Uniswap Labs completed a $165 million Series B funding round at a valuation of $1.66 billion, led by Polychain Capital

ChainCatcher news, Uniswap Labs announced the completion of a $165 million Series B funding round at a valuation of $1.66 billion, led by Polychain Capital, with participation from Andreessen Horowitz, Paradigm, SV Angel, Variant, and others.

Founder Hayden Adams stated that Uniswap Labs is currently not profitable, but the company intends to use the funds to expand its product offerings and achieve financial sustainability in the coming years, which will include building an NFT aggregator that will "unlock new interactions between tokens and NFTs." (source link)