In a world where the digital frontier is ever-expanding, Startale Labs, a fledgling Singapore-based web3 firm, emerges as a beacon of innovation and promise. With a fresh infusion of $3.5 million in an extended seed round from UOB Venture Management and Samsung's CVC arm, Samsung Next, this start-up's total seed funding escalates to an impressive $7 million. This milestone follows a prior investment of $3.5 million from Sony Network Communications in June of the previous year, mere months after the company's establishment in January 2023.
Under the leadership of CEO Sota Watanabe, Startale Labs is on a mission to harness the power of blockchain technology to foster transparency and inclusivity across various sectors. With the recent capital injection, the firm is poised to hire top-tier talent and spearhead the development of cutting-edge web3 products. Watanabe underscores the pivotal role that strategic partnerships with leading Asian enterprises like Sony, Samsung, and UOB Venture Management play in broadening the firm’s horizons and potential for impact. Source: BNN Breaking
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