Lader said in an old interview, “Our mission is to unlock universal ownership and exchange.
Uniswap Labs, the creators of the Uniswap protocol, are reportedly in talks with a number of investors for a fundraise of between $100 million and $200 million at a valuation of about $1 billion.
Citing four anonymous sources familiar with the matter, TechCrunch says Uniswap Labs is in the early stages of putting together the new round. The parent company of the world's largest decentralized exchange intends to expand its offerings.
The report added that Polychain and one of Singapore’s sovereign funds are involved.
According to TechCrunch,
“The startup is engaging with a number of investors including Polychain and one of Singapore’s sovereign funds to raise an equity round of $100 million to $200 million at a valuation of about $1 billion.”
However, the sources cautioned that the round's deliberations have not reached a conclusion, so the terms of the agreement could change significantly.
Uniswap Labs refused to comment on the subject, and Polychain did not respond to a request for comment.
As of writing, Uniswap accounts for nearly two-thirds of the total volume of the DEX market. The new funding reflects the protocol’s ambitious plans to expand its offerings, having recently shared plans to add “several new products.”
According to Uniswap Labs COO Mary-Catherine Lader, one of the new offerings will allow customers to trade NFTs on Uniswap from various marketplaces. Other sources familiar with the subject said a wallet is another potential addition.
Lader stated in a previous interview,
“Our mission is to unlock universal ownership and exchange.”
She added,
“If you can embed the ability to swap value and have people join the community and exchange value with your project, or your company or organization — that’s a powerful way to allow more people to engage in this ownership.”
