Sei Network completes $30 million financing at a valuation of $800 million, with participation from IOBC Capital and others

ChainCatcher news, Sei Network announced the completion of a $30 million financing round at a valuation of $800 million, with participation from IOBC Capital, Distributed Global, Multicoin Capital, Asymmetric Capital Partners, Flow Traders, Hypersphere Ventures, Jump Capital, and Bixin Ventures. The funds will be used for development and marketing in the Asia-Pacific region.

It is reported that Sei is still in the public testnet phase and plans to launch its mainnet later this year.

According to the crypto data platform RootData, Sei Network previously completed a $5 million financing round, with past investors including Multicoin Capital, Coinbase Ventures, GSR, Flow Traders, and Hudson River Trading. The new financing round brings Sei Network's total funding to $35 million to date. (Source link）