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Unagi’s Seed Round Financing Led by Sisu Game Ventures

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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…

Unagis 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 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, the Web3 game studio, has successfully completed a seed round financing of $5 million, led by Sisu Game Ventures, a venture capital fund that focuses on gaming and interactive entertainment. This funding round also saw the participation of several other companies, including Sfermion, Signum Capital and 2B Ventures. This follows a $4.2 million investment from Binance Labs a few months earlier, bringing Unagi’s total funding to $12.3 million.

The success of Unagi’s seed round financing indicates a growing interest in the potential of Web3 gaming. Web3 games, built on blockchain technology, offer players the ability to own and trade in-game assets, creating new opportunities for monetization and player engagement. As the gaming industry continues to grow, investors are increasingly looking to Web3 gaming as an area of opportunity.

The fact that Unagi was able to secure seed round financing less than a year after its establishment, and with such high-profile investors, is a testament to the potential of the company’s vision and its team. The company’s ability to raise a total of $12.3 million in funding also gives it a significant advantage in terms of resources and market position, allowing it to compete with other Web3 gaming studios in a rapidly evolving industry.

Unagi’s decision not to disclose its new valuation is typical of start-up companies at this stage of funding, as they seek to maintain an element of mystery and market their potential to further investors. However, the fact that the new financing round doubled Unagi’s valuation suggests that investors have high expectations for the company’s future growth and success.

Overall, Unagi’s seed round financing is a positive sign for the Web3 gaming industry, indicating that investors are increasingly interested in backing start-ups in this space. As the industry continues to evolve and mature, it is likely that we will see more investment in Web3 gaming as companies seek to capitalize on the potential of this emerging market.

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