SEC filing shows that Uniswap raised $11 million in June

Source: The Block 2020-08-07

A Form D filing submitted to the U.S. Securities and Exchange Commission in June indicates that the company behind decentralized exchange Uniswap raised $11 million from a group of as-yet-to-be-identified investors.

The June 19 filing, flagged on social media Thursday morning, indicates that the first sale of the $11 million in securities was sold on June 5. The filing indicates that the $11 million was raised from 12 investors, though it's not clear whether the filing reflects the total amount Uniswap may have raised in this particular funding effort.

The influx of new funding came about a month after Uniswap launched the second iteration of its decentralized exchange, Uniswap v2.

DEX volume surged to a record-breaking high of $4.3 billion during July, with Uniswap accounting for 41% of that traffic. Uniswap itself has been experiencing upward volume growth in recent months.

The DEX-to-centralized exchange ratio rose to nearly 4% during that period, a monthly high.

Uniswap did not immediately respond to a request for comment.

Uniswap

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SEC filing shows that Uniswap raised $11 million in June

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