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Morningstar Ventures

Almas Tower, Jumeirah Lakes Towers, Dubai, United Arab Emirates

Overview

Investment firm focused on blockchain and digital assets.

Founded

2020

Deals · 12mo

3

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Singapore
United States

Sector focus

Cryptocurrency

Investment portfolio

44rounds
NAMEDATESIZE
Quantera Network
Aug 2026Participated
$2 MSeed
Predictive Market Space
Dec 2025Led
$3 MSeed
Pieverse
Oct 2025Participated
$7 MOther Equity
Gudchain
Jun 2024Participated
$5 MOther Equity
Particle Network
Jun 2024Participated
$15 MSeries A
STYLE Protocol
May 2024Participated
$3 MSeed
Tevaera
Apr 2024Participated
$5 MOther Equity
Shiba Inu Coin
Apr 2024Participated
$12 MOther Equity
Aark
Apr 2024Participated
$6 MSeed
Gull Network
Apr 2024Led
$2 MOther Equity
AutoLayer
Apr 2024Participated
$3 MSeed
Merkle Trade
Apr 2024Participated
$2 MSeed
Quantera Network
Aug 2026Participated
$2 MSeed
Predictive Market Space
Dec 2025Led
$3 MSeed
Pieverse
Oct 2025Participated
$7 MOther Equity
Gudchain
Jun 2024Participated
$5 MOther Equity
Particle Network
Jun 2024Participated
$15 MSeries A
STYLE Protocol
May 2024Participated
$3 MSeed
Tevaera
Apr 2024Participated
$5 MOther Equity
Shiba Inu Coin
Apr 2024Participated
$12 MOther Equity
Aark
Apr 2024Participated
$6 MSeed
Gull Network
Apr 2024Led
$2 MOther Equity
AutoLayer
Apr 2024Participated
$3 MSeed
Merkle Trade
Apr 2024Participated
$2 MSeed
44
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Insights

Time horizon

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Deal Distribution

Morningstar Ventures: 44 funding rounds are recorded in the selected participation categories.All available history.
Morningstar Ventures: 44 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed219
Series A04
Other Equity316

Monthly Deal Activity

Morningstar Ventures: 44 deals are recorded across 67 months.All available history.
Morningstar Ventures: 44 deals are recorded across 67 months. All available history
MonthDeals
Apr '213
May '212
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '213
Jan '222
Feb '224
Mar '222
Apr '222
May '221
Jun '222
Jul '221
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '230
May '231
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '244
Feb '242
Mar '242
Apr '246
May '241
Jun '242
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '261
Sep '260
Oct '260

Sector Breakdown

Morningstar Ventures: Crypto & Blockchain is the largest displayed sector by deal count (31 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Morningstar Ventures: Crypto & Blockchain is the largest displayed sector by deal count (31 deals). All available history
SectorDeals
Crypto & Blockchain31
Fintech14
Gaming & eSports13
AR/VR9
Media & Entertainment7
AI & Machine Learning6
Enterprise Software5
E-Commerce & Retail4
Data, Analytics & IT4
Networks, Cloud & Communication4
Cybersecurity & Privacy2
Social & Community Platforms2
Consumer & Lifestyle1
Hardware & Robotics1
Marketing & Advertising1
Manufacturing1

Deal Size Distribution

Morningstar Ventures: 44 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Morningstar Ventures: 44 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M24
$5M-$10M10
$10M-$25M9
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Morningstar Ventures: United States has the largest recorded deal count among the displayed regions (15 deals).All available history.

Top 10 of 14 regions; European countries are grouped as Europe.

Morningstar Ventures: United States has the largest recorded deal count among the displayed regions (15 deals). All available history
RegionDeals
United States15
Europe12
Singapore5
Australia2
Cayman Islands1
Vietnam1
Philippines1
175301
221021
Liberia1
Morningstar Ventures: 20 co-investors are shown, with Animoca Brands sharing 10 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Morningstar Ventures: 20 co-investors are shown, with Animoca Brands sharing 10 recorded deals. All available history
Co-investorShared deals
Animoca Brands10
Mechanism Capital10
Spark Digital Capital8
GBV Capital6
Shima Capital6
Cypher Capital5
SkyVision Capital5
Coinbase Ventures4
Crypto.com4
Genblock Capital4
HashKey Capital4
Momentum64
Woodstock Fund4
Arrington Capital3
Ascensive Assets3
Asteroid Capital3
AU21 Capital3
Banter Capital3
Black Edge Capital3
DWF Labs3

Investment Strategy

Morningstar Ventures: Led accounts for 11% and participating for 89% of round participation.All available history.
Morningstar Ventures: Led accounts for 11% and participating for 89% of round participation. All available history
CategoryDeals (count)Share (%)
Led511%
Participating3989%
Morningstar Ventures: Single-lead accounts for 40% and co-led for 60% of lead dynamics.All available history.
Morningstar Ventures: Single-lead accounts for 40% and co-led for 60% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead240%
Co-led360%

Team

Danilo S. Carlucci

Co-Founder & Chief Investment Officer