Saga raises $5 million more in its latest round of funding.
Saga raises $5 million more in its latest round of funding.
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Saga raises $5M more in seed funding for Web3 protocol development

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

Saga, a game-focused Layer-1 protocol and developer ecosystem, has raised $5 million in a seed extension funding round.

Led by Placeholder, a premier venture capital firm specializing in decentralized protocols and Web3 services, this investment marks more progress for Saga, as this is the largest percentage stake in a pre-Layer-1 launch in Placeholder’s history.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.