According to Techinasia's report, Singapore-based Web3 startup Startale Labs completed a $3.5 million financing round, with UVM Signum Blockchain Fund, Sony Network, and Samsung Next Ventures among the investors, with a post-financing valuation of $63.5 million. Startale Labs was founded in January 2023 and focuses on Web3 infrastructure development. As previously reported by BlockBeats, on June 28, 2023, Startale Labs received a $3.5 million investment from Sony Network Communications.