Web3 development platform Moralis reels in $40 million in Series A

05/11 13:19

According to TheBlock, Web3 development platform Moralis said on Wednesday that it has snagged $40 million in a Series A funding round. Investors in the platform, which launched last June, include EQT Ventures, Fabric Ventures, Coinbase Ventures and Dispersion Capital, among other angels. The Stockholm-based business, which provides infrastructure for developers to build and launch apps, games and NFTs cross-chain, said in a release that it will use the money for product development, improving user experience and scaling to both increase its client capacity and support larger clients. Moralis declined to reveal its valuation.
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