Startup profile for Uniswap: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.
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Uniswap funding, valuation and investors

Leading decentralized exchange protocol for automated market making on Ethereum.

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Funding, valuation & investors

Answer-first snapshot

Latest funding

Series B

$165M · October 2022

Latest known valuation

$1.66B

Series B · October 2022

Total disclosed equity funding

$165M

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

private

growth

Investors in latest funding

Lead: Polychain Capital

Other: Andreessen Horowitz

Sources: latest funding Last verified: 2026-07-25

Overview

Uniswap Labs develops the Uniswap protocol — decentralized exchange smart contracts enabling token swaps via automated market makers without traditional order books. Founded by Hayden Adams, Uniswap became the highest-volume DEX infrastructure in crypto. In October 2022, Uniswap Labs raised $165M at $1.66B valuation led by Polychain Capital with a16z crypto, Paradigm, SV Angel, and Variant participating. The UNI governance token controls protocol fees and upgrades across Ethereum and L2 deployments.

Why Uniswap is interesting

Uniswap invented the AMM UX DeFi runs on — a16z crypto participated in $165M Series B as fee switch governance and UniswapX expanded beyond v2/v3 pools.

Product & use cases

Uniswap protocol lets users swap ERC-20 tokens through liquidity pools — Uniswap Labs builds interface, wallet, and UniswapX intent-based routing products on top.

  • Retail and pro traders swapping tokens without centralized exchange accounts
  • Liquidity providers earning fees by supplying pool capital
  • Developers integrating DEX liquidity via Uniswap SDK/API

Key facts

  • Series B (Oct 2022): $165M at $1.66B; a16z crypto participated (Uniswap blog)
  • Dominant Ethereum DEX by volume historically
  • UNI governance token; v3 concentrated liquidity innovation
  • UniswapX and cross-chain expansion post-Labs funding

Funding history (newest first)

Series B

2022-10 $165M Valuation: $1.66B

Source: https://blog.uniswap.org/bringing-web3-to-everyone

Investors in our directory

Funds linked from Uniswap's profile — open a fund page for stage focus and related deal articles.

Andreessen Horowitz

Competitive landscape

Edge: Brand, liquidity depth, and developer ecosystem — default AMM reference implementation copied across chains.

DEX volume competes with CEXs and chain-specific aggregators; Uniswap's moat is liquidity network effects and governance-controlled protocol evolution including fee switch debates.

  • Curve direct

    Stablecoin and like-asset AMM specialist.

  • Coinbase / CEXs incumbent

    Centralized exchange UX and fiat ramps.

  • Jupiter (Solana) adjacent

    Dominant aggregator on Solana; different chain.

Notable stories

  • Hayden Adams built Uniswap v1 after being inspired by Vitalik's AMM post — the protocol became DeFi's default swap infrastructure (Uniswap origin story).

Industries

Crypto & Web3 Fintech

FAQs about Uniswap

Practical answers founders, operators, and investors typically search for.

Uniswap is a decentralized exchange protocol using automated market makers for token swaps on Ethereum and other chains.
Polychain led Series B; Andreessen Horowitz (a16z crypto) participated. See /fund/andreessen-horowitz.
Governance token for Uniswap protocol upgrades and treasury decisions.
Uniswap is non-custodial on-chain DEX; Coinbase is centralized exchange with KYC.
October 2022 — $165M at $1.66B valuation.
Hayden Adams.
Automated market maker — liquidity pools with algorithmic pricing instead of order books.
Labs revenue from interface fees and products — detailed financials not public like a traditional company.
Website All startups Funding news

By Venture Capital Tracker

Last updated:

Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.