Singapore-based Web3 Startup Surpasses Series A Funding Round with $3.5 Million
Startale Labs, a Singapore-based web3 startup, has successfully completed its Series A funding round, raising an impressive $3.5 million. UVM Signum Blockchain Fund, Samsung Next Ventures, and Sony Network are among the high-profile investors who backed the firm at a valuation of $63.5 million.
The company raised the latest funds through a private placement of new shares, demonstrating the growing focus on the potential and growth of the Web3 industry.
Statement from the Team
Jun Watanabe, from Sony Network Communications, expressed excitement about strengthening their collaboration with Startale Labs. The partnership aims to leverage the technical expertise of Startale Labs in Web3 and the business experience of Sony Network Communications to create infrastructure that will facilitate global Web3 adoption and create new use cases.
On a Collaborative Mode
Startale Labs is known for embracing Web3 technology and enhancing multi-chain applications. The company’s partnership with Sony Network Communications aligns with its vision of establishing a global infrastructure to promote Web3 technologies on a mass scale.
Hot Take: Startale Labs on the Path to Revolutionize Web3 Technology
Startale Labs’ successful funding round and collaboration with industry giants position the company as a key player in driving the adoption and innovation of Web3 technology, marking a significant step in the industry’s evolution.
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