Uniswap Labs has become one of the crypto companies that invest outside of their core business.
Uniswap Labs announced today that the company has established a new venture wing to invest in projects on the Web3.
Strategy lead Matteo Leibowitz says he will “manage Uniswap Labs Ventures” along with COO Mary-Catherine Lader
Uniswap has previously invested in 11 crypto projects including Aave, Compound Protocol and MakerDao. In the published blog post, it was stated that many of the focuses of the initiative will range from “infrastructure to developer tools and consumer-facing applications”.
Uniswap Lab Ventures continues the trend of crypto companies to invest in Web3 assets other than themselves. Stablecoin issuer Circle launched the Circle Ventures Fund in November. Likewise, crypto exchange FTX founded FTX Ventures in January with $2 billion in funding.
The blog post did not specify the amount of capital in Uniswap’s venture fund.
13157
