Morpho Labs Raises $18M in Latest Funding Round Co-led by a16z and Variant

Decentralized lending services protocol Morpho Labs raised $18 million in a funding round co-led by Andreessen Horowitz (a16z) and Variant, with the participation of 80 other investors.

​Fazzaco Business Awards 2022 Officially Kicks Off

Morpho is intended to plug into existing lending protocols such as Compound and Aave to offer higher yields through peer-to-peer liquidity.

Morpho-Compound launched a few weeks ago and has accumulated $30 million in liquidity, according to the company. Morpho-Aave will launch in the coming weeks.

"Morpho is a brand new type of lending primitive that directly matches suppliers and borrowers and sits directly on top of lending pools like Aave and Compound, unlocking rates that are competitive both on and off-chain," said Variant Fund general partner Spencer Noon in the announcement. "If successful, we believe it has the potential to become a go-to coordination layer of a new global and decentralized financial system."