Funding: Uniswap Labs raises $165M
Uniswap Labs, the creator of Uniswap (a leading decentralised exchange for trading and automated liquidity provision on Ethereum), today announced it has raised $165 million in Series B funding to "bring Web3 to everyone." The round is led by Polychain Capital, along with participation from longtime investors—a16z crypto, Paradigm, SV Angel, and Variant.
The Series B round was led by Polychain Capital, along with participation from longtime investors—a16z crypto, Paradigm, SV Angel, and Variant.
Uniswap Labs tweeted: We’re proud to announce that we’ve raised $165 million in Series B funding to bring the powerful simplicity of Uniswap to even more people across the world. Hayden Adams created the Uniswap Protocol to embody the values of Ethereum — decentralization, security and accessibility. But for web3 to realize its potential, we need simpler, safer user experiences that also let people see the magic of crypto and decentralization.
Uniswap Labs is working to do exactly that, through our existing web app and new products.
At the same time, we’re excited to see the Uniswap ecosystem continue to grow beyond what any one company can do on their own with help from groups like the @UniswapFND, which the community voted to create in August.
Since then, the Protocol has supported $1.2 trillion in trading volume and has become critical public infrastructure for exchanging digital value.
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We are incredibly grateful for the support from our extraordinary community, users, team, and investors. This funding round was led by @PolychainCap, with participation from our longtime investors A16Z GAMES , crypto, Paradigm , @SVAngel, and @VariantFund
Shishir Gupta, The Founder & CEO of StartupLanes said,
Uniswap is extremely powerful, yet simple. Web3 is going to positively change forever because of this revolutionary invention. Kudos to Hayden Adams for building such a great startup.
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