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Morpho raised $175 million in a funding round led by a16z crypto, Paradigm, and Ribbit Capital, aimed at boosting its decentralized finance protocol.
Amount Raised
$175 Million
Round Type
Funding Round
ParisFinancial ServicesFinanceFintechBlockchainCryptocurrencyLendingInvestors
Description
Morpho announced its successful fundraising of $175 million, garnering significant investment from top crypto firms. The funding was primarily focused on further developing its blockchain-based lending and borrowing platform. The company's valuation reached up to $2 billion with this round. Morpho distinguishes itself in the growing DeFi space amidst traditional financial institutions' increasing interest in crypto.
Fundz sees it the moment Morpho raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Morpho raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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