Saga Announces Seed Extension Raise of $5M for Accelerated Growth

Crypto Daily
Crypto Daily

20 Nov 2023 1:00 PM

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.

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You May Ask

Who led the $5 million seed extension round for Saga?How much has Saga raised in total to date?What is the significance of this investment for Placeholder?Which other investors participated in this round?What is Saga's role in the web3 ecosystem?

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