Crypto Startup Moralis Raises $40 Million in Fresh Funding

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.

Investors in the startup’s Series A funding round include Coinbase Ventures, the investment arm of crypto exchange Coinbase Global Inc., along with EQT Ventures, Fabric Ventures and Dispersion Capital. The company declined to name ...