The Uniswap crypto exchange, built on a decentralized network protocol, will be investing "in teams at different stages and levels of the web3 stack."
Venture capital firms have been increasingly targeting crypto startups as potential leaders of future finance and web technologies. For this reason, large crypto companies started launching their own VC branches and picking up startups so that developers can build on their investors' networks.
On April 11th, Uniswap Labs announced its venture fund, inviting Web3 developers to build on their platform by using its native tools and infrastructure. Uniswap Labs Ventures will be led by Teo Leibowitz, who is also the Strategy Lead at Uniswap, and MC Lader, Uniswap's Chief Operating Officer.
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1/💫 At Labs, we want to onboard millions of users into the web3 economy, with the goal of unlocking universal ownership & exchange for all. But we know we can’t achieve our mission alone.— Uniswap Labs 🦄 (@Uniswap) April 11, 2022
Today we're proud to announce the launch of Uniswap Labs Ventures!https://t.co/Y4gSKOd9dC
The team behind the venture fund is eager to invest in and support upcoming crypto projects through its product development initiatives, partnership opportunities, and design improvement capabilities.
With almost a dozen web3 platforms under its wing, Uniswap seeks to "actively participate in on and off-chain governance when relevant, collaborating with the communities that have formed around the protocols we invest in to support their evolution."
Some more notable projects that secured investments from Uniswap Labs Ventures include Aave, LayerZero, MakerDAO, Tenderly, and PartyDAO.