Moralis, a Stockholm, Sweden-based Web3 development platform, raised $40 million Series A funding round.
Participants in the round included EQT Ventures, Fabric Ventures, Coinbase Ventures, the investment arm of the U.S. cryptocurrency exchange platform, Coinbase, and Dispersion Capital, alongside new and returning angel investors.
The funding will be used by the company to accelerate product development and improve the user experience. It will also allow it to scale to support larger clients and increase client capacity.
Moralis, headed by Ivan Liljeqvist as CEO and Filip Martinsson as COO, provides a Web3 development platform which allows developers to launch and build apps, games, NFTs, and other cross-chain applications.