Unagi raises US$5 million in seed round financing led by Sisu Game Ventures

02/17/2023 07:09 • Metaverse Matters • 134 views

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

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Unagi, the Web3 game studio, has completed its second round of seed round financing of US$5 million, which was led by Sisu Game Ventures. Other companies such as Sfermion, Signum Capital, and 2B Ventures also participated in the investment. This is the company’s second fundraising round in the span of a few months, after obtaining US$4.2 million from Binance Labs. The total amount raised by Unagi is now US$12.3 million.

Unagi is a start-up company that develops and publishes blockchain-based games. They are known for creating games with unique game mechanics and are committed to building a new ecosystem for gamers. The company said that the latest financing round doubled its valuation, but the exact figure was not disclosed to the public.

The additional funds will enable Unagi to develop their innovative gaming technology and expand their team. The company plans to collaborate with other blockchain-based companies to create a new breed of games that take advantage of the technology’s unique features. Unagi aims to revolutionize the gaming industry by utilizing blockchain technology to create more opportunities for its users.

Sisu Game Ventures, the leading investor in the latest financing round, is a venture capital firm focused on investing in game studios. They believe that Unagi has the potential to transform the gaming industry and are committed to supporting their growth by providing access to resources and networks.

The success of Unagi’s fundraising efforts highlights the growing potential of blockchain technology in gaming. The gaming industry is experiencing rapid growth, and blockchain technology offers opportunities for developers to create more personalized, secure, and immersive gaming experiences. As more companies like Unagi continue to explore blockchain-based gaming, the industry is expected to experience significant growth in the coming years.

In conclusion, Unagi’s successful second seed round financing demonstrates the growing potential for blockchain technology in the gaming industry. The company’s innovative approach to developing games is attracting significant investments from venture capital firms, providing the necessary support to continue developing groundbreaking gaming technology.

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Unagi raises US$5 million in seed round financing led by Sisu Game Ventures

Web3 game studio Unagi completed $5 million seed round financing

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