All funds
Morningstar Ventures logo

Morningstar Ventures

$710Mdisclosed portfolio round capital
1 Mar, 2026last investment
88portfolio companies
1team members

Analyst signals

Portfolio activity and matriculation

Metrics use all recorded activity through 21 Jul 2026 across pre seed, private, seed, series a, series c, strategic, unknown. Later-round outcomes are capped at the period end.

36.4%companies with a later round · 32/88
0.84×median round-size step-up · n=31
1.60×median valuation step-up · n=6
0%recorded-solo rate · 0 solo / 101 syndicated
Finance · 20 companiesGaming · 13 companiesNFTs · 6 companies

These are activity signals, not fund-return metrics. Round capital is the full disclosed financing amount, not this fund's check size. “Recorded solo” means only one investor is present in the source data and is a lead signal, not verified lead status; syndicated rounds are a co-investor or follower signal. IRR, TVPI, DPI, ownership, exits, and market beta cannot be calculated from the available records. 71 ambiguous legacy rounds were excluded.

Opportunities

Crypto jobs across Morningstar Ventures's portfolio

104 current roles at companies backed by Morningstar Ventures, sourced from JobStash's crypto job board.

People

Team

D

Danilo S. Carlucci

Founder & CEO

Portfolio

Investments

Full financing histories for portfolio companies. Highlighted rounds are those where Morningstar Ventures is recorded as an investor.

$STYLE Protocol is a Web3 project developing a system for AI-generated 3D models, targeting applications in the metaverse, gaming, and fashion industries. It leverages blockchain technology and aims to facilitate the creation and use of digital assets in virtual worlds.

Seed1 Apr, 2024$2.5M roundSyndicated · 25 disclosed investors
0G Labs logo

0G Labs

hybrid
Blockchain Platforms

0G Labs develops and operates 0G, an EVM-compatible Layer 1 and decentralized AI stack. Its products provide blockchain, compute, distributed storage, data availability, and private AI inference capabilities for developers, enterprises, researchers, and AI applications.

Public Sale1 Jan, 2025$34M round
Seed13 Nov, 2024$40T round
Pre-Seed26 Mar, 2024$35T roundSyndicated · 43 disclosed investors
Uncategorized

Aark Digital is a perpetual decentralized exchange (DEX) on Arbitrum.

Seed1 Apr, 2024$6M roundSyndicated · 7 disclosed investors
Seed12 Jul, 2023
Pre-Seed1 Jul, 2023
Age of Zalmoxis logo

Age of Zalmoxis

out of scope
Media

Age of Zalmoxis is an Indonesian-language news and media website publishing articles on current events, politics, crime, religion, and general interest topics in Indonesia.

Unknown1 Sep, 2022Syndicated · 20 disclosed investors

Stealth

Unknown1 Apr, 2024
Unknown1 Dec, 2023Syndicated · 9 disclosed investors
Allo logo

Allo

crypto
Finance

Allo tokenizes real-world assets, allowing users to trade, stake, and borrow against assets like equity, real estate, and commodities on-chain.

Seed1 Dec, 2024$2M roundSyndicated · 3 disclosed investors
Ancient8 logo

Ancient8

crypto
Gaming

Ancient8 is a gaming-focused Ethereum Layer 2 blockchain built to power Web3 gaming experiences. It provides the infrastructure and modular blockchain platform for games including fully on-chain games, games on X, games on Telegram, IP-infused games, and AI-powered games, serving game developers and players in the Web3 gaming ecosystem.

Grant2 Dec, 2024$1.2T round
Grants1 Dec, 2024$1.2M round
Unknown1 Jun, 2022$6M roundSyndicated · 18 disclosed investors
Gaming

Apeiron is a play-and-earn god game built with NFTs on the Ronin Blockchain. Players act as 'Godlings,' shaping worlds and assisting creatures called 'Doods.' The game features NFT assets like Planets, Stars, and Relics, and a multi-token economy for governance, play-to-earn rewards, and social gameplay.

Pre-Seed1 Apr, 2022$14M round$80M valuationSyndicated · 11 disclosed investors
Seed1 Apr, 2022$10M roundSyndicated · 5 disclosed investors
Pre-Seed1 Mar, 2022$3M round$50M valuation
Unknown1 Mar, 2022$880K round
Ardana logo

Ardana

out of scope
Finance

Ardana is a decentralized stablecoin hub on Cardano. It is building a collateral-backed stablecoin and Danaswap, a stable-asset automated market maker exchange.

Public Sale1 Nov, 2021$2.1M round$75M valuation
Strategic1 Oct, 2021$10M roundSyndicated · 11 disclosed investors
Strategic1 Aug, 2021
AshSwap logo

AshSwap

crypto
Finance

AshSwap is a DeFi hub on MultiversX that operates a stable-swap AMM DEX, DEX aggregator, liquidity and governance features, and the AshPerp perpetual-trading module.

Public Sale1 Oct, 2022$2.8M round$40M valuation
Private1 Oct, 2022$2.5M round$25M valuationSyndicated · 8 disclosed investors
AutoLayer logo

AutoLayer

hybrid
Data & Analytics

AutoLayer is an AI Agents Marketplace where users can analyze, discover, invest in, and create AI Agents and their associated tokens. The platform provides tools for sentiment analysis, financial analytics, and social analytics for the AI token ecosystem.

