Startale Labs Secures $3.5 Million in Series A Funding for Growth
Singapore-based startup, Startale Labs, has successfully completed its Series A funding round, raising an impressive $3.5 million. UVM Signum Blockchain Fund, Samsung Next Ventures, and Sony Network were among the notable investors who participated in the round, valuing the company at $63.5 million.
The funding was secured through a private placement of new shares, highlighting the growing interest in and potential of the Web3 industry.
Jun Watanabe, a representative from Sony Network Communications, expressed his excitement about the collaboration with Startale Labs, praising the company for its advanced Web3 technologies and expertise. The partnership aims to leverage Startale Labs’ knowledge and technical capabilities in Web3, along with Sony Network Communications’ experience and business fields, to create the necessary infrastructure for global Web3 adoption. This collaboration is expected to generate new and innovative Web3 use cases, delivering unprecedented value.
Startale Labs is renowned for its commitment to Web3 technology and its efforts to enhance multi-chain applications through its infrastructure. The company is actively seeking collaborations, particularly with Sony Network Communications, which shares its vision of establishing a global infrastructure to promote widespread adoption of Web3 technologies.
Tags: funding