Uniswap Series B funding

Uniswap Raises $165 Million in Series B Funding

14.10.2022 09:19 (Updated 14.10.2022 09:10)
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by Maksym Prykhodko
1 min read

Decentralized exchange Uniswap has received $165 million in Series B funding. Polychain Capital led the round, which also included a16z crypto and Paradigm.

Uniswap was estimated in this round to be worth $1.6 billion. The popular DEX, which enables users ERC-20 token swapping, saw $1.2 trillion in trading volume since it opened its doors. The new Series B funding will assist Uniswap with maintaining its leading position in the DEX space.

Apart from the successful funding, Uniswap recently had more good news, as the Uniswap Foundation was created following a governance vote. Uniswap Foundation is set to donate $60 million to community projects in the next several years.

Author

  • Maksym has denied the existence of crypto as an asset for 3 years when he was working with standard financial instruments. Became Head of Treasury. Won the best bank employee award and left the bank for cryptocurrency exchange the next day. Got a second university degree, but that didn’t stop him from studying finance yet. Combines fiat and crypto experience to be as objective as possible in general matters. His dream is to be interviewed by Bloomberg.

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