Sei Foundation Launches $65 Million Venture Fund for DeSci Startups
The Sei Foundation has established a $65 million venture fund named Sapien Capital—Open Science Fund I to support decentralized science (DeSci) startups on the Sei blockchain. Investments will range from $100,000 to $2 million and will target both tokens and equity, with the fund expected to be deployed over three to four years.
Investment Focus Areas
- Wearables
- User-owned data collectives
- Gamified drug discovery
These areas aim to bridge gaps between specialized scientific fields and broader adoption, addressing challenges in traditional life sciences and biotech.
DeSci's Growing Importance
DeSci merges blockchain technology with scientific research, fostering decentralized communities for transparent funding decisions. Recent investments from Binance Labs and a16z indicate increasing interest in this sector.
Barlow highlighted DeSci's potential for significant growth across healthcare, science, and biotech. To enhance credibility, the Sei Foundation plans collaboration with respected academic institutions and leading life science companies.
SEI has experienced a 45% increase in trading volume in the last 24 hours, with its price at $0.314, reflecting growing activity around the token.