Morningstar Ventures was created in early 2020 by Danilo S. Carlucci. He has been active in the space for some time and soon realized that besides investing, he also had an interest in building products, helping teams grow, and pushing blockchain adoption in specific regions of the world that were dear to him (UAE, Russia, and Switzerland in particular).
Given that Danilo had been an investor, advisor, and marketer to numerous blockchain teams over the past years, it made sense for him to launch Morningstar Ventures.
With these values, Morningstar Ventures was set up to be more than just an investment fund. Besides actively deploying capital and supporting early-stage teams, the company spends a lot of time building — it operates a handful of in-house blockchain projects and has a full-time count of 20+ people behind the scenes. The core focus is Digital Assets and Blockchain on the investment side, but it has already backed several teams outside of this scope not announced publicly. At Morningstar Ventures we are proud of our diverse portfolio, and you can find a number of our investments here: Portfolio
To be clear, Morningstar Ventures never raised any capital (and doesn't plan to do so). It is funded privately and thus it has the freedom of truly supporting whatever belief in, at whichever growth stage a particular project may be in. Overall, if we have the possibility, we like to make follow-on investments to double down on our conviction bests.
Last but not least, our primary focus within the crypto sphere is investing and supporting projects built on MultiversX, which either amplify the MultiversX ecosystem or use the MultiversX infrastructure as their base layer.
