Uniswap Labs valued at $1.66 billion in $165 million new funding

Uniswap Labs has raised $165 million in a new funding round as the parent firm of the world’s largest decentralized exchange looks to broaden its offerings.
The Series B funding was led by Polychain Capital, the startup said. The news confirms a TechCrunch scoop from late last month that said that Uniswap Labs was looking to raise between $100 million to $200 million and was engaging with Polychain.
Uniswap Labs said it is valued at $1.66 billion in the new funding. Existing backers a16z crypto, Paradigm, SV Angel, and Variant also participated in the new round.
The decentralized exchang

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