Saga Announces Seed Extension Raise of $5M for Accelerated Growth
Saga Announces Seed Extension Raise of $5M for Accelerated Growth...
- Saga, a top Layer-1 protocol and developer ecosystem in web3, has raised $5 million in a seed extension round led by Placeholder, a venture capital firm that invests in decentralized protocols and web3 services.
- This investment represents the largest percentage stake in a pre-Layer-1 launch in Placeholder's history.
- Other investors in this round include Longhash Ventures, Com2uS, Dispersion Capital, Red Beard Ventures, Tykhe Ventures, and AVID3.
- Saga has raised a total of $13.5 million to date.
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The article highlights the successful seed extension round raised by Saga, indicating positive sentiment towards the project and its potential in the web3 ecosystem.