Share this article
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
Updated May 11, 2023, 6:50 p.m. Published May 11, 2022, 1:14 p.m.
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."
Read more: Ivan on Tech’s Crypto Company Pitches Metaverse Devs on Software Toolkit
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
