Sei Network developer raising funds at $400 million token valuation: sources

Quick Take

  • Sei Labs is raising Series A funding at a $400 million token valuation, three sources told The Block.
  • The developer of the Sei Network is expected to launch the mainnet and conduct an airdrop in the coming months, according to co-founder Jayendra Jog.
Sei Labs, a crypto startup building a Layer 1 blockchain network, is raising Series A funding via a token-plus-equity-warrant round.

Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.

You can unlock at any time.*
No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.
*a 2% locking fee will be added at the time of locking.


To contact the editors of this story:
Adam James at
[email protected]
Nathan Crooks at
[email protected]