Saga raises $6.5 million to build scalable ‘chainlets’ for web3 developers

Quick Take

  • The raise values Saga, which broke cover in March, at $130 million.
  • The protocol gives web3 developers access to dedicated “chainlets” to help scale their operations.

A protocol focused on carving out dedicated blockchain space for gaming and entertainment developers today announced a $6.5 million seed-stage fundraise.

Saga, which broke cover in March after it was founded in late 2021, is now valued at $130 million.

Investors involved in the fundraise — which was denominated in as-yet-unlaunched tokens — included Maven 11, Longhash Ventures, Hypersphere, Figment, Polygon Studios, Samsung NEXT, Chorus One, GSR, C2X, CRIT Ventures, Akash Network, Unanimous Capital, Strangelove Ventures, Tess Ventures, Merit Circle, Hustle Fund, Polymer, Zaki Manian, Jae Kwon, Garrette Furo, Alex Shin, Nick Tomaino and other angel backers.

Saga had previously raised $2 milli