Singapore-based Web3 tech company Startale Labs has received $3.5 million in fresh funding from UVM Signum Blockchain Fund and Samsung Next.
UVM Signum Blockchain Fund is a joint fund of Signum Capital and UOB Venture Management, the investment arm of Singapore’s United Overseas Bank.
Startale Labs, which is focused on developing multi-chain applications and infrastructure in collaboration with others, had earlier raised $3.5 million in seed funding from Sony Network Communications last year. The round also saw Jun Watanabe, president and representative director of Sony Network, being appointed as a director at the startup.
Startale Labs is valued at $63.5 million after its latest funding round.
Top shareholders in Startale Labs
