Report: Uniswap Seeks to Raise $200 Million in Fresh Capital at $1 Billion Valuation

The largest decentralized speech (dex) level by planetary commercialized volume, Uniswap, is looking to rise betwixt $100 and $200 million, according to a study citing radical acquainted with the company. The backing circular is presently successful a nascent signifier arsenic the study claims Uniswap has been “engaging with a fig 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 caller superior from investors. The quality stems from a report published by Tech Crunch newsman Manish Singh who cites the parties acquainted with Uniswap’s concern dealings. Singh says the sources assertion that the decentralized speech (dex) startup is “engaging with a fig of investors” and 1 of them is Polychain Capital.

Uniswap is seeking astir $100 to $200 cardinal successful caller superior and could people a post-valuation of astir $1 billion. To date, Uniswap has raised astir $12.8 cardinal from investors. Following the $1.8 cardinal effect circular successful April 2019, the Uniswap squad raised different $11 cardinal successful a Series A led by Andreessen Horowitz (a16z).

The $11 cardinal injected into Uniswap besides stemmed from different task superior firms similar Parafi capital, Paradigm, and Union Square Ventures. The fundraising quality follows the instauration of the Uniswap Foundation, and the enactment conscionable revealed plans to administer $1.8 cardinal successful grants to 14 antithetic recipients.

Defillama.com statistics amusement Uniswap is the 5th largest decentralized concern (defi) protocol successful presumption of full worth locked (TVL). Uniswap’s TVL, connected September 30, 2022, is astir $5.3 billion, up 3.75% during the past 7 days. Defillama.com metrics further amusement that the dex represents adjacent to 64% of each dex measurement worldwide.

Uniswap mentation 3 (V3) has printed $834,376,434 successful 24-hour commercialized volume, portion Uniswap V2 has astir $41.71 million. There’s besides Uniswap Polygon ($97.43M), Uniswap Arbitrum ($47.64M), and Uniswap Optimism ($51.44M). At the extremity of June, Uniswap announced it acquired the non-fungible token (NFT) aggregator Genie and precocious revealed integration with the NFT marketplace Sudoswap.

What bash you deliberation astir Uniswap looking to rise $100 to $200 cardinal from strategical investors? Let america cognize what you deliberation astir this taxable successful the comments conception below.