Uniswap Labs has Established a Venture Unit to Fund Web3 Startups

Uniswap Labs has Established a Venture Unit to Fund Web3 Startups

Uniswap Labs Ventures will invest in a variety of web3 initiatives, with an emphasis on startups that are developing blockchain infrastructure, developer tools, and consumer-facing apps.

The fund’s amount was not announced, but Uniswap Labs Ventures’ ventures lead, Matteo Leibowitz, told The Block that investments will be made straight from the company’s financial sheet. He remained tight-lipped about the balance sheet’s size and the range of typical check sizes.

Before creating its venture arm, the Labs funded 11 firms and projects, including MakerDAO, Aave, Compound Protocol, PartyDAO, LayerZero, and Tenderly, an Ethereum developer platform.

When asked how Uniswap Labs decides to invest in a project, Leibowitz, a former research analyst at The Block, said the firm places “a lot of emphasis on the tenacity and vision of the founders.”

“Beyond that, we look for projects that will advance the benefits of Web3 and user adoption. In all cases, we seek to support teams that can benefit from our experience and expertise as a fast-growing crypto-native company,” he added.

Uniswap Labs Ventures intends to participate in the MakerDAO, Aave, Compound, and Ethereum Name Service protocols’ governance systems.

According to Leibowitz, who will lead the ventures business with Uniswap Labs chief operating officer MC Lader, the firm would engage in both stock and token projects.

As additional crypto funds related to business organizations and protocols debuts, such as FTX Ventures and Cake DeFi Ventures, Uniswap Labs’ venture unit starts.

“The growth of Web3 companies supporting each other through venture investments reflects the principles of collaboration that are so fundamental to the industry’s open-source ethos,” he said.

“The Uniswap ecosystem has benefited enormously from third-party contributions, and we’re excited to pay it forward by sharing our experience and expertise with our peers,” he added.

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