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.
The Goodwin team advising Uniswap was led by Karen Ubell, Alex Rea, and Joseph Yim.
The Goodwin team advising Matter Labs was led by Karen Ubell, Darin See, Gabriel Weiner Michael Homer, and Beth Swadley.
For more details, read the Uniswap and Matter Labs announcements.