Data Vantage | Startale Labs, Gently, Thryve.Earth and Packworks pocket new funding

DealStreetAsia
4 min readFeb 8, 2024

Edition #346, 08 February 2024

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Singapore-based Web3 tech company Startale Labs has received $3.5 million in fresh funding from UVM Signum Blockchain Fund and Samsung Next.

UVM Signum Blockchain Fund is a joint fund of Signum Capital and UOB Venture Management, the investment arm of Singapore’s United Overseas Bank.

Startale Labs, which is focused on developing multi-chain applications and infrastructure in collaboration with others, had earlier raised $3.5 million in seed funding from Sony Network Communications last year. The round also saw Jun Watanabe, president and representative director of Sony Network, being appointed as a director at the startup.

Startale Labs is valued at $63.5 million after its latest funding round.

Top shareholders in Startale Labs

Source: DATA VANTAGE

Gently, an Indonesia-based personal care brand for mothers and kids, allotted shares worth [redacted] million to Northstar Ventures, [redacted], init 6 and other investors this week.

According to its regulatory filings, the company is raising a new round and has secured at least [redacted] million in fresh capital.

Founded in 2021 by Nyoman Anjani and Ramadhan Satrio, Gently secured an undisclosed amount in pre-seed funding from init 6, a venture capital firm launched by Bukalapak co-founders Achmad Zaky and Nugroho Herucahyono, last year.

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Other updates from DATA VANTAGE

Singapore-based climate tech company Thryve.Earth has allotted shares worth [redacted] million to Openspace Ventures, Capital Code and other investors. The allotment follows the close of a new seed round.

Singapore-based startup Prefer, which makes bean-free coffee by fermenting surplus food, issued shares worth nearly [redacted] million to Forge Ventures, 500 Southeast Asia, Entrepreneur First, coffee chain startup [redacted] and other investors this week.

Super League Triathlon, the organiser of a series of professional triathlon races, secured $1.2 million from investment firm RTP Global, which is also its majority shareholder, this week.

Singapore-based fintech platform Finn received fresh capital from Iterative and other investors this week.

Philippine startup Packworks, which provides local sari-sari store owners with an app for processing orders, keeping track of transactions, and managing their inventory, has received fresh funding from ADB Ventures, the venture arm of the Asian Development Bank (ADB).

Singapore-based AI-powered logistics and delivery startup SWAT Mobility has bagged $509.4k from IMC Ventures.

Catcha Group has increased its stake in F1 afterparty and hospitality services provider Amber Lounge by buying additional shares from its CEO, Cher Ng.

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