Web3 startup Startale Labs secures $3.5M

Startale Labs, a Web3 company from Singapore, has raised $3.5M in their Series A follow-on funding, as reported by Alternatives.pe.

• Investor Confidence: With a post-money valuation of $63.5M, the round welcomed investments from UVM Signum Blockchain Fund, Sony Network, and Samsung Next Ventures.

• Pioneer: Established in January 2023, Startale Labs is at the forefront of Web3 infrastructure innovation, spearheaded by CEO Sota Watanabe.

• Integrated Solutions: The company excels in crafting core applications and infrastructure seamlessly integrated with the Astar Network blockchain.

• Strategic Focus: With Watanabe also leading Astar Foundation, Startale Labs emphasizes providing a Decentralized App hub, enhancing Web3's reach in the Japanese market.

• Local Expertise: The subsidiary in Japan focuses on sharpening its R&D and consultancy services, catering exclusively to the Japanese Web3 sector.

Back in June 2023, Startale Labs' synergy with Sony Network Communications yielded another $3.5M in seed funding, paving the way for a collaborative effort to bolster Web3's global infrastructure.