Morpho, a DeFi lending protocol, raised $175M led by Paradigm and a16z crypto with participation from major VCs including Ribbit, Circle, VanEck, Ledger, and Apollo Funds.
DeFi & Yields ·
Morpho, a DeFi lending protocol, closed a $175 million funding round. The round was led by Paradigm and a16z crypto, with participation from Ribbit Capital, Circle Ventures, VanEck, Ledger, Cathay Innovation, and Apollo Global Management's Apollo Funds.
The capital raise reflects investor confidence in Morpho's position within the decentralized finance lending sector. The backing combines established venture capital firms with crypto-native investors and institutional players spanning finance, custody, and asset management.
Details about how Morpho intends to deploy the capital, specific valuation terms, and timing of the round remain unreported in available coverage.