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Crypto Startup Moralis Raises $40 Million in Fresh Funding

Founded last year, the company has notched a valuation of more than $200 million, even as cryptocurrency prices nosedive. 

Moralis co-founders Filip Martinsson and Ivan Liljeqvist

Moralis co-founders Filip Martinsson and Ivan Liljeqvist

Source: Moralis

Despite slumping crypto prices, funding rounds for blockchain startups are still getting done. Moralis, a platform offering developer tools for web applications built on top of blockchains, has raised $40 million, the startup plans to announce on Wednesday.

Moralis, which launched its platform last June, is now valued at $215 million, according to people familiar with the details who asked not to be identified because the information is private.