Startup profile · funding coverage
Morpho funding, valuation and investors
Decentralized lending protocol and open credit network for onchain markets.
Keep track of Morpho
Save this profile to your VCT watchlist for a quick return.
Funding, valuation & investors
Answer-first snapshotLatest funding
Series
$175M · June 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$243M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
growth · Paris, France
Investors in latest funding
Lead: Paradigm , Andreessen Horowitz Crypto , Ribbit Capital
Overview
Morpho is a decentralized lending protocol that optimizes rates by matching lenders and borrowers onchain, built as a peer-to-peer layer atop existing lending pools like Aave and Compound. Paris-based Morpho Labs develops the protocol. a16z crypto co-led an $18M round in July 2022; Ribbit Capital led $50M in August 2024; a $175M round in June 2026 included Paradigm, a16z crypto, and Ribbit.
Why Morpho is interesting
Paris DeFi lending layer atop Aave/Compound — a16z co-led $18M seed; Ribbit led $50M before $175M round in 2026 as onchain credit scales institutional capital.
Product & use cases
Morpho connects lenders and borrowers peer-to-peer for better rates than base pool lending, while routing liquidity through Aave/Compound for backstop. Morpho Blue is the modular lending primitive for building custom onchain credit markets.
- Optimized DeFi lending rates for crypto holders
- Institutional onchain credit via Morpho vaults
- Custom lending market creation with Morpho Blue
Key facts
- Seed/A (Jul 2022): $18M co-led by a16z crypto — Morpho blog
- Strategic (Aug 2024): $50M led by Ribbit — CoinDesk
- Series (Jun 2026): $175M co-led by Paradigm, a16z, Ribbit — CoinDesk
Funding history (newest first)
Series
2026-06 $175M- Paradigm (lead)
- Andreessen Horowitz (lead)
- Ribbit Capital (lead)
Source: https://www.coindesk.com/business/2026/06/01/morpho-raises-175m
Strategic
2024-08 $50MSource: https://www.coindesk.com/business/2024/08/08/morpho-raises-50m
Seed/Series A
2022-07 $18MInvestors in our directory
Funds linked from Morpho's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Rate optimization layer atop existing DeFi liquidity — improves on Aave/Compound without rebuilding base infrastructure.
Morpho doesn't replace Aave/Compound — it optimizes rates on top. Institutional DeFi credit is the growth vector (Ribbit, Paradigm rounds). Competes with Maple on institutional lending while maintaining retail rate optimization.
-
Aave adjacent
Base lending protocol Morpho routes through.
-
Compound adjacent
Base lending protocol.
-
Maple Finance direct
Institutional onchain lending.
-
Euler Finance direct
Permissionless lending protocol.
Notable stories
- Morpho started as a rate optimizer atop Aave and evolved into Morpho Blue — a modular lending primitive for custom onchain credit markets.
Industries
Related funding articles
Venture Capital Tracker pieces that cover Morpho's financing or category context.
FAQs about Morpho
Practical answers founders, operators, and investors typically search for.
Last updated:
Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.