Uniswap Labs, the decentralised change, introduced that it has raised greater than $165 million in its current Collection B funding spherical.
Led by Polychain Capital, Collection B additionally included assist and funding from a16z, Paradigm, SV Angel and others. In keeping with Uniswap, the funding spherical yielded higher outcomes than anticipated, as the corporate was aiming for anyplace from $100 – 200 million.
This success additionally comes simply earlier than Dappradar’s bleak report on the extent of funding within the web3/blockchain world.
Following the announcement, Uniswap acknowledged that the capital could be put in direction of increasing its product vary, bettering its suite of developer instruments and the general consumer expertise.
Whereas general demand and funding liquidity has diminished by as much as 48%, Funding in Uniswap demonstrates that there’s nonetheless an urge for food for tasks that display worth and potential
