TechFlow News — Sei Labs, a cryptocurrency startup, has raised $5 million in seed funding led by Multicoin Capital, with participation from Coinbase Ventures, GSR, Flow Traders, Hudson River Trading, Delphi Digital, Tangent, and others.
Sei Labs was founded by Jeff Feng, a former technology investment banker at Goldman Sachs, and Jay Jog, a former software engineer at Robinhood. The company is building a blockchain designed to accelerate DeFi transactions. Sei Labs' protocol is set to launch later this year and will feature a built-in order book, enabling DeFi projects and institutional market makers to process trades and access liquidity at faster speeds. (Bloomberg)Source




