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.

Investors

The funding round was co-led by Paradigm, Ribbit Capital, and a16z crypto. Additional participants included Apollo Funds, Circle’s venture unit, and VanEck.

Morpho Use of Funds

The company intends to use the capital to continue developing its decentralized finance infrastructure and expand its reach to traditional financial institutions.

About Morpho

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
Source: https://fortune.com/2026/06/09/morpho-fundraise-a16z-crypto-paradigm-ribbit-capital-175-million/