Uniswap Labs, the main developer of the Uniswap decentralized exchange protocol, has launched a venture capital business “Uniswap Labs Ventures” which will invest in web3 projects in various categories focusing on blockchain infrastructure startups, developer tools, and user-related applications
The size of the Uniswap Labs Ventures fund has yet to be disclosed, but the firm’s lead investment, Matteo Leibowitz, said the investment will be made directly from the Uniswap Labs balance sheet. He declined to comment on the size of the balance sheet and its range. average size
Uniswap Labs invested in 11 startups and projects before launching its venture capital firms, including MakerDAO, Aave, Compound Protocol, PartyDAO, LayerZero, and Tenderly, a platform for Ethereum developers.
When asked how Uniswap Labs decided to invest in the project, Leibowitz, a former research analyst at The Block, said the company’s focus on “The persistence and vision of the founder is enormous.”
“Moreover We are always looking for projects that will improve Web3’s benefits and user acceptance. We endeavor to support teams that can benefit from our experience and expertise as a fast growing cryptocurrency company,” he added.
Uniswap Labs Ventures aims to enable startups to build and scale across strategy, product, partnership, engineering and design. As a result, the company says it will actively participate in overseeing both projects. on and off network This is an aspect that venture capital firms are more interested in. This includes giants like Sequoia Capital and Bain Capital Ventures, both of whom recently launched their crypto-specialized funds.
Uniswap Labs Ventures also plans to participate in the regulatory system of the MakerDAO protocol, Aave, Compound, and Ethereum Name Service.
“The Uniswap ecosystem benefits greatly from third-party support. And we are excited to be rewarded by sharing our experience and expertise with our colleagues,” he added.
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