a &#8220;radically&#8221; new blockchain, <a href=\"https:\/\/forklog.com\/en\/news\/radix-blockchain-developers-raise-10-million-at-a-400-million-valuation\">raised $10 million<\/a> at a $400 million valuation from the same venture firm.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trading-focused Layer 1 blockchain Sei raised $30 million at an $800 million valuation.<\/p>\n","protected":false},"author":1,"featured_media":77044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1559,1133],"class_list":["post-77043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-sei-network","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"42","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=77043"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77043\/revisions"}],"predecessor-version":[{"id":77045,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77043\/revisions\/77045"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/77044"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=77043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=77043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=77043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}