Uniswap Labs Forms Crypto Ventures Wing

Uniswap Labs Ventures is the latest example of crypto companies investing beyond their core business.

AccessTimeIconApr 11, 2022 at 9:46 p.m. UTC
Updated Apr 12, 2022 at 2:07 p.m. UTC

Cameron Thompson is a news reporter at CoinDesk.

The company behind Ethereum-based decentralized exchange Uniswap has launched a venture wing to invest in projects across Web 3, Uniswap Labs said in a blog post Monday.

Strategy lead Matteo Leibowitz will run Uniswap Labs Ventures with Chief Operating Officer Mary-Catherine Lader, Leibowitz said in the post.

Uniswap has previously invested in 11 crypto projects, including Aave, Compound Protocol and MakerDAO. The venture unit’s focus will range “from infrastructure to developer tools and consumer-facing applications,” the blog post said.

Uniswap Lab Ventures continues the trend of crypto companies investing in Web 3 entities other than themselves. In November, stablecoin issuer Circle launched Circle Ventures Fund, and in January the crypto exchange FTX established FTX Ventures with a $2 billion fund.

The blog post did not disclose the amount of capital in Uniswap’s venture fund.

Lader did not immediately respond to a CoinDesk request for comment.


Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Cameron Thompson is a news reporter at CoinDesk.

CoinDesk - Unknown

Cameron Thompson is a news reporter at CoinDesk.