Uniswap will now support Web3 projects through its venture capital investment arm.
Decentralized Exchange (DEX), Uniswap has launched Uniswap Labs Ventures (ULV), a venture capital fund that will invest in Web3 projects.
As per the announcement, the new division will invest in companies at any stage of development and areas within the Web3 space, from infrastructure to developer tools and consumer-facing applications.
“At Uniswap Labs our goal is to unlock universal ownership and exchange for everyone, starting with bringing millions of people into the emerging web3 economy. We’re proud of the foundational products and infrastructure we’ve built so far and are excited for the journey ahead. But, we know that no team can achieve this mission alone.”
Carrying forward its experience of running the Uniswap Protocol community into venture capital space, ULV will actively participate in on and off-chain governance when relevant, collaborating with the communities that have formed around the protocols they invest in. Right now, they plan to participate in the governance systems of the MakerDAO, Aave, Compound and Ethereum Name Service protocols.
Further, this experience will provide the projects with experienced mentors to build and scale across strategy, product, partnerships, engineering, and design.
The firm is roping in Matteo Leibowitz to head ULV alongside Uniswap’s Chief Operating Officer, Mary-Catherine Lader. Leibowitz previously worked at Uniswap as a strategy lead, and before that, was a research analyst at The Block for nearly two years, according to his Linkedin profile.
Even before the launch, Uniswap had already invested in 11 companies and several native protocols across the web3 ecosystem some of which are Tenderly, LayerZero, MakerDAO, Aave, Compound Protocol, PartyDAO.
Many crypto or Web3 companies are now beginning to provide venture capital to other projects. VC interest in crypto is growing and it is coming from both Web2 and Web3 companies.
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