Uniswap Labs announced it succeeded in raising $165 million in the second round of its funding campaign. The Series B funding was led by Polychain Capital — with participation from a16z crypto, Paradigm, SV Angel and Variant.
The company behind Uniswap, the leading decentralized exchange, is now valued at $1.66 billion.
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
“Now, Uniswap Labs is bringing the powerful simplicity and security that has defined the Uniswap Protocol to even more people across the world,” Hayden Adams, founder of Uniswap, shared in a blog post on the Uniswap website.
The Decentralized exchange was launched in 2018 and raised $11 million in its first round of funding in 2020. The DEX has processed $1.2 trillion in trading volume, to date.
Source: theblock.co
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