By ET Bureau - October 02, 2022 1 Mins Read
Uniswap Labs is in the early stages of putting together a new round, according to four sources familiar with the matter, as the parent firm of the world’s largest decentralized exchange gears up to broaden its offerings.
Two of the sources, who, like the others, asked to remain anonymous and share private information, claimed that the startup is in discussions with a number of investors, including Polychain and one of Singapore’s sovereign funds, to raise an equity round of USD100 million to USD200 million at a valuation of about USD1 billion.
The sources advised that because the round’s discussions have not yet reached their conclusion, the terms of the agreement could significantly change. Uniswap Labs declined to comment, whereas Polychain did not return a request for comment Thursday.
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