Uniswap Labs launches venture unit to invest in web3 projects (via Yogita_Khatri5)
Investments will be made directly from the Uniswap Labs balance sheet, the firm’s ventures lead Matteo Leibowitz told The Block.Uniswap Labs, the main developer of the Uniswap decentralized exchange protocol, has launched a new venture unit.
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. 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."