Unagi Secures $5 Million in Seed Round Financing Led by Sisu Game Ventures
It is reported that Unagi, the Web3 game studio, completed a seed round financing of US $5 million, Sisu Game Ventures led the investment, and companies such a…
It is reported that Unagi, the Web3 game studio, completed a seed round financing of US $5 million, Sisu Game Ventures led the investment, and companies such as Sfermion, Signum Capital and 2B Ventures participated in the investment. The financing ended at the beginning of this year, only a few months after the start-up company obtained $4.2 million from Binance Labs. The total amount raised by Unagi was US $12.3 million. The company said that the new financing doubled the valuation of the start-up company, but did not disclose it.
Web3 game studio Unagi completed $5 million seed round financing
Interpretation of the news:
Unagi, a Web3 game studio, has recently secured a seed round financing of $5 million, led by Sisu Game Ventures. Other companies including Sfermion, Signum Capital, and 2B Ventures also participated in the investment. This comes just months after Unagi obtained $4.2 million from Binance Labs, bringing the total raised to $12.3 million.
This new funding has reportedly doubled Unagi’s valuation, although the company has not confirmed the exact figure. Unagi has been ambitious in its efforts to develop blockchain-based games and has been actively exploring solutions for popular titles such as Minecraft and Roblox.
The participation of reputable investors such as Sisu Game Ventures and Signum Capital, who specialize in blockchain and gaming investments respectively, indicates a potential confidence in Unagi’s business prospects. This is further supported by the fact that this seed round investment has followed quickly after the previous Binance Labs funding.
The timing of this seed round financing may suggest that Unagi is poised to ramp up its development efforts and perhaps expand its team. As the popularity of blockchain games continues to rise, it is becoming increasingly clear that there is significant potential in this emerging market.
Overall, Unagi’s impressive fundraising efforts and focus on developing blockchain-based games signal a promising future for the company. As blockchain technology continues to gain mainstream adoption, this seed round financing may have positioned Unagi as a promising player in the Web3 gaming space.
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