Web3 Gaming Protocol Saga Raises $5 Million Ahead of Mainnet Launch, Community Airdrop

Nov 20, 2023

Saga, a protocol aimed at helping Web3 game developers launch their own blockchains, has announced a $5 million seed extension round spearheaded by venture capital firm Placeholder.

The investment brings Saga's total funding to $13.5 million and comes just months before Saga launches its mainnet in January. For Placeholder, this is the largest pre-Layer-1 stake it's taken in a portfolio company.

The main appeal of Saga, according to co-founder and CEO Rebecca Liao, is its scalability.

This article is for informational purposes only. It is not offered or intended to be used as investment or other advice.

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