Data Vantage: DeFi startups, ShopUp and a dozen others secure capital before year-end

Data Vantage: DeFi startups, ShopUp and a dozen others secure capital before year-end

Dozens of companies with Singapore-registered entities filed fundraising updates last week as 2021 came to an end.

One of them was Vietnam-headquartered Sky Mavis, the producer of play-to-earn game Axie Infinity. It received $25 million last week from US-based venture capital firm Paradigm, which focuses on investments in decentralised finance (DeFi) startups.

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