Morningstar Ventures
Venture capitalDubai · Seed–Series A · 1 people tracked
Investment thesis
Morningstar Ventures invests in and builds crypto and blockchain projects. Beyond providing capital, the firm positions itself as an active builder, having launched multiple subsidiaries spanning a Web3 physical space and headquarters (37xDubai), a consulting firm (MSV Studio), a software platform (Atlas Technologies), and a gaming guild (MSV GG). The team combines expertise across technology, marketing, growth strategy, design, and UI/UX, and regularly hosts Web3-focused events to connect crypto enthusiasts, investors, and builders. It describes itself as a young, dynamic, entrepreneurial team distributed across more than ten countries.
Source: firm website, verified Aug 3, 2026.
Team · 1 people
from the firm's website
What they invest in
from 5 of 7 portfolio companiesCrypto & Web3 ×3Data & Infrastructure ×3AI & Machine Learning ×1Consumer ×1Developer Tools ×1Fintech ×1Gaming ×1Media & Entertainment ×1
HQs:Liechtenstein×1Netherlands×1
Investments · 7 tracked
founders shown can be your intro pathRomanian Web3 infrastructure company providing multichain blockchain node APIs and validator services; acquired by Alchemy in 2024.
Flavian Manea(Founder)inAlexandru Catalin Filip(Founder)in
Co-investorsAscensive AssetsWoodstock FundBlizzardHypersphere Ventures
Embed provides payment infrastructure for software platforms, offering phased merchant onboarding, flexible pricing, virtual IBAN accounts, and multi-party payment disbursement through APIs.
Data & InfrastructureFintechSaaS
Alexander Schoonkind(Founder)in
Co-investorsKindred CapitalAlephDistributed GlobalNIV
Itheum is building trust layers and trust frameworks positioned as public-good infrastructure, aimed at making the definition of what and who can be trusted auditable and community-governed.
AI & Machine LearningCrypto & Web3Data & Infrastructure
Co-investorsEGLD GGWoodstock FundZBS CAPITALAscensive AssetsMechanism CapitalMHC Digital Finance+1 more
Kasu is a real-world-asset lending protocol channelling DeFi capital in USDC into private credit originated by TradFi lenders.
Co-investorsWoodstock FundFaculty Group
MultiversX operates the EGLD blockchain network, a sharded proof-of-stake distributed ledger with a WASM-based virtual machine for building decentralized applications and smart contracts.
Crypto & Web3Data & InfrastructureDeveloper ToolsVaduz, LI
Adrian Dobrita(Founder)Lucian Mincu(Founder)inBeniamin Mincu(Founder)in
PartnerDanilo S. Carlucci· solo GP
Co-investorsWoodstock Fund
STEPN is a Web3 lifestyle app that rewards users for physical movement, letting people equipped with in-app NFT sneakers earn tokens by walking, jogging, and running outdoors.
Crypto & Web3GamingWellness & Fitness
Jerry H.(Founder)in
PartnerDanilo S. Carlucci· solo GP
Co-investorsEmooteFermionLemniscapSolar Eco Fund6th Man Ventures
Telegram is a cross-platform messaging application with encrypted, self-destructing messages, multi-device sync, and large group chats.
ConsumerMedia & EntertainmentSocial
PartnerDanilo S. Carlucci· solo GP
Co-investorsAcquire FiAfford.CapitalAlphabit FundAngelONE CapitalArrington CapitalAsia GreenTech Fund+48 more
Frequently asked questions
- What stage does Morningstar Ventures invest at?
- Morningstar Ventures invests at the Seed, Series A stages.
- What is Morningstar Ventures's typical check size?
- Morningstar Ventures typically writes checks of $1.4M – $25M.
- What sectors does Morningstar Ventures focus on?
- Morningstar Ventures focuses on Crypto & Web3, Gaming.
- Where is Morningstar Ventures located?
- Morningstar Ventures is headquartered in Dubai, AE.
- Who does Morningstar Ventures co-invest with?
- Morningstar Ventures most often shares deals with Emoote, Fermion, Lemniscap, among 6 tracked co-investors.
Media · Podcasts & interviews
featuring the teamMorningstar Ventures Keynote - Danilo S. Carlucci (X Day Paris - #Day2)
MultiversX · Danilo S. Carlucci
Images
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