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Morgan Creek

301 West Barbee Chapel Road Suite 200, Chapel Hill, North Carolina, 27517, United States

Overview

Morgan Creek Capital Management, LLC is an SEC-registered investment adviser providing investment management services to institutions and wealthy families. They provide a customized investment solution to clients in need of a targeted investment program, as well as discretionary strategies to assist clients in building investment programs based on the University Endowment Model. They provide asset allocation, manager selection, and portfolio construction. Morgan Creek was founded in July 2004 by Mark W. Yusko, former Chief Investment Officer of The University of North Carolina at Chapel Hill ("UNC") Endowment. The core of the Morgan Creek investment team has worked together in a fiduciary capacity for many years managing one of the most complex endowment management programs in the country. Mr. Yusko and Managing Director Mike Hennessy were responsible for building the Investment Office and subsequent Management Company operations for the UNC Endowment, and they worked closely with the Investment Fund Board to develop investment policy, set goals and objectives, establish a strategic framework, select investment managers and manage portfolio risk.

Total investments
24
Lead investments
4
Investments · 12mo
4
Active investors
4

Sector focus

  • Emerging Markets
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Venice

    Participated · Series A · Jul 2026

    Venice offers access to more than 200 AI models—both hosted open-source models in its own data centers and routed closed-source models—while emphasizing user privacy through client-side encryption, external proxy routing, and optional end-to-end encryption for subscribers. Two years after launch the company reports over 3 million active users, more than 850,000 unique website visitors, and roughly 1.7 million API calls per day. Venice runs an “uncensored” experience with customizable AI characters and supports text, image, audio, and video generation, and it has issued two crypto tokens, VVV and DIEM, with about 8% of users paying with crypto. The company is already profitable with annualized run-rate revenues above $70 million. Management plans to use new funding to acquire GPUs and build its own data centers to cease GPU leasing and improve gross margins.

  • OXMIQ

    Participated · Series A · Jul 2026

    OXMIQ develops a licensable GPU core, OxCore™, that integrates a CUDA-compatible GPU engine, a tensor processing engine, and an orchestration engine to enable configurable AI silicon. Its OxQuilt™ chiplet integration architecture supports heterogeneous compute and memory configurations across foundries and packaging options, and OxPython™ and OxCapsule™ provide software portability and orchestration for running existing CUDA and PyTorch code. OxCore is running on FPGA today with live demonstrations available, and the company positions an IP-first model to generate revenue from customer engagements while conserving capital. OXMIQ is working with semiconductor companies, neoclouds, AI system builders, and partners such as MediaTek and AM Intelligence Labs on initiatives including a renewable-powered AI factory collaboration. The company has strengthened its governance with additions to its board and advisory ranks to support customer integration and scaling. Financially, OXMIQ has raised $60 million in total capital following the $35 million Series A.

  • Neurophos

    Participated · Series A · Jan 2026

    Neurophos is an Austin-based semiconductor startup building optical processing units (OPUs) that integrate more than one million micron-scale optical processing elements onto a single chip. Using proprietary metamaterial optical modulators—miniaturized 10,000-fold versus prior photonic components—the company targets up to a 100× gain in both speed and energy efficiency over leading silicon GPUs. Its technology is positioned as a drop-in replacement for current data-center accelerators, addressing power, scalability and cost constraints facing large-scale AI inference. Total capital raised now stands at $118 million, providing resources to commercialize the first integrated photonic compute system, complete with datacenter-ready OPU modules, software stack and developer hardware. The Series A proceeds will support expansion of the Austin headquarters and the opening of a San Francisco engineering office to serve early customers. Neurophos’ founding team includes veterans from NVIDIA, Apple, Intel and other major chipmakers, bolstering its credibility in bringing photonic computing to market.

  • Niobium Microsystems

    Participated · Equity · Dec 2025

    Niobium Microsystems is a Dayton-based company developing specialized chips that bring fully homomorphic encryption (FHE) into practical commercial use. Its custom silicon architecture allows data to remain encrypted even while it is being processed, offering mathematically guaranteed privacy for customers handling sensitive information. Led by CEO Kevin Yoder, the firm is currently building a production-ready application-specific integrated circuit (ASIC) and enhancing supporting infrastructure for pilot integrations. With offices in Portland and San Francisco, Niobium plans to broaden ecosystem enablement so partners can more readily adopt FHE-based solutions. The company recently secured more than $23 million in fresh capital to finalize its production silicon design and bolster customer-facing capabilities. Although financial performance metrics such as revenue or user count were not disclosed, the size of the latest raise underscores investor confidence in the company’s technology roadmap.

  • Skriber

    Led · Seed · May 2025

    Skriber builds an AI-powered medical scribe that captures patient encounters and transforms them into structured clinical notes to help providers reduce administrative time and focus on patient care. The company leverages artificial intelligence to automate clinical documentation and support workflows for healthcare providers. Skriber is led by CEO Hayden Plummer and is based in Salt Lake City, UT. The company raised $1.3M in pre-seed funding to support its growth. Skriber intends to use the funds to scale its platform, invest in further research and development to maintain technological leadership, and expand the team to support sales and customer success efforts. No operating metrics or revenue figures were disclosed in the article.

Team