Uniswap Labs is a company that develops decentralized crypto exchange (DEX), Uniswap. The company uses a decentralized network protocol that facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain using smart contracts.
Polychain and Singapore’s sovereign funds among other investors that are going to participate in the round. Uniswap’s existing investors are a16z and Paradigm. Andreessen Horowitz (a16z) led the investment round Series A in 2020. After the round is completed, the company achieves the unicorn status.
Uniswap Labs, New York, the USA, was founded by Hayden Adams in 2018. “Our mission is to unlock universal ownership and exchange. If you can embed the ability to swap value and have people join the community and exchange value with your project, or your company or organization — that’s a powerful way to allow more people to engage in this ownership,” Mary-Catherine Lader, Uniswap Labs COO. Uniswap Labs plans to create the Uniswap Foundation to support the growth of the decentralized Uniswap ecosystem. Moreover, earlier this year, the company launched venture capital unit focusing on Web3 startups developing consumer-facing apps, blockchain infrastructure, and developer tools. Besides, Uniswap invested in 11 companies including LayerZero, MakerDAO, and Aave.