Uniswap Labs, the main developer of the Uniswap decentralized exchange protocol, has launched a new venture unit.
Uniswap Labs Ventures will invest in web3 projects across categories, focusing on startups building blockchain infrastructure, developer tools and consumer-facing applications.
The size of Uniswap Labs Ventures’ fund was not disclosed, but Matteo Leibowitz, the firm’s ventures lead, told The Block that investments will be made directly from the Uniswap Labs balance sheet. He declined to comment on the size of the balance sheet.
Uniswap Labs has invested in 11 startups and projects before launching its venture arm, including MakerDAO, Aave, Compound Protocol, PartyDAO, LayerZero and Tenderly, an Ethereum developer platform.
When asked how Uniswap Labs decides to invest in a project, Leibowitz, a former research analyst at The Block, said the firm places “a lot of emphasis on the tenacity and vision of the founders.”
“Beyond that, we look for projects that will advance t
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