Uniswap Labs Plans to Reach a $1B Valuation
The Uniswap Labs team is in the early stages of negotiations to raise between $100 million and $200 million, which will take the company’s valuation to $1 billion.
According to sources, Polychain and an unnamed Singapore sovereign wealth fund are showing interest in participating in the investment round.
Conditions may change. The proceeds will be used to expand the product line.
Uniswap COO Mary-Catherine Lader has said:
“Our mission is to enable universal ownership and sharing.”
In August, Uniswap’s share of the DEX sector was 70%. The volume of concluded deals has exceeded $1 trillion since its launch 4 years ago.