Morph completes US$20 million in seed and angel round financing, led by Dragonfly Capital
TechFlow news, Ethereum L2 Morph announced the completion of a $19 million seed round of financing, led by Dragonfly Capital, with participation from Pantera Capital, Foresight Ventures, The Spartan Group, MEXC Ventures, Symbolic Capital, Public Works, MH Ventures and Everyrealm.
In addition, Morph also received US$1 million in angel round financing. Investors include founders from Polygon, Manta, Galxe, Sei, Nansen, Story Protocol and other projects, as well as KOLs such as Icebergy, MoonOverlord, NaniXBT, and Dingaling. Morph plans to use this round of financing to accelerate team building, increase developer incentives, expand marketing, etc.
As an Ethereum Layer 2 solution, Morph aims to provide project founders with one-stop development tools and solutions. Morph is built on three key technologies, namely decentralized sequencer, Optimistic zkEVM integration and modular design.
