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Morph raised $20M in Seed funding led by DragonFly Capital and plans to enhance its technical infrastructure for a permissionless Ethereum virtual machine (EVM) Layer 2.

Mar 20, 2024•over 1 year ago

Amount Raised

$20 Million

SingaporeInformation Technology

Investors

EveryrealmMh VenturesPublic WorksSymbolic CapitalMexc VenturesThe Spartan GroupForesight VenturesPantera CapitalDragon Fly Capital

Description

Morph, a NYC-based provider of a permissionless Ethereum virtual machine (EVM) Layer 2 for value-driven dApps, raised $19M in Seed funding. The round was led by DragonFly Capital with additional participation from Pantera Capital, Foresight Ventures, The Spartan Group, MEXC Ventures, Symbolic Capital, Public Works, MH Ventures, Everyrealm, with an additional $1M raised in an angel round. The company intends to use the funds for talent acquisition, enhancing developer incentives, expanding marketing efforts to further bolster its visibility within the Layer 2 ecosystem and refining its technical infrastructure.

Company Information

Company

Morph

Location

Singapore, Southeast Asia, Singapore

About

Morph is at the forefront of transforming consumer blockchain technology for everyday use. With its innovative modular architecture and focus on user accessibility, Morph is redefining how blockchain integrates into daily life. By balancing security, scalability, and user-friendliness, it enables practical and efficient blockchain applications, making this advanced technology accessible to all.

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