Bitcoin
$66,534.33+1.34%
Ethereum
$3,191.20-0.03%
Binance Coin
$604.94+1.56%
Solana
$156.48+3.85%
XRP
$0.54982013+2.82%
Dogecoin
$0.15959864-0.69%
Toncoin
$5.89-4.22%
Cardano
$0.51094033+0.40%
Shiba Inu
$0.00002660-1.69%
Avalanche
$39.06+2.54%
Wrapped Bitcoin
$66,647.33+1.40%
Bitcoin Cash
$514.40+0.72%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Countdown to Consensus 2024The largest and longest running event that covers all sides of Crypto and Web 3
36
DAYS
07
HR
36
MIN
38
SEC
Finance

Coinbase Ventures Backs Moralis' $40M Funding Round

The firm provides a development platform for building and launching Web 3 games, apps and NFTs.

By Brandy Betz
AccessTimeIconMay 11, 2022 at 1:14 p.m. UTC
Updated May 11, 2023 at 6:50 p.m. UTC
Moralis co-founders Filip Martinsson and Ivan Liljeqvist (Moralis)
Moralis co-founders Filip Martinsson and Ivan Liljeqvist (Moralis)
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Web 3 development platform Moralis has raised $40 million in a Series A funding round, money that it will use to ramp up product development, improve the user experience and increase capacity for more and larger clients. Coinbase Ventures, the investment arm of crypto exchange Coinbase (COIN), was among the investors.

  • Stockholm-based Moralis offers infrastructure that lets developers build and launch Web 3 apps, games and non-fungible tokens (NFTs) across blockchains.
  • Founded in June 2021 by Ivan Liljeqvist (YouTuber Ivan on Tech) and Filip Martinsson, Moralis develops software and application programming interfaces (APIs) that combine user authentication, identity management, historic and real-time transaction information and session management to make it easier for developers to make the transition between Web 2 and Web 3.
  • Investors in the round included European fund EQT Ventures, Fabric Ventures and Dispersion Capital, among others. EQT Ventures led the $13.4 million seed round for Moralis last year.
  • “We are very excited to be continuing our journey with Moralis,” Laura Yao, a partner at EQT Ventures, said. “Ivan and Filip have built an ambitious team committed to democratizing the current Web 3 landscape by opening it up to more and more developers."
VolumeMuteUnmute

Former CFTC Chair ‘Very Concerned’ About Funding for Crypto Regulation

  • Why Sequoia Capital Is Raising $600M to Launch New Crypto Fund
    06:39
    Why Sequoia Capital Is Raising $600M to Launch New Crypto Fund
  • Twitter Joined $20M Funding Round for Bitcoin Payments Provider OpenNode
    06:14
    Twitter Joined $20M Funding Round for Bitcoin Payments Provider OpenNode
  • Twitter Joined $20M Funding Round for Bitcoin Payments Provider OpenNode
    06:14
    Twitter Joined $20M Funding Round for Bitcoin Payments Provider OpenNode
  • Polygon Raises $450M to Build Web 3 Applications, Invest in Zero-knowledge Tech
    06:55
    Polygon Raises $450M to Build Web 3 Applications, Invest in Zero-knowledge Tech

    • Read more: Ivan on Tech’s Crypto Company Pitches Metaverse Devs on Software Toolkit

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Brandy Betz
    Brandy Betz

    Brandy covered crypto-related venture capital deals for CoinDesk.

    Follow @BrandyBetz on Twitter

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.