Silence Laboratories raises $4.1 million in a pre-Series A round; Drigmo has secured $1.25. million for social media app Yolk.fm; while Imaginary Ones has received an undisclosed amount of funding.
Silence Laboratories raises $4.1m in pre-Series A funding
Singapore’s Silence Laboratories, a startup specialising in developing multiparty computation (MPC) infrastructure, has secured $4.1 million in a pre-series A funding round.
The round was led by India-headquartered Pi Ventures and Kira Studio and joined by other angel investors, the company said in a statement.
The fresh capital will be used to expand its technology and business teams as well as to advance its research and development initiatives, the statement added.
Silence Laboratories was founded in 2021 by Jay Prakash, Andrei Bytes, and Tony Quek.
Forge Ventures leads Drigmo’s $1.25m pre-seed round
Singapore-based Drigmo, which is developing social media app Yolk.fm, has reportedly secured $1.25 million in a pre-seed round led by Forge Ventures.
Tech in Asia reported that the round also saw participation from Sequoia’s Scout Fund, DST Global, Temasek, and a group of angel investors including founders and CEOs from companies like Carro, Carousell, Tableall, and Locofy.ai.
The company was formed in 2022 by former Google employees Pieter-Paul Walraven, Zihui Chen, and Meiwin Fu who previously launched an app called Drigmo that allows users to save and share their favourite restaurants.
Animoca Brands invests in Imaginary Ones
Imaginary Ones, a Singaporean startup which was known for its non-fungible token (NFT) products in 2022, has secured an undisclosed amount of funding, according to a report.
Tech In Asia reported that the round was led by Cypher Capital, a crypto investment firm based in Dubai, while other participants included Animoca Brands, ED3N Ventures, and MH Ventures.
Imaginary Ones reportedly noted that the round was oversubscribed.
The company was founded by Chia and David Lee in 2022 and is reportedly expanding its repertoire into gaming, content, and merchandise due to NFT’s declining popularity.