Coinbase Ventures among backers of Web 3 platform Moralis, which raises $40 million

Published on 11/May/2022 15:14

Moralis provides a development platform for the creation and deployment of Web 3 games, applications and NFTs.

Web 3 development platform Moralis has received $40 million in a Series A funding round. The fresh capital will be used to drive product development, improve user experience and increase capacity for more and larger customers.

Stockholm-based Moralis provides infrastructure that enables developers to create and launch Web 3 apps, games and non-fungible tokens (NFTs) via 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, historical and real-time transaction information, and session management to help developers transition between Web 2 and Web 3.
Investors in the round included European fund EQT Ventures, Fabric Ventures, Coinbase Ventures and Dispersion Capital. EQT Ventures led the $13.4 million seed round for Moralis last year.
"We are very excited to continue our journey with Moralis," said Laura Yao, Partner at EQT Ventures. "Ivan and Filip have built an ambitious team dedicated to democratizing the current Web3 landscape by opening it up to more and more developers."