About Saga
Saga is a company based in Los Altos (United States) founded in 2021 by Bogdan Alexandrescu, Jacob McDorman, Rebecca Liao, and Jin Kwon. It operates as a Blockchain-as-a-Service, and Platform-as-a-Service. Saga has raised $13.5 million across 3 funding rounds from investors including Com2uS, Merit Circle and Akash Network. Saga offers products and services including Saga Protocol, SagaEVM, and Liquidity Integration Layer (LIL). Saga operates in a competitive market with competitors including NATIX Network, YOOM, DMarket, Futureverse and Vatom, among others.
- Headquarter Los Altos, United States
- Founders Bogdan Alexandrescu, Jacob McDorman, Rebecca Liao, Jin Kwon
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Sectors
TechnologyFinancial Services
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Phone
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Website
*********
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Social
*********
- Legal Name Saga Songs Supply Chain Pte. Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13.5 M (USD)
in 3 rounds
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Latest Funding Round
$5 M (USD), Seed
Nov 20, 2023
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Investors
Com2uS
& 31 more
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Employee Count
Employee Count
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Products & Services of Saga
Saga offers a comprehensive portfolio of products and services, including Saga Protocol, SagaEVM, and Liquidity Integration Layer (LIL). The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Dedicated Layer-1 blockchain creation is enabled with scalability.
EVM-compatible tools are provided for blockchain development ease.
Liquidity solutions are offered for decentralized exchange integration.
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Funding Insights of Saga
Saga has successfully raised a total of $13.5M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $5 million completed in November 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $5.0M
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First Round
First Round
(01 Jun 2021)
- Investors Count 32
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Seed - Saga | Valuation | Placeholder | |
| May, 2022 | Amount | Seed - Saga | Valuation |
investors |
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| Jun, 2021 | Amount | Seed - Saga | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Saga
Saga has secured backing from 32 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Com2uS, Merit Circle and Akash Network. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are directed toward decentralized information networks by Placeholder.
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Founded Year | Domain | Location | |
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Blockchain startups are incubated and funded by the firm.
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Founded Year | Domain | Location | |
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Dispersion Capital is focused on investing in decentralized web3 infrastructure.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Saga
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Saga
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Saga Comparisons
Competitors of Saga
Saga operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NATIX Network, YOOM, DMarket, Futureverse and Vatom, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Network providing decentralized mapping data for autonomous driving and smart applications
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| domain | founded_year | HQ Location |
AI platform for metaverse content and NFT marketplace is operated.
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| domain | founded_year | HQ Location |
Virtual assets are traded on a blockchain-based platform.
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| domain | founded_year | HQ Location |
AI-enabled metaverse platform
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| domain | founded_year | HQ Location |
An online marketplace for NFTs in the metaverse is facilitated.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Saga
Frequently Asked Questions about Saga
When was Saga founded?
Saga was founded in 2021.
Where is Saga located?
Saga is headquartered in Los Altos, United States. It is registered at Los Altos, California, United States.
Who is the current CEO of Saga?
Rebecca Liao is the current CEO of Saga. They have also founded this company.
Is Saga a funded company?
Saga is a funded company, having raised a total of $13.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Jun 01, 2021.
What does Saga do?
Saga is established as a platform for launching dedicated, scalable, and interoperable Layer-1 blockchains with EVM compatibility. Solutions are provided to eliminate network congestion and high gas fees through infinite horizontal scaling and gasless transactions. The ecosystem supports innovators in Web3 gaming and AI agent environments, fostering creativity and application development. Services are extended to developers with tools and resources for seamless blockchain deployment across various sectors.
Who are the top competitors of Saga?
Saga's top competitors include NATIX Network, DMarket and Vatom.
What products or services does Saga offer?
Saga offers Saga Protocol, SagaEVM, and Liquidity Integration Layer (LIL).
Who are Saga's investors?
Saga has 32 investors. Key investors include Com2uS, Merit Circle, Akash Network, Placeholder, and XPLA GAMES.
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