Uniswap Labs develops venture capital arm to invest in Web 3.0 projects – Funding Opportunity

Uniswap Labs develops venture capital arm to invest in Web 3.0 projects – Funding Opportunity
Uniswap Labs announces its Web 3.0 investment unit (Image: Freepik / rawpixel.com)

Uniswap Labsthe main developer of an exchange-traded model (DEX) protocol Uniswap (UA)launched a new venture capital unit.

Uniswap Labs Ventures will invest in operations through Web 3.0 from multiple categories, focusing on startups that build infrastructure blockchainimproving tools and equipment.

The size of the fund raised by Uniswap Labs Ventures has not been announced, but Matteo Leibowitz, chief investment officer of the exchange, told The Block that the investment would be directly from Uniswap Labs. ‘balance sheet. However, Leibowitz did not elaborate on the concept.

Uniswap Labs has invested in eleven start-ups and operations before announcing its own venture capital arm, including MakerDAO, AW (AAV), Compound Protocol (COMP)PartyDAO, LayerZero and Tenderly.

When asked how Uniswap Labs would decide which projects to invest in, Leibowitz said the company “would speak to the passion and vision of the developers.”

“In addition, we are looking for activities that will extend the benefits of Web 3.0 and consumer products. In any case, we are looking for support groups that can benefit from of our experience and expertise as a fast-growing, traditional crypto company, ”Leibowitz added.

Uniswap Labs Ventures Mission

Uniswap Labs Ventures aims to help startups develop in concept, product, collaboration, engineering and design segments.

Towards the end, the company said it will continue to work to regulate the position of and exit blockchains – something that many venture capital firms enjoy, including major companies Sequoia Capital and Bain. Capital Ventures.

In the case of Uniswap Labs Ventures, the decentralized exchange arm plans to participate in management systems of the MakerDAO, Aave, Compound and Ethereum Name Service (ENS) protocol.

The company will invest in both equity and contract, said Leibowitz, who will manage the investment with Uniswap Labs COO MC Lader.

The announcement of the venture capital firm comes at a time when revenues linked to companies and processes, including FTX Ventures and Cake DeFi Ventures, are growing.

Referring to these models, Leibowitz said that “the growth of Web 3.0 companies supporting each other through risk-taking reflects the principles of collaboration that are key. for open market ”.

“The Uniswap ecosystem has benefited greatly from the involvement of third parties, and we look forward to continuing to share our experiences and expertise with our peers,” added Leibowitz.

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