Ethereum decentralized exchange Uniswap raises $165M in new funding
The crypto bear market may have scared off retail investors, but it hasn’t driven away venture capitalists looking to fund DeFi projects. Uniswap announced its latest raise of $165 million, led by Polychain Capital. Joining Polychain Capital in the Series B funding round are a16z crypto, Paradigm, SV Angel, and Variant. “I’m so excited to announce that we’ve raised $165 million in Series B funding,” Uniswap founder Hayden Adams said in a post announcing the raise. Last month, TechCrunch reported that the then in-progress round could total between $100 million and $200 million, with a Singapore-based sovereign investment fund and Polychain tied to the deal. The latest round gives Uniswap a $1.6 billion valuation. Read details here