D3 Labs Secures Seed Round Funding from Top Investors

04/26/2023 02:24 • Tech Ticker • 128 views

According to reports, Web3 startup D3 Labs has announced that it has obtained seed round funds from several investors, including Saison Capital, Kingsys Capital, Arkana Capital, EX Capital, Qredo, DS/X Ventures, as well as UOB Venture Management and Signum Capital’s UVM Signum Blockchain Fund.

Web3 startup D3 Labs announces completion of seed round financing

D3 Labs, a Web3 startup, recently announced that it has successfully obtained seed round funds from several high-profile investors. Among the investors are Saison Capital, Kingsys Capital, Arkana Capital, EX Capital, Qredo, DS/X Ventures, and UOB Venture Management, as well as the UVM Signum Blockchain Fund managed by Signum Capital.

What is D3 Labs?

Before diving into the specifics of their recent funding success, it’s important to understand what D3 Labs does. D3 Labs is a Web3 platform that focuses on developing tools and services that assist in DeFi and NFT infrastructure. Their commitment to providing open-source technology and collaboration with developers sets them apart from other startups in the crypto and decentralized finance space.

The Significance of Seed Round funding

Securing seed round funding is a significant milestone for any startup, particularly those in the early stages of development. This initial capital can be used to help cover operational costs and hire talent that a startup needs to become successful.
In the case of D3 Labs, this funding marks a critical point in their journey. It will enable them to advance their agenda and meet their development goals. With the industry’s increased emphasis on creating more sustainable infrastructure, the timing of the funding could not be any better.

Investors guide D3 Labs towards success

D3 Labs’ continued success and growth can be attributed in large part to the support they received from the carefully selected group of investors. Kingsys Capital is recognized as one of the leading venture capital firms in Asia, investing in technology firms across various industries like fintech, cryptocurrencies and gaming. Arkana Capital and EX Capital both have a focus on blockchain-based enterprises, and Qredo provides a secure multi-party computation platform for private data sharing.
DS/X Ventures is a platform that specializes in investing in blockchain infrastructure, and UOB Venture Management has an extensive portfolio of companies that specialize in disruptive technologies. The UVM Signum Blockchain Fund is jointly managed by UCIM (University of Geneva’s venture capital arm) and Signum Capital and makes early-stage investments in blockchain startups.
All these investments indicate that D3 Labs has a solid foundation to build upon and are likely to continue in the path of growth and innovation.

Future outlook

D3 Labs’ accomplishment comes with great expectations from their investors regarding the future of their product offering. Certainly, this latest seed round investment will encourage the startup to continue providing open-source solutions and championing collaboration around DeFi and NFT infrastructure.
As the decentralized finance ecosystem continues to grow and become more complex, there is a need for more platforms and services that support it. D3 Labs is in a unique position to deliver on this consumer demand while making a difference in the industry.
# Conclusion
The seed round funding from these significant investors is a massive boost for D3 Labs. It shows that the Web3 ecosystem, as well as the crypto and decentralized finance industries, are gaining more mainstream attention. The success of the funding will help D3 Labs advance their vision, meet their development goals, and ultimately build better infrastructure and services for the broader Web3 ecosystem.
# FAQs

1. What is seed round funding?

Seed round funding is an initial investment that helps startups cover operational costs and invest in human resources. It is typically raised after an idea has been validated, and it is often when the startup is in the early stages of development.

2. What is Web3?

Web3 is the next evolution of the internet that facilitates decentralized applications and services. This emerging ecosystem includes blockchain technology, smart contracts, and decentralized protocols.

3. Who are the investors in D3 Labs?

Among the seven investors that participated in D3 Lab’s seed round, Kingsys Capital, Arkana Capital, EX Capital, and UOB Venture Management are venture capital firms that specialize in emerging technologies. Qredo provides a secure multi-party computation platform for private data sharing, and DS/X Ventures is a blockchain infrastructure investor. Finally, the UVM Signum Blockchain Fund is a blockchain investment platform managed by Signum Capital and UCIM.

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