Uniswap Seeks to Raise $200 Million in Fresh Capital at $1 Billion Valuation
The largest decentralized alternate (dex) platform by worldwide change quantity, Uniswap, is looking to improve among $one hundred and $200 million, in keeping with a report mentioning people acquainted with the business enterprise. The funding spherical is currently in a nascent stage because the document claims Uniswap has been “engaging with some of investors.”
Sources Say Uniswap Is Eyeing a Fresh Capital Raise From Investors Like Polychain
According to 4 unnamed sources acquainted with the matter, Uniswap is eyeing sparkling capital from investors. The information stems from a document published by way of Tech Crunch reporter Manish Singh who cites the events acquainted with Uniswap’s business dealings. Singh says the resources declare that the decentralized change (dex) startup is “attractive with some of investors” and one among them is Polychain Capital.
Uniswap is looking for roughly $one hundred to $two hundred million in fresh capital and will print a post-valuation of round $1 billion. To date, Uniswap has raised around $12.Eight billion from investors. Following the $1.8 million seed spherical in April 2019, the Uniswap crew raised every other $11 million in a Series A led by means of Andreessen Horowitz (a16z).
The $eleven million injected into Uniswap also stemmed from different assignment capital corporations like Parafi capital, Paradigm, and Union Square Ventures. The fundraising news follows the introduction of the Uniswap Foundation, and the organisation simply revealed plans to distribute $1.8 million in offers to fourteen exceptional recipients.
Defillama.Com facts show Uniswap is the 5th largest decentralized finance (defi) protocol in terms of total value locked (TVL). Uniswap’s TVL, on September 30, 2022, is roughly $five.Three billion, up 3.75% during the last seven days. Defillama.Com metrics similarly display that the dex represents near sixty four% of all dex extent international.
Uniswap model 3 (V3) has printed $834,376,434 in 24-hour trade quantity, whilst Uniswap V2 has roughly $forty one.Seventy one million. There’s additionally Uniswap Polygon ($97.43M), Uniswap Arbitrum ($forty seven.64M), and Uniswap Optimism ($51.44M). At the cease of June, Uniswap announced it received the non-fungible token (NFT) aggregator Genie and these days discovered integration with the NFT marketplace Sudoswap.
0 Response to "Uniswap Seeks to Raise $200 Million in Fresh Capital at $1 Billion Valuation"
Post a Comment
Note: Only a member of this blog may post a comment.