HomeUSAMorph Raises $20M in Seed Funding

Morph Raises $20M in Seed Funding

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Morph

Morph, a NYC-based provider of a permissionless Ethereum virtual machine (EVM) Layer 2 for value-driven dApps, raised $19M in Seed funding.

The round was led by DragonFly Capital with additional participation from Pantera Capital, Foresight Ventures, The Spartan Group, MEXC Ventures, Symbolic Capital, Public Works, MH Ventures, Everyrealm, with an additional $1M raised in an angel round.

The company intends to use the funds for talent acquisition, enhancing developer incentives, expanding marketing efforts to further bolster its visibility within the Layer 2 ecosystem and refining its technical infrastructure.

Led by CEO Cecilia Hsueh, and COO Azeem Khan, Morph is a permissionless EVM L2 that uses a combination of optimistic and zero knowledge rollup technology to enable limitless possibilities in finance, gaming, social media, and entertainment. Morph is a Layer 2 on Ethereumto launch with a decentralized sequencer, aligning it with several core principles of web3—decentralization, censorship resistance, and security.

FinSMEs

20/03/2024