The Digital Currency & Blockchain team advised Uniswap Labs on its $165 million Series B funding round, and Matter Labs on its $200 million Series C funding round. The financings are among the top 10 largest funding rounds in the current crypto bear market — beginning in May of 2022 — according to Pitchbook data.
The Uniswap Protocol is the largest decentralized trading and automated market making protocol on Ethereum. The Uniswap Labs team was a major contributor to the Uniswap Protocol and now focuses on building a suite of products to support the Uniswap ecosystem.
Matter Labs is scaling Ethereum to enable the mainstream adoption of public blockchains. The company’s zkSync, a zero-knowledge rollup Ethereum Layer 2 scaling solution, is in production since Summer 2020, with growing usage. It makes crypto payments cheaper today, and it will soon be used to scale arbitrary smart contracts.
Uniswap’s Series B was led by Polychain Capital, and included participation from Andreessen Horowitz, Paradigm, SV Angel, and Variant Investments.
Matter Labs’ Series C was co-led by Blockchain Capital and Dragonfly, and included participation from LightSpeed Venture Partners, Variant, and Andreessen Horowitz.