In today’s briefing:
- Singapore-based web3 startup nets $3.5m funding
- NTU-incubated startup Amperesand charges ahead with funding
- Prefer scores US$2M funding to take its bean-free coffee brand to Philippines | e27
- UNOAsia secures US$32.1M to provide digital banking services in Philippines | e27
Singapore-based web3 startup nets $3.5m funding
Startale Labs, a Singapore-based Web3 startup, has raised US$3.5 million in a series A follow-up round, according to Alternatives.pe.
UVM Signum Blockchain Fund, Sony Network, and Samsung Next Ventures were some of the investors in the round, which was raised at a post-money valuation of US$63.5 million.
Founded in January 2023, Startale Labs specializes in Web3 infrastructure development. Helmed by Sota Watanabe, the company creates core infrastructure and applications for Web3 that is integrated onto the Astar Network blockchain.
NTU-incubated startup Amperesand charges ahead with funding
- Amperesand, a Singapore-based electrical infrastructure company, has raised over US$12.4 million in seed funding.
- Xora Innovation, Temasek’s deeptech early-stage investment platform, co-led the round with venture capital firm Material Impact.
- TDK Ventures, the venture arm of Japanese electronics firm TDK, also participated, along with Foothill Ventures.
Prefer scores US$2M funding to take its bean-free coffee brand to Philippines | e27
- Prefer, a bean-free coffee startup in Singapore, has raised US$2 million in seed funding led by Forge Ventures.
- 500 Global, A*ccelerate, Better Bite Ventures, Sopoong Ventures, SEEDS Capital, Entrepreneur First, and Pickup Coffee also participated in the round.
- The capital allows Prefer to make significant investments in growing the capacity of its production facility, expanding its ground coffee and ready-to-drink bottled beverages across Asia Pacific, starting with Singapore and the Philippines.
UNOAsia secures US$32.1M to provide digital banking services in Philippines | e27
- UNOAsia, the company behind UNO Digital Bank in the Philippines, has raised US$32.1 million in a pre-Series B investment round comprising equity and debt.
- The investors include Gateway Partners, Creador Private Equity, and Nextinfinity Management.
- This round brings UNOAsia’s total raise to approximately US$75 million.
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