Singapore-based Startale Labs Raises $3.5 Million in Extended Seed Round
Singaporean web3 firm Startale Labs has secured an additional $3.5 million in funding from UOB Venture Management and Samsung Next, bringing its total seed round funding to $7 million. The company plans to use the funds to recruit top talent and develop web3 products.
Startale Labs was established in January 2023 and has received support from leading Asian enterprises such as Sony, Samsung, and UOB Venture Management. Its CEO, Sota Watanabe, expressed gratitude for the broadened potential brought by these partnerships.
The company aims to develop Astar Network, a popular public blockchain in Japan, and provide web3 infrastructure through the Startale Web3 Cloud. It has already deployed the beta version of the Startale Web3 Cloud through a joint venture with Sony Network Communications.
Hot Take: Startale Labs Gains Significant Support for Web3 Development
In an extended seed round, Singapore-based Startale Labs has raised an additional $3.5 million from UOB Venture Management and Samsung Next, bringing their total seed round funding to $7 million. With support from major Asian enterprises like Sony, Samsung, and UOB Venture Management, Startale Labs is well-positioned to expand its potential in the web3 space. The company plans to utilize the fresh capital to recruit top talent and further develop their web3 products.
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