Crypto Startup Moralis Raises $40 Mn in Fresh Funding

Moralis, a platform that provides developer tools for web applications built on top of blockchains, is to announce a $40 million funding round on Wednesday.

According to persons familiar with the data who asked not to be identified because the information is confidential, Moralis, which debuted its platform last June, is now valued at $215 million.

Coinbase Ventures, the investment arm of crypto exchange Coinbase Global Inc., joined EQT Ventures, Fabric Ventures, and Dispersion Capital as investors in the startup’s Series A funding round. The company did not reveal the principal investor in the financing.

Although Liljeqvist and his co-founder, Chief Operating Officer Filip Martinsson, are both Swedish, Moralis is a remote-first firm situated in Stockholm. According to Martinsson, the business seeks to make blockchain development more accessible to those who aren’t tech knowledgeable. A blockchain is a decentralised digital ledger that keeps track of transactions. Individual developers, crypto wallet providers, nonfungible token exchanges, and gaming firms are among the company’s users

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