Morningstar Ventures
Venture capitalDubai · Seed–Series A · 1 people tracked
Find your way into Morningstar Ventures
145 people in our graph share verified history with the Morningstar Ventures team — schools, employers, funds. One of them is your warm intro.
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 12 of 19 portfolio companiesCrypto & Web3 ×9Data & Infrastructure ×4AI & Machine Learning ×3Fintech ×3Gaming ×2Media & Entertainment ×2Consumer ×1Creator Economy ×1
HQs:United States×3Liechtenstein×1Netherlands×1
Investments · 19 tracked
founders shown can be your intro pathBy year:2024 · 32022 · 62021 · 514 dated
BENQI is a decentralized finance protocol on the Avalanche blockchain offering liquid staking of AVAX (via sAVAX), lending and borrowing of crypto assets, and tools for bootstrapping validators.
Crypto & Web3Fintech
JD Gagnon(Founder)
Co-investorsArrington CapitalAscensive AssetsBorderless VentureDragonflyGenblock CapitalKane & Rao Group+5 more
Blockchain Space Asia operates a community platform called YEY that engages Web3 gaming guilds, music fandoms, content creators, and fan communities across gaming, music, art, anime, lifestyle, TV, and sports through gamification and reward features.
Creator EconomyCrypto & Web3Gaming
Co-investorsArca FundsAlameda ResearchAnimoca BrandsBlocktower CapitalCrypto com Capital
Romanian 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 FundAVentures DAOBlizzardFigmentHypersphere Ventures+5 more
Embed provides embedded payment infrastructure for EV charging platforms, supporting AFIR-compliant AC and DC charging with kiosk POS and QR payment flows, European payment methods like Vipps and Twint, and account top-ups in eMSP apps.
Data & InfrastructureEnergyFintechMobility & TransportationSaaS
Alexander Schoonkind(Founder)in
Co-investorsAlephKindred CapitalDistributed GlobalNIV
Folius Ventures is a venture capital firm that invests in, promotes, and helps build Web3 projects, with a focus on founders in the Asia-Pacific region and the Chinese-speaking community.
Crypto & Web3New York, US
Chau Kam(Managing Member of the Issuer.)Mapleleafcap(Founder)Brian Chan(CFO / COO)
Co-investorsAdaverseMarin Digital VenturesMirana Ventures6th Man VenturesAlameda ResearchAlliance DAO (ex DeFi Alliance)+8 more
Ukrainian-German game studio behind battle royale shooter Off The Grid and the GUNZ blockchain platform.
Alexander Zoll(Founder)in
Co-investors1k(x)1kxAndromeda CapitalCoinFundDigital StrategiesGamegroove Capital+15 more
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
Jambo builds low-cost Web3 smartphones, a multi-chain wallet and dApp store aimed at emerging-market users.
James Zhang(Founder & CEO)
Co-investorsEdessa CapitalFlori VenturesHypersphere VenturesPantera CapitalParadigmParaFi Capital+9 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)inLucian Mincu(Founder)inBeniamin Mincu(Founder)in
PartnerDanilo S. Carlucci· solo GP
Co-investorsWoodstock Fund
Mystiko is a zero-knowledge (ZK) infrastructure and protocol project, providing whitepapers, documentation, compliance tools, and an explorer around its $XZK token and community governance.
Crypto & Web3Data & InfrastructureDeep Tech
Co-investorsD1 VenturesDutch Crypto InvestorsPeak XV PartnersSamsung NextSequoia CapitalTribe Capital
Ojamu is a Web3 B2B platform that uses AI and machine learning to give brands automated marketing solutions, insights, and real-time blockchain data recommendations across NFT, blockchain gaming, and metaverse ecosystems.
AI & Machine LearningCrypto & Web3Marketing Tech
Co-investorsTransform VenturesAscensive AssetsChain CapitalMaster VenturesMoonrock CapitalProtocol Ventures+3 more
Particle is a news application.
AI & Machine LearningMedia & EntertainmentSan Rafael, US
Marcel Molina(Founder)in
Co-investorsAdverb VenturesKindred VenturesLightspeed Venture PartnersAlibaba GroupCanvas VenturesFlow Traders+6 more
No-code launch platform for Solana ecosystem projects seeking capital and rapid development.
Co-investorsGenblock CapitalKane & Rao GroupYoubi CapitalAscensive AssetsDivergenceMoonrock Capital
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
Saudi-based provider of online ordering, delivery-management and marketing software for restaurants.
Co-investorsDelta BlockchainDigital Currency Group500 GlobalElectric CapitalTHE LAO
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-investorsAfford.CapitalAlphabit FundAngelONE CapitalArrington CapitalAsia GreenTech FundBitDAO+48 more
XLD Finance operates X, an EVM-based blockchain built on the OP Stack for commercial payment applications, using its native stablecoin xUSD to enable cross-border payments and settlement between digital assets and traditional finance.
Crypto & Web3Fintech
Co-investorsDigital Currency GroupIntegra PartnersMentha PartnersAdvance AICircle & Co.Emfarsis+6 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Portfolio news
latest coverage across their companies
Taker · eco.com · Aug 17, 2026
Gunzilla Games · gamesindustry.biz · Apr 9, 2026
Folius Ventures · startuphub.ai · Oct 23, 2025
Frequently asked questions
- How many investments has Morningstar Ventures made?
- Morningstar Ventures has 19 tracked investments, 1 of which have exited.
- 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.
- Does Morningstar Ventures lead rounds?
- Morningstar Ventures has led 5 of the 27 rounds where its role is on record.
- Who does Morningstar Ventures co-invest with?
- Morningstar Ventures most often shares deals with Emoote, Fermion, Lemniscap, among 5 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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