Uniswap Labs has raised $165 million in a Series B funding round in which some of the largest blockchain venture capital firms are participating. and allows the company to expand into other parts of the crypto
1/ 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.
https://t.co/ChilydWOEO
— Uniswap Labs
(@Uniswap) October 13, 2022
This fundraising round was led by Polychain Capital and Andreessen Horowitz.Paradigm, Variant and SV Angel. This funding confirms previous rumors that Uniswap is looking to raise between $100 million and $200 million.
Uniswap said the funds will be used to expand its existing products. and improve the user experience through new web applications, developer tools, and the mobile transition. The company also plans to launch an NFT token project in the future.
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