Moralis, a Stockholm, Sweden-based Web3 development platform, raised a $40 million Series A funding round.
Investors in the round included EQT Ventures, Fabric Ventures, Coinbase Ventures, the investment arm of the U.S. cryptocurrency exchange platform, Coinbase, and Dispersion Capital, alongside new and returning angel investors.
The company will use the funding to focus on ramping up product development and improving the user experience while also allowing it to scale to both increase its client capacity and support larger clients.
Company: Moralis Web3 Technology AB
Round: Series A
Funding Month: May 2022
Lead Investors: EQT Ventures, Fabric Ventures, Coinbase Ventures, the investment arm of the U.S. cryptocurrency exchange platform, Coinbase, and Dispersion Capital
Company Website: https://moralis.io/
Software Category: Web3 development platform
About the Company: Led by Ivan Liljeqvist, CEO, and Filip Martinsson, COO, Moralis provides a Web3 development platform that gives the infrastructure necessary for developers to build and launch apps, games, and NFTs cross-chain. Moralis offers everything that the user needs to create, host, and grow great Apps in one place. It allows you to simply interface with an infinite number of external projects, chains, and technologies. Moralis provides a modular, adaptable platform that allows you to pick and choose the components you require for your project.