Uniswap Labs – the firm behind one of the world's largest decentralized exchanges, Uniswap – is looking to raise a massive $100M fund in its latest funding round. This round follows Uniswap's previous Series A funding in 2020.
American online newspaper TechCrunch uncovered the development in a report Friday. According to the report, TechCrunch received intel from four reliable sources on the Uniswap deal which is currently in its early stages. The sources have chosen to remain anonymous.
Uniswap will see fundings from several entities including a Singaporean social wealth fund, and California-based investment giant Polychain. The fund will welcome investments to the tune of $100 million to $200 million at a $1 billion valuation for Uniswap.
The sources indicated that the fund is still in its early stages, as previously mentioned, and as a consequence, the terms surrounding it are likely to see a change as negotiations progress. Neither Uniswap nor Polychain has divulged any relevant...
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