POPA ReconMorpho Hits $2B Valuation After Closing a Fresh $175M Funding Round
Morpho Hits $2B Valuation After Closing a Fresh $175M Funding Round Morpho has raised $175 million in a funding round led by a16z crypto, Paradigm, and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, and VanEck. The round valued the DeFi lending protocol at up to $2 billion. Founded by Paul Frambot and his team, Morpho lets users build their own blockchain-based lending markets with custom risk parameters. The project started as a layer on top of Aave before evolving into a standalone protocol. Morpho is gaining traction across crypto, with companies like Coinbase, K…
The excerpt is quoted from a public Telegram channel, which owns its text.