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- Uniswap Labs
Uniswap Labs Valuation, Funding & Investors
Uniswap Labs is valued at $1.7B as of October 2022.
Last Uniswap Labs valuation
$1.7B
Series B · Oct 2022
Last Uniswap Labs funding round
Undisclosed stage
Amount undisclosed · Feb 2026
Cumulative funding Uniswap Labs raised
$178M
across 5 funding rounds
Key investors in Uniswap Labs
Paradigm
Andreessen Horowitz
SV Angel
Variant
Coinbase Ventures
Union Square Ventures
About Uniswap Labs
Uniswap Labs is the developer behind the Uniswap protocol, a decentralized exchange protocol on the Ethereum blockchain that enables automated trading of ERC-20 tokens through liquidity pools. Launched in November 2018, the protocol pioneered automated market makers in DeFi and powers versions including Uniswap V3 with concentrated liquidity features introduced in May 2021. The company maintains the Uniswap web application, a mobile wallet app supporting swaps across multiple chains like Polygon and Optimism, and developer tools such as the UniswapX API for off-chain orders. Headquartered in New York, Uniswap Labs supports a global ecosystem of decentralized finance applications built on its open-source protocol.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$1.7B (Oct 2022)
Uniswap Labs Valuation
Uniswap Labs is currently valued at $1.7B, based on its Series B in October 2022.
The $165M round was led by Polychain, with participation from SV Angel, Andreessen Horowitz, Ribbit Capital, Variant and Paradigm.
Uniswap Labs' valuation has grown 21x from $79M at its Series A in August 2020 to $1.7B in October 2022, across 2 priced rounds.
Uniswap Labs valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2022 | Series B | $1.7B |
| Aug 2020 | Series A | $79M |
Uniswap Labs Funding History
Uniswap Labs has raised a total of $178M across 5 funding rounds.
Uniswap Labs' first fundraising round was a $2M seed round in January 2019. The most recent completed round was a undisclosed-stage round in February 2026.
Uniswap Labs funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2026 | Undisclosed stage | Coinbase Ventures; BlackRock | - | - | - |
| Sep 2024 | Pre-seed | NodeRise Capital | $100K | - | - |
| Oct 2022 | Series B | Polychain (lead); SV Angel; Andreessen Horowitz; Ribbit Capital; Variant; Paradigm | $165M | $1.7B | Uniswap Labs, the developer behind the leading decentralized exchange protocol Uniswap launched in 2018 by Hayden Adams, closed a $165 million Series B funding round on October 13, 2022, led by Polychain Capital with participation from Andreessen Horowitz, Paradigm, SV Angel, and Variant. The round valued the company at $1.66 billion post-money, marking it as one of the largest DeFi funding rounds and achieving unicorn status amid the crypto winter. The protocol had facilitated $1.2 trillion in total trading volume to date and commanded 64% of all DEX volumes per DeFi Llama, with its UNI token holding a nearly $5 billion market cap at the time. Proceeds from the raise were earmarked to expand product offerings, including enhancements to the web app and developer tools, launch of an NFT aggregator enabling token-NFT interactions, mobile wallet development, and broader accessibility to Uniswap's simplicity and security. Uniswap Labs was not yet profitable, aiming to achieve financial sustainability through these investments. Concurrently, the Uniswap governance community approved the creation of the Uniswap Foundation, an independent entity to support decentralized protocol development with at least $60 million in grants to community projects over coming years. The funding underscored investor confidence in DeFi's resilience, especially as centralized platforms like Celsius and Voyager faced bankruptcy, while Uniswap thrived on autonomous code. Prior to this Series B, Uniswap Labs had raised $11 million in a Series A in 2020 led by a16z and Paradigm. The company positioned itself to grow in Web3, DeFi, and NFT markets, with plans for NFT trading across marketplaces. |
| Aug 2020 | Series A | Andreessen Horowitz (lead); ParaFi Capital; SV Angel; Union Square Ventures; A.Capital Ventures; Version One Ventures; Variant; Paradigm | $11M | $79M | Uniswap Labs raised $11 million in a Series A funding round on August 6, 2020, at a post-money valuation of $78.6 million. The round was led by Andreessen Horowitz, with participation from A.Capital Ventures, Paradigm, ParaFi Capital, SV Angel, Union Square Ventures, Variant, and Version One Ventures. The funds were allocated toward developing Uniswap V3, the third version of the decentralized trading platform. Uniswap Labs operates Uniswap, a decentralized exchange protocol on Ethereum that enables users to exchange ERC-20 tokens without trusted intermediaries. At the time, Uniswap's trading volume was soaring, with DEX volumes reaching $4.3 billion in July 2020, where Uniswap held a significant market share. It ranked third in total value locked among DEXs with $138.2 million, behind Curve Finance and Balancer. The company had previously raised $1 million in a seed round in April 2019 at a $45 million valuation. This Series A followed rapid growth in market share and user visits, which increased from 90,000 in June to over 1.4 million in July 2020. |
| Jan 2019 | Seed | Paradigm | $2M | - | - |
Who has invested in Uniswap Labs?
13 investors have backed Uniswap Labs across its funding rounds, including Paradigm, Andreessen Horowitz, SV Angel, Variant, Coinbase Ventures and Union Square Ventures.
Lead investors include Polychain and Andreessen Horowitz.
Uniswap Labs Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Jan 2019 | ||
| 2 | Participant | Aug 2020 | ||
| 2 | Lead | Aug 2020 | ||
| 2 | Participant | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Oct 2022 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Lead | Oct 2022 | ||
This data is available for Pro users. Sign up to see all 13 Uniswap Labs investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Uniswap Labs
Uniswap Labs has acquired 1 company to date.
