2024

Astar

Bitcoin

<h4><strong>Startale Labs, known for prominent Web3 projects such as Startale Web3 Cloud and Astar, has secured an extra $3.5 million in funding from UOB Venture Management, which is a division of the Singaporean financial company UOB.</strong></h4> 
<p><span style="font-weight: 400;">The report noted that Samsung’s corporate venture capital arm, Samsung Next, also participated in the extended fundraising round. </span></p> 
<h5><strong>Startale Labs Raises $3.5M from UOB, Samsung</strong></h5> 
<p><span style="font-weight: 400;">Startale Labs remarked that the additional funds, along with the $3.5 million investment from Sony Network Communications in June of last year, brought the total seed round funding to $7 million.</span></p> 
<p><span style="font-weight: 400;">In addition, the team plans to deploy the funds to build quality Web3 products and hire good talent. In addition, the business revealed that it has <a href="https://startale.org/blog/38815" target="_blank" rel="noopener">partnered</a> with Sony Network Communications to launch a blockchain project. The Web3-focused company plans to leverage these funds and partnerships to boost its overall growth.&nbsp;</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">We are thrilled to announce that we have closed a $3.5m seed extension round and raised from UOB Venture Management and Samsung Next. Together with a $3.5m seed investment from Sony, we raised $7m at the seed round in total. Let’s go bold.<a href="https://t.co/u5zQfgRK2g">https://t.co/u5zQfgRK2g</a> <a href="https://t.co/qrHl4adniL">pic.twitter.com/qrHl4adniL</a></p> 
 <p>— Startale Labs (@StartaleHQ) <a href="https://twitter.com/StartaleHQ/status/1760456630796431766?ref_src=twsrc%5Etfw">February 22, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">Reacting to the partnership, Sota Watanabe, chief executive officer of Startale Labs, said, “Although Startale was established in January 2023, within a year, we have received support from leading Asian enterprises such as Sony, Samsung, and UOB Venture Management, significantly broadening our potential.” </span></p> 
<p><span style="font-weight: 400;">Watanabe added: “With the funds raised, we aim to invest in product development and recruitment to create a truly representative Web3 company in Asia and beyond.”</span></p> 
<p><span style="font-weight: 400;">In addition, Paul Ng, the executive director of UOB Venture Management, hailed the successful seed round as a step in the right direction. Ng believed that “onboarding new users to Web3 will be enabled by real-world use cases.”&nbsp;</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Startale Labs has successfully secured $3.5m in seed funding from <a href="https://twitter.com/sonynetworkcom?ref_src=twsrc%5Etfw">@sonynetworkcom</a> </p> 
 <p>To realize the mission of "Web3 for Billions", Startale will continue its journey to becoming a global leading web3 company. <a href="https://t.co/0EcMhz7e0x">https://t.co/0EcMhz7e0x</a></p> 
 <p>— Startale Labs (@StartaleHQ) <a href="https://twitter.com/StartaleHQ/status/1675717951440445440?ref_src=twsrc%5Etfw">July 3, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">He said: “We are excited to support Startale, who have the expertise and experience in building successful Web3 products, to bring billions of users to Web3.”</span></p> 
<h5><strong>The Growing Blend of Web3 and Web2 Companies</strong></h5> 
<p><span style="font-weight: 400;">The partnership reflects the ongoing <a href="https://www.altcoinbuzz.io/cryptocurrency-news/serenity-shield-q1-updates/" target="_blank" rel="noopener">support</a> and collaboration between Web3 firms and traditional financial companies. Several mainstream companies, such as Meta, Microsoft, and Sony, have all made significant efforts in Web3.&nbsp;</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/StartaleHQ?ref_src=twsrc%5Etfw">@StartaleHQ</a> is one of the core development companies on Astar Network and is now backed by two industry titans, UOB Venture Management and Samsung NEXT.</p> 
 <p>Both organizations share Startale's vision of developing itself as the leading web3 company in Asia and continuing product… <a href="https://t.co/Wx9y7h35id">pic.twitter.com/Wx9y7h35id</a></p> 
 <p>— Astar Network (@AstarNetwork) <a href="https://twitter.com/AstarNetwork/status/1760454325841649746?ref_src=twsrc%5Etfw">February 21, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">Interestingly, Samsung Next has invested in prominent Web3 projects such as Zengo, Alchemy, Axie Infinity, The Sandbox, etc.</span></p> 
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<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/startale-labs-nets-3-5m-from-uob-samsung-in-seed-extension/">Startale Labs Nets $3.5M from UOB, Samsung in Seed Extension</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Startale Labs Nets $3.5M from UOB, Samsung in Seed Extension

Altcoin Buzz

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