PraSaga Announces Close of First Raise with Support of Three Advisory Partners

Las Vegas NV, January 10, 2022, PraSaga has closed its first capital raise with the help of advisory partners The Grow Group, Latitude Blockchain Services, and Moonboots Capital.

The initial round, which brought in $4 million, was generated primarily through private token sales to small investment firms and individual investors. Each advisory partner helped with the development of PraSaga’s marketing collaterals in preparation for the token sale. They also packaged the sale and distributed it to their purchaser networks.

Peter Carroll, CEO of The Grow Group, said, “PraSaga’s single-layer solution and smart asset model are going to take blockchain to new levels of security, efficiency, and usability. It comes as no surprise to us that the initial raise has been so successful, and we’re proud to be involved with a project with such global potential.”

The Grow Group, led by Peter Carroll, is an incubation network for blockchain startups that provides angel investment, marketing support, and expert advisory services. They facilitate strategic partnerships and create cutting-edge content for blockchain entrepreneurs.

Latitude Blockchain Services is led by Director Corey Billington and Josh Meier, Managing Director of Andromeda Capital. They mobilize a robust network of service providers and specialists, including marketers, developers, designers, and venture capitalists to meet the various needs of blockchain businesses.

Moonboots Capital is a venture capital network that provides direct seed funding to blockchain startups and assists projects with content creation and strategy. Moonboots cultivates a community of blockchain innovators and influencers that foster value-adding partnerships.

“We are grateful to our great team of advisors. With their guidance, hard work, and sales efforts, PraSaga was able to complete the private token sale in a short window,” stated Prasaga CEO Michael Holdmann.

PraSaga was born from an IoT smart city project that was building on the blockchain. As they set out to build a network, the inability of smart contracts to scale on the open blockchain prevented them from scaling their network. After scanning the blockchain landscape, they didn’t find any projects that solved this problem – so they set out to solve it themselves. PraSaga’s solution to blockchain’s scalability problem is the smart asset model.

PraSaga is building next generation blockchain technology that is completely scalable, decentralized, and secure. It is the world’s first global operating system running on single-layer blockchain, providing a flexible programming environment for developers, powers real-world applications for enterprises, and supports traceable, secure transactions for all users.

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PR & Media Contact:
Dominic Jonas