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> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-large wp-image-123701" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1024x127.jpg" sizes="(max-width: 696px) 100vw, 696px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1.jpg 1197w" alt="" width="696" height="86"></a></p> 
<p><iframe title="If You TIME This NEXT BIG Crypto Narrative Right YOU Could Make MILLIONS!!!" width="696" height="392" src="https://www.youtube.com/embed/9zkJ6k-R51M?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p> 
<h5><strong>Disclaimer</strong><br> The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence.</h5> 
<p>Copyright Altcoin Buzz Pte Ltd.</p> 
<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

Other articles published on Feb 23, 2024

Matrixport Forecasts Substantial Bitcoin Growth to $63,000 by 2024

3 Crypto Projects to Watch For In 2024: Optimism, Metal, & TWT

Solana NFT Sales Skyrocket to Over $5 Billion

Bitcoin Price Prediction: Is the Bull Run Coming to an End

Is This Historical Bull Run Pattern Finally Forming For Bitcoin?

Injective introduces CW-404 standard, pioneering token innovation

Join our free newsletter for daily crypto updates!