Uniswap Labs, the company behind the popular Decentralized Financial (DeFi) protocol. has launched a capital group to invest in web3 projects Uniswap Labs Ventures, a new division to invest in companies In many steps and areas within web3, from infrastructure to developer tools and consumer-facing applications.
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The investment will be made directly from the company's balance sheet, The Block first reported. Although the company has not disclosed any details. how big these checks are or how much funds in the balance sheet will be devoted to the fund The company is tapping Matteo Leibowitz to lead its venture capital firm.
Mary-Catherine Lader, Uniswap Chief Operating Officer Leibowitz previously worked at Uniswap as Chief Strategy Officer starting in August 2020 and before. He's been a research analyst at The Block for nearly two years, according to Linkedin.
Prior to launching this joint venture, Uniswap invested in 11 companies and protocols across the web3 ecosystem, including Tenderly, LayerZero, MakerDAO, Aave, Compound Protocol, and PartyDAO. Ethereum-native It seems to support most of the other companies that are in the Ethereum ecosystem.
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DeFi giant Uniswap launches venture capital firm to invest in other crypto companies