Seed1 Apr, 2024$2.5M roundSyndicated · 7 disclosed investors
AVALON logo

AVALON

ai robotics
Gaming

AVALON is an AI- and player-powered shared-universe game where players can explore official and player-created worlds, build experiences, and retain their character progress and creations across the universe. It targets players, creators, modders, streamers, and world-builders.

Unknown28 Feb, 2023$13T roundSyndicated · 9 disclosed investors
Axelar logo

Axelar

crypto
Infrastructure

Axelar enables secure cross-chain communication for Web3, allowing developers to build interchain dApps connecting to any blockchain.

Unknown1 Mar, 2025$30M round
ICO16 Mar, 2022$50T round
Public Sale1 Mar, 2022$50M round$1.1B valuation
Series B17 Feb, 2022$35T round
Strategic1 Nov, 2021Syndicated · 2 disclosed investors
Series A15 Jul, 2021$25T roundSyndicated · 16 disclosed investors
Seed13 Nov, 2020$3.8T round
Bayz.gg logo

Bayz.gg

out of scope
Media

Bayz.gg is a casino-strategy website offering free guides, tips, and news for games including blackjack, poker, roulette, slots, and craps. It aims to help players improve their gaming knowledge and decision-making.

Seed1 Dec, 2021$4M roundSyndicated · 11 disclosed investors
BENQI logo

BENQI

crypto
Finance

BENQI is a suite of DeFi protocols on Avalanche offering liquid staking, lending and borrowing, validator deployment, and node voting. It serves AVAX holders, digital-asset lenders and borrowers, and Avalanche validator operators.

Unknown14 Apr, 2021$6T roundSyndicated · 5 disclosed investors
Strategic1 Apr, 2021$6M roundSyndicated · 12 disclosed investors
beoble logo

beoble

crypto
Social

beoble provides a wallet-to-wallet messaging application for Web3 users. Its chat product includes social features such as inviting friends, messaging tasks, chatrooms, and reward points.

Strategic1 Jul, 2024$3M round
Unknown1 May, 2024
Unknown1 Mar, 2024
Seed1 Feb, 2024$5M roundSyndicated · 11 disclosed investors
Strategic1 Jan, 2024
Pre-Seed1 Nov, 2023$2M round
Biconomy logo

Biconomy

crypto
Finance

Biconomy is a global cryptocurrency exchange offering spot, futures, and earn products for digital asset holders.

Strategic 28 Mar, 2024
ICO28 Oct, 2021$12T round
Unknown28 Jul, 2021$9T roundSyndicated · 6 disclosed investors
Seed31 Dec, 2020$1.5T round

A blockchain analytics company focusing on securing the NFT ecosystem.

Series A1 Jan, 2024$2.4M roundSyndicated · 8 disclosed investors
Public Sale1 Dec, 2023$3.3M round$55M valuation
Strategic1 Jan, 2023
Unknown1 Feb, 2022$3.6M round$36M valuationSyndicated · 9 disclosed investors
Seed1 Sep, 2021$750K round$7.5M valuation
Bitune logo

Bitune

crypto

Bitune is a company focused on the Bitcoin ecosystem. Their mission is to simplify interactions with Bitcoin, making it more accessible, while also developing advanced solutions to address challenges like scalability, privacy, and security.

Unknown1 Apr, 2021
Public Sale1 Feb, 2021$50K round$5M valuation
Seed1 Feb, 2021$150K roundSyndicated · 4 disclosed investors

Blast Royale is a next-generation Battle Royale game developed by First Light Games.

Public Sale1 Nov, 2024$699K round$10 valuation
Seed1 Apr, 2022$5M round$33M valuationSyndicated · 17 disclosed investors

Blockchain Cuties is a crypto game where players collect and play with unique NFT creatures.

Seed1 Mar, 2021Syndicated · 12 disclosed investors
Gaming

Blockchain Monster Hunt is the world's first multi-chain metaverse game that connects people from different blockchain communities. Inspired by Pokémon GO, Blockchain Monster Hunt allows users to play and earn in an abundantly diverse world of monsters.

Seed1 Sep, 2021$3.8M roundSyndicated · 14 disclosed investors
Bondex logo

Bondex

crypto
Social

Bondex is a web3 professional network and talent platform that lets professionals build verified profiles, get their credentials verified, and get discovered by companies hiring in web3. It also lets companies find and hire vetted web3 talent, backed by a native token ($BDXN) and an ecosystem of reputation-verification infrastructure.

Public token sale19 Jun, 2024$6.5T round
Private19 Jun, 2024$4T round
Unknown1 Jun, 2024
Public Sale1 Mar, 2024$6.5M round$80M valuation
Unknown1 Aug, 2021$4M roundSyndicated · 3 disclosed investors
Infrastructure

Brawl AI Layer (BitBrawl) is building what it describes as the world's first dedicated Layer-3 blockchain network for AI data monetization. The platform connects AI models with blockchain infrastructure to enable secure, scalable data monetization, offering tools such as an NFT marketplace, node staking, an AI console/hub, a search engine, and an SDK for developers. Its intended users are AI builders, developers, and retail/consumer users seeking to monetize or access AI-driven Web3 products, with an initial ecosystem focus on Solana.

Seed1 Feb, 2024$3M roundSyndicated · 3 disclosed investors