Moralis secures a $13.4m seed funding from EQT Ventures

By Joy Dumasia

Moralis, the next-generation blockchain development platform powering decentralised apps (dApps), is announcing it has raised $13.4 million in seed funding, led by EQT Ventures. The funding will be used to hire and continue product development, enabling developers to rapidly build enterprise-scale blockchain applications, cutting cost and complexity. Moralis uniquely allows developers and companies to focus on the front-end while handling the entire back-end by providing a complete, end-to-end blockchain application development platform.

dApps exist and run on a blockchain, or peer-to-peer (P2P) network, of computers used for cryptocurrencies, NFT marketplaces, block explorers, decentralised investment platforms, crypto games, and more. Still, decentralised technology is in its infancy and requires the broader community to adopt, starting with developers.

Developers experience many obstacles inherent to blockchain technology when building dApps. User authentication, node management, real-time notifications, data indexing, and data aggregation are challenging topics that different projects generally address in isolation, making it hard for traditional web developers to jump into the Web3 world.

Moralis has been building a middleware platform that aggregates many services ranging from node management and authentication to real-time and historic transaction indexing. By aggregating multiple services together into a single SDK, Moralis has the ambition to become the ideal gateway from Web2 to Web3, empowering the next generation of developers to build highly scalable and secure dApps in a matter of days, not months.

Ivan Liljeqvist, CEO at Moralis, said: “We are overwhelmed by the positive feedback and excitement from the blockchain community; building dApps should be as easy as building websites, and that’s the big vision of Moralis. We’ve already seen massive, sustained adoption in our first few months, amassing over 30,000 developers since launch, and the growth shows no sign of slowing. This immense interest further validates Moralis’ business proposition, showcasing how we solve the pain points with existing blockchain development.”