Sei Labs Valuation, Funding & Investors
Sei Labs is valued at $800M as of April 2023.
Last Sei Labs valuation
$800M
Series A · Apr 2023
Last Sei Labs funding round
$30M
Series A · Apr 2023
Cumulative funding Sei Labs raised
$35M
across 2 funding rounds
Key investors in Sei Labs
Multicoin Capital
Hypersphere Ventures
Flow Traders
Coinbase Ventures
GSR
Delphi Ventures
About Sei Labs
Sei Labs builds the Sei Network, a Layer 1 blockchain built on Cosmos and optimized for trading applications, capable of processing up to 20,000 orders per second with 500-millisecond transaction times. The network supports decentralized exchanges, markets, and DeFi applications, positioning it among the faster blockchains built for high-frequency trading use cases. Its team includes alumni from Goldman Sachs, Databricks, Robinhood, Google, and Nvidia.
Founded
2021
HQ
United StatesWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based
Valuation
$800M (Apr 2023)
Sei Labs Valuation
Sei Labs is currently valued at $800M, based on its Series A in April 2023. Read the announcement ↗
The $30M round included MH Ventures, Asymmetric, Distributed Global, Foresight Ventures, Aegis Ventues and 8 other investors.
Sei Labs valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2023 | Series A | $800M |
Sei Labs Funding History
Sei Labs has raised a total of $35M across 2 funding rounds.
Sei Labs' first fundraising round was a $5M seed round in August 2022. The most recent completed round was a $30M Series A in April 2023.
Sei Labs funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2023 | Series A | MH Ventures; Asymmetric; Distributed Global; Foresight Ventures; Aegis Ventues; Multicoin Capital; BlockBase Ventures; Flow Traders; Hypersphere Ventures; NoLimit Holdings; Jump Crypto; Bixin Ventures; Hyperithm | $30M | $800M | Sei Labs develops the Sei Network, a Layer 1 blockchain optimized for trading applications, built on Cosmos with chain-level optimizations for high-speed decentralized exchanges, markets, and DeFi. It supports up to 20,000 orders per second with 500 milliseconds per transaction, positioning it as one of the fastest blockchains for high-frequency trading. The team includes alumni from Goldman Sachs, Databricks, Robinhood, Google, and Nvidia. On April 11, 2023, Sei Labs raised $30 million across two strategic funding rounds at an $800 million post-money valuation. Investors included Aegis Ventures, Asymmetric, Bixin Ventures, BlockBase Ventures, Distributed Global, Flow Traders, Foresight Ventures, Hyperithm, Hypersphere Ventures, Jump Crypto, MH Ventures, and Multicoin Capital. The funds aimed to expand presence in the Asia-Pacific region, secure strategic partners ahead of mainnet launch, and support ecosystem growth. At the time, Sei was in public testnet phase, having processed over 35 million transactions and attracted 3.6 million unique users in under a month since March 13, 2023. Over 120 projects were building on the network, including DeFi apps, NFTs, gaming, wallets, and DEXs. The mainnet was planned for Q2 2023. This followed a $5 million seed round and included a $50 million ecosystem fund launch for DeFi liquidity. Sei competed with other L1 blockchains by focusing on trading infrastructure, differentiating from general-purpose networks not optimized for real-time financial applications. |
| Aug 2022 | Seed | Multicoin Capital (lead); Hudson River Trading; Coinbase Ventures; GSR; Tangent; Flow Traders; Hypersphere Ventures; Delphi Ventures; Kronos Research | $5M | - | - |
Who has invested in Sei Labs?
19 investors have backed Sei Labs across its funding rounds, including Multicoin Capital, Hypersphere Ventures, Flow Traders, Coinbase Ventures, GSR and Delphi Ventures.
Lead investors include Multicoin Capital.
Sei Labs Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Austin, TX | 2 | Lead | Aug 2022 | |
 Amsterdam | 2 | Participant | Aug 2022 | |
| Miami, FL | 2 | Participant | Aug 2022 | |
 London | 1 | Participant | Apr 2023 | |
| Portland, OR | 1 | Participant | Apr 2023 | |
| Los Angeles, CA | 1 | Participant | Apr 2023 | |
| New York City, NY | 1 | Participant | Aug 2022 | |
 Singapore | 1 | Participant | Apr 2023 | |
 South Korea | 1 | Participant | Apr 2023 | |
| San Francisco, CA | 1 | Participant | Aug 2022 | |
| London | 1 | Participant | Aug 2022 | |
 Ho Chi Minh City | 1 | Participant | Apr 2023 | |
| Singapore | 1 | Participant | Aug 2022 | |
This data is available for Pro users. Sign up to see all 19 Sei Labs investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialSei Labs Competitors
Sei Labs competitors include listed companies like BitGo Holdings and HashKey Holdings, and private ones like Elixir, Freechat, Jito and QuickNode.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| New York City, NY | Private | - | - | $800M | - | |
 Hong Kong | Private | $40M | - | $800M | 20.0x | |
| Washington, DC | Private | - | - | $800M | - | |
| Miami, FL | Private | - | - | $800M | - | |
| United States | Publicly listed | $16B | ($9M) | $795M | 5.5x | |
| Hong Kong | Publicly listed | $92M | ($109M) | $884M | - |
Sei Labs Public Comps
Sei Labs is still privately-owned, but its public comps include BitGo Holdings, HashKey Holdings, Indokripto Koin Semesta, Rhino Bitcoin, Stewards, OSL Group, Coincheck Group, Bakkt, Chaince Digital and ProCap Financial.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $16B | ($9M) | 0.1x | 5.5x | (125.1x) | 125.4x | |||
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
| $16M | $7M | 36.9x | - | 81.1x | - | |||
| $478K | ($417K) | 1242.8x | - | (1423.4x) | - | |||
| - | - | - | - | - | - | |||
| $62M | ($48M) | 16.6x | 11.3x | (21.7x) | (23.2x) | |||
| $3.1B | $354K | 0.2x | 0.2x | 1312.3x | (189.0x) | |||
| $2.3B | ($98M) | 0.1x | 0.2x | (2.9x) | (27.3x) | |||
This data is available for Pro users. Sign up to see all Sei Labs competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Sei Labs
| When was Sei Labs founded? | Sei Labs was founded in 2021. |
| Where is Sei Labs headquartered? | Sei Labs is headquartered in United States. |
| Is Sei Labs publicly listed? | No, Sei Labs is a private, VC-backed company. |
| What is Sei Labs' valuation? | Sei Labs was last valued at $800M in its Series A in April 2023. |
| How much funding has Sei Labs raised? | Sei Labs has raised $35M across 2 funding rounds. |
| What was Sei Labs' last funding round? | Sei Labs' last funding round was a $30M Series A in April 2023. |
| Who are Sei Labs' investors? | Sei Labs' investors include Multicoin Capital, Flow Traders, Hypersphere Ventures, MH Ventures, Asymmetric, Distributed Global, Hudson River Trading, Foresight Ventures, Aegis Ventues, Coinbase Ventures and 9 others. |
| Which companies are comparable to Sei Labs? | Companies comparable to Sei Labs include Elixir, Freechat, Jito, QuickNode, BitGo Holdings and HashKey Holdings. |
See companies similar to Sei Labs
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.