According to four persons familiar with the situation, Uniswap Labs is in the early stages of putting together a fresh round. According to two sources, the business is in talks with a number of investors, including Polychain and one of Singapore’s sovereign funds, to raise an equity round of $100 million to $200 million at a valuation of around $1 billion. Uniswap Labs, whose existing investors include a16z and Paradigm, raised its most recent fundraising round, a Series A, in August 2020.