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.

The article highlights the successful seed extension round raised by Saga, indicating positive sentiment towards the project and its potential in the web3 ecosystem.