Morpho Raises $175M in Funding at $2B Valuation
Morpho, a Paris-based developer of a decentralized finance protocol, has raised $175 million in a funding round that values the company at $2 billion. The startup provides infrastructure that allows users to create their own blockchain-based lending and borrowing markets with customized risk parameters.
The funding round was co-led by Paradigm, Ribbit Capital, and a16z crypto. Additional participants included Apollo Funds, Circle’s venture unit, and VanEck.
The company intends to use the capital to continue developing its decentralized finance infrastructure and expand its reach to traditional financial institutions.
Founded in 2021 by Paul Frambot, Merlin Egalite, Julien Thomas, and Mathis Gontier Delaunay, Morpho offers a DeFi protocol that enables users to build independent lending markets. The company focuses on building code and infrastructure to facilitate secure blockchain-based lending, positioning itself as a flexible alternative to existing decentralized finance platforms.
Funding Details
Company Website: https://morpho.org
Company: Morpho
Raised: $175M
Round: Other
Funding Date: June 9, 2026
Lead Investor: Paradigm, Ribbit Capital, a16z crypto
Additional Investors: Apollo Funds, Circle’s venture unit, VanEck
Software Category: Decentralized Finance / Fintech