- Morpho said it raised $175 million in a funding round co-led by Paradigm, a16z crypto and Ribbit Capital.
- The company said Apollo Funds, Circle Ventures, VanEck and Ledger Cathay participated as strategic investors.
- Some in the industry view Morpho’s fundraising as a sign that the on-chain credit market is attracting attention from venture capital (VC) firms.
Forecast Trend Report by Period
Crypto lending protocol Morpho has raised $175 million in a funding round, one of the largest in the industry.
Morpho announced on June 13 on its website that the round was co-led by Paradigm, a16z crypto and Ribbit Capital. Apollo Funds, Circle Ventures, VanEck and Ledger Cathay also…
