Singapore Web3 development tool company BuildBear Labs secures $1.9 million in funding

ChainCatcher news, Singapore Web3 development tool company BuildBear Labs has raised $1.9 million in funding, led by Superscrypt, Tribe Capital, and 1kx, with participation from Iterative, Plug-N-Play, and angel investors Kris Kaczor and Ken Fromm.

It is reported that the company plans to use the funds to accelerate the development of its flagship platform, providing developers with testing and validation solutions to create secure decentralized applications. BuildBear Labs offers a platform specifically designed for dApp development and testing, enabling developers to create customized private testnet sandboxes across multiple EVM and EVM-compatible blockchain networks. Its key features include a private faucet for unlimited local and ERC20 token minting, allowing developers to efficiently build and test dApps.