Morpho Raises $50 Million in Funding

Morpho, a decentralized lending developer, raised $50 million in funding led by Ribbit Capital.

Other participants in the fundraise included:
– a16z crypto
– Coinbase Ventures
– Variant
– Pantera
– Brevan Howard
– BlockTower
– Kraken Ventures
– Hack VC
– IOSG
– Rockaway
– L1D
– Semantic
– Mirana
– Cherry
– Fenbushi
– LeadBlock
– Bitpanda Ventures
– Robot Ventures

According to a Morpho release, Paul Frambot, Co-Founder and CEO of Morpho, stated, “When Morpho first launched 2 years ago, its primary product was Morpho Optimizer, an optimization layer on top of Aave and Compound that improved interest rates for users. Since then, Morpho has evolved into independent financial infrastructure, inspired by the layered protocols of the early internet.”

Earlier this year, Pantera Capital also invested in Morpho, which had previously raised an additional $18 million in funding led by Andreessen Horowitz and Variant in 2022.

In October 2023, Morpho launched Morpho Blue, a decentralized lending protocol that de-centers DAOs and opens up markets for risk management and specialized products. As of July 30, Morpho Blue has amassed $1.52 billion in total value locked (TVL).

_Correction: Aug. 1, 19:45 UTC: The entity that raised funds was Morpho, not Morpho Labs, and updated language regarding Pantera Capital’s investment in Morpho has been included.