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Uniswap Labs Forms Crypto Ventures Wing
Uniswap Labs Ventures is the latest example of crypto companies investing beyond their core business.
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.
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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.
Cam Thompson
Cam Thompson was a Web3 reporter at CoinDesk. She is a recent graduate of Tufts University, where she majored in Economics and Science & Technology Studies. As a student, she was marketing director of the Tufts Blockchain Club. She currently holds positions in BTC and ETH.
