With Morpho, these French students seduced the crypto fund of the American giant Andreessen Horowitz

At just 21 years old, Paul Frabot is living one of the most intense years of his young history. On the sidelines of his third year of studies at Télécom Paris-Polytechnique, the co-founder of Morpho completed an $18 million fundraiser, co-led by the prestigious American fund Andreessen Horowitz (a16z crypto) and the Variant fund. In total, a hundred investors participated in the round, including Coinbase Ventures and French funds such as Alven or XAnge. Confidential, the valuation is “considerable” according to the founding team, of an order of magnitude usually reserved for much later financing rounds. What attracts all these venture capitalists so much?

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Morpho’s adventure began on the benches of Télécom Paris, where Paul Frambot, who had already been passionate about blockchain technologies for several years, was taking a course from Vincent Danos, research director at the CNRS. Together, they are interested in the disintermediation that…