Uniswap Labs, the decentralised trade, introduced that it has raised greater than $165 million in its current Sequence B funding spherical.
Led by Polychain Capital, Sequence 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 said that the capital can be put in the direction of increasing its product vary, enhancing 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 reveal worth and potential