HomeNewsUniswap Labs to bet on other Web3 projects with new venture arm

Uniswap Labs to bet on other Web3 projects with new venture arm

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Uniswap Labs, the development team of popular Decentralized Exchange (DEX) Uniswap, announced the launch of its venture arm division ‘Uniswap Labs Ventures’ on Monday.

Uniswap Labs Ventures will manage the exchange’s corporate funds as well as support and invest in Web3-related projects through infrastructure development, developer tools, and consumer-facing applications. The venture arm will be run by Strategy lead Matteo Leibowitz and COO Mary-Catherine Lader.

“As a crypto-native development team, we’re uniquely positioned to support the teams we invest in as they launch and grow. We’re excited to leverage our experience to help these teams build and scale across strategy, product, partnerships, engineering, and design,” the official blog post read.

In addition to investing, the venture team also plans to actively participate in on-chain and off-chain governance of communities revolving around the protocols Uniswap has invested in. Per the announcement, it already plans to participate in the governance systems of the MakerDAO, Aave, Compound, and Ethereum Name Service protocols.

Uniswap Labs had already invested in several projects such as MakerDAO, Aave, and Compound Protocol before launching this investment division. In March, it announced its participation in the $6M Series A funding of startup Layer Zero, a multi-chain DeFi protocol.





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