At just 21 years old, Paul Frabot is experiencing one of the most intense years of his young history. In his third year of studies at Télécom Paris-Polytechnique, the co-founder of Morpho completed an $18 million fundraiser jointly led by the prestigious American Andreessen Horowitz (a16z crypto) fund and the Variant fund. In total, a hundred investors participated in the round, including Coinbase Ventures and French funds such as Alven or XAnge. Privately, the valuation is “significant,” according to the founding team, an order of magnitude typically reserved for much later funding rounds. What is so appealing to all these venture capitalists?
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Morpho’s adventure began at the desks of Télécom Paris, where Paul Frambotte, who had been passionate about blockchain technologies for several years, was taking a course with CNRS Research Director Vincent Danos. Together, they are interested in disorienting that…
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.