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Sui
Series B
Past
08 Sep - 08 Sep 2022
Sui is a high-performance Layer 1 blockchain developed by Mysten Labs, designed to scale decentralized applications and seamlessly onboard the next generation of Web3 users.
On September 8, 2022, Mysten Labs announced the initial close of its Series B financing round, securing a $300 million investment that valued the company at over $2 billion. The round was led by FTX Ventures, with participation from major institutional entities including a16z crypto, Jump Crypto, Apollo, and Binance Labs. During the transaction, participating investors acquired corporate equity alongside token warrants for the native SUI asset. In March 2023, Mysten Labs strategically completed a buyback of the exact equity stake and token warrants previously held by the FTX bankruptcy estate for $96 million - ensuring the long-term integrity of the token ecosystem.
CoinLaunch Score:
Last update:
High
04 Aug 2026
Sui - Series B Overview
start date:
08 Sep 2022
end date:
08 Sep 2022
price:
N/A
tokens for sale:
N/A
Raise:
$300,000,000
Min. Buy:
N/A
Max. Buy:
N/A
Industry:
Blockchain Infrastructure
Lock-up:
12-month cliff followed by linear release across a longer tail
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