Uniswap Labs raises $165M as attention shifts to NFTs, Web3

Decentralized exchange Uniswap Labs has raised $165 million in a Series B funding round that had participation from some of blockchain’s biggest venture firms, putting the company on track to expand into other crypto-focused domains. 

The funding round was led by Polychain Capital with additiona participation from several existing investors, including Andreessen Horowitz, Paradigm, Variant and SV Angel. The funding round confirms earlier reporting from Cointelegraph that Uniswap was looking to raise between $100 million and $200 million.

Uniswap said the funding would go toward expanding its existing product offerings and improving the user experience through new web applications, developer