Home
Loading

aVenture is in Alpha: During this preview period, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to provide early access to our data to showcase the product as we build, but you should not yet rely upon it alone for your investment decisions.

aVenture is in Alpha: During this preview period, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to provide early access to our data to showcase the product as we build, but you should not yet rely upon it alone for your investment decisions.

Get in touch

  • Contact

  • Request a demo

  • Request data updates

  • Add a company

Research

  • Companies

  • Investors

  • People

aVenture

  • Sitemap

  • Feature requests

Member

Backed by

© aVenture Investment Company, 2026. All rights reserved.

San Francisco, CA, USA

Privacy Policy

aVenture Investment Company ("aVenture") is an independent research platform providing detailed analysis and data on startups, venture capital investments, and key industry individuals. It is not a registered investment adviser, broker-dealer, or investment advisor and does not provide investment advice or recommendations. The data provided by aVenture does not constitute recommendations or advice, whether by methodology, analysis, AI-generated content, or a statement written by a staff member of aVenture.

aVenture is not affiliated with any of the people, companies, organizations, government agencies, regulatory bodies, or investment funds we provide coverage for on this site unless explicitly stated otherwise. Users assume full responsibility for decisions made based on information obtained from this platform. Links to external websites do not imply endorsement or affiliation with aVenture. Any links that provide the ability to invest in a primary or secondary transaction in a company are for convenience only and do not constitute solicitations or offers to buy or sell an investment. Investors should exercise heightened precaution and due diligence when investing in private companies, especially those not independently audited.

While we strive to provide valuable insights with objectivity and professional diligence, we cannot guarantee the accuracy of the information provided on our platform. Before making any investment decisions, you should verify the accuracy of all pertinent details for your decision. To the fullest extent permitted by law, aVenture shall not be liable for any direct, indirect, incidental, consequential, or financial damages arising from use of this site, whether by consumers of its contents directly or by persons or organizations covered by our research, even if we are advised of the possibility. Our best-efforts processes and correction request forms do not create a warranty or duty of care.

Profiles on this platform may include content generated in part by large language models (LLMs, artificial intelligence) that aggregate publicly available sources (e.g., SEC EDGAR, public filings, press releases). Source attribution is provided where known; always verify statements and claims here against original sources before relying on any data. Content on our site may contain inaccuracies, omissions, or what are commonly called 'hallucinations' if generated in part or in full by AI / LLMs. The risk can also exist even when content is written by a human, as internal and third-party sources may also have inaccuracies for the same or different reasons. While we randomly