Startup profile · funding coverage
Morpho funding, valuation and investors
Decentralized lending protocol and open credit network for onchain markets.
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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 Crypto (lead)
- Ribbit Capital (lead)
Source: Read source · coindesk.com
Strategic
2024-08 $50MSource: Read source · coindesk.com
Investors 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.
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Aave adjacent
Base lending protocol Morpho routes through.
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Compound adjacent
Base lending protocol.
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Maple Finance direct
Institutional onchain lending.
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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
Market / IPO context
Editorial / static context — not a live quote.
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.
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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.