Sei Foundation launches $65 million DeSci venture fund

Odaily News The Sei Foundation has launched a $65 million venture fund focused on decentralized science (DeSci). Justin Barlow, Sei Foundation’s head of business development and investments and a former investor at Solana Ventures, revealed that the venture fund, called “Sapien Capital — Open Science Fund I,” will invest exclusively in DeSci startups built natively on the Sei blockchain. Barlow said the Sei Foundation has fully committed $65 million to the fund, but may work with external investors or limited partners in the future.