TechFlow News, according to Techinasia, Startale Labs, a Singapore-based Web3 startup, has raised $3.5 million in an extended Series A round. The funding was participated by UVM Signum Blockchain Fund, Sony Network, and Samsung Next Ventures, bringing the post-money valuation to $63.5 million.
Founded in January 2023, Startale Labs focuses on Web3 infrastructure development. Led by Sota Watanabe, the company builds core infrastructure and applications for Web3, integrated into the Astar Network blockchain. Meanwhile, Startale Labs has a subsidiary in Japan that specifically provides research, development, and consulting services for Web3 companies in the country. In June last year, it was reported that Startale Labs received a $3.5 million investment from Sony.
