Morpho raises $175M at $2B valuation from Paradigm, a16z

Morpho, a DeFi lending protocol, closed a $175 million funding round at a roughly $2 billion valuation, led by Paradigm, a16z Crypto and Ribbit Capital with participation from Apollo Funds, Circle Ventures and VanEck. The deal, reported by Fortune, comes as Morpho expands from crypto-native markets…