Last acquisition by Uniswap Labs was on June 10th 2024. Uniswap Labs acquired Crypto: The Game for undisclosed valuation.
Latest Acquisitions by Uniswap Labs
| Description | - |
| HQ Country | - |
| HQ City | - |
| Deal Date | 10 Jun 2024 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Uniswap Labs acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by Uniswap Labs
Uniswap Labs has invested in 5 companies to date.
Latest investment by Uniswap Labs was on April 13th 2026. Uniswap Labs invested in Paxos Labs in their $12M Undisclosed stage round.
Latest Investments by Uniswap Labs
| Description | Paxos Labs builds enterprise infrastructure for branded stablecoins and on-chain financial products. Financial institutions and fintechs use its APIs to issue asset-backed tokens and integrate tokenized dollars into platforms with regulated settlement. | - | Glider is a decentralized trading platform that simplifies market execution for users by abstracting technical complexities. Built on blockchain infrastructure, it offers tools for leverage trading, perpetual futures, and spot markets with one-click strategies, integrating wallets like MetaMask for seamless access to DeFi opportunities. | Whetstone Research is a blockchain technology firm developing protocols for on-chain market advancement. It designs decentralized systems for trading and financial applications on public networks. The company operates from the United States, contributing to infrastructure for cryptocurrency exchanges and DeFi platforms. | |
| HQ Country | |||||
| HQ City | - | - | New York City, NY | New York City, NY | |
| Deal Date | 13 Apr 2026 | 6 Nov 2025 | 16 Apr 2025 | 11 Feb 2025 | |
| Round | Undisclosed stage | Seed | Seed | Pre-seed | |
| Raised | $12M | $5M | $4M | $1M | |
| Investors | Maelstrom; Blockchain Capital; Robot Ventures | Eva Beylin; Ameen Soleimani; Atka Capital; Bond St Ventures; A.Capital Ventures; Chen Zituo; Topology; Robot Ventures | a16z crypto; Coinbase Ventures; Chris Kalani; GSR; Pivot Global; Generative Ventures; Selini Capital; MoonPay; First Commit | Credibly Neutral; Ambush Capital; Nascent; Figment Capital; Variant | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Uniswap Labs investments and their VC round multiples. Start Free Trial | |||||
Uniswap Labs Competitors
Uniswap Labs competitors include listed companies like Ncino and TRS Information Technology, and private ones like Feedzai, Rogo, AppZen and Hyperscience.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2B | - | ||
| Private | $53M | - | $2B | - | ||
| Private | - | - | $1.3B | - | ||
| Publicly listed | $595M | $65M | $2.3B | 4.0x | ||
| Publicly listed | $76M | ($20M) | $1.7B | 19.7x | ||
| Private | - | - | $1.6B | - |
Uniswap Labs Public Comps
Uniswap Labs is still privately-owned, but its public comps include TRS Information Technology, Wenge AI, C3.ai, Sharplink, Securitize, PCITECH, Fractal Analytics, OSL Group, Haizhi and Ncino.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $76M | ($20M) | 19.3x | 19.7x | (73.5x) | 478.8x | |||
| $60M | ($20M) | 27.6x | - | (82.7x) | - | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $28M | ($734M) | 61.9x | 39.9x | (2.4x) | 141.1x | |||
| $62M | ($34M) | 25.5x | 22.2x | (46.0x) | (37910.8x) | |||
| $1.5B | $53M | 0.8x | 0.9x | 24.1x | - | |||
| $344M | $50M | 3.7x | 3.4x | 25.8x | 21.0x | |||
| $62M | ($48M) | 16.6x | 11.3x | (21.7x) | (23.2x) | |||
This data is available for Pro users. Sign up to see all Uniswap Labs competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Uniswap Labs
| When was Uniswap Labs founded? | Uniswap Labs was founded in 2018. |
| Where is Uniswap Labs headquartered? | Uniswap Labs is headquartered in New York City, NY, United States. |
| Is Uniswap Labs publicly listed? | No, Uniswap Labs is a private, VC-backed company. |
| What is Uniswap Labs' valuation? | Uniswap Labs was last valued at $1.7B in its Series B in October 2022. |
| How much funding has Uniswap Labs raised? | Uniswap Labs has raised $178M across 5 funding rounds. |
| What was Uniswap Labs' last funding round? | Uniswap Labs' last funding round was a undisclosed-stage round in February 2026. |
| Who are Uniswap Labs' investors? | Uniswap Labs' investors include Paradigm, SV Angel, Andreessen Horowitz, Variant, ParaFi Capital, Union Square Ventures, Coinbase Ventures, A.Capital Ventures, Ribbit Capital, BlackRock and 3 others. |
| Which companies are comparable to Uniswap Labs? | Companies comparable to Uniswap Labs include Feedzai, Rogo, AppZen, Ncino, TRS Information Technology and Hyperscience. |
| How many companies has Uniswap Labs acquired? | Uniswap Labs has acquired 1 company, including Crypto: The Game. |
| How many companies has Uniswap Labs invested in? | Uniswap Labs has invested in 5 companies, including Paxos Labs, Sprinter, Glider, Whetstone Research and Internet Game. |
| What was Uniswap Labs' last investment? | In April 2026, Uniswap Labs invested in Paxos Labs' $12M undisclosed-stage round alongside Maelstrom, Blockchain Capital and Robot Ventures. |
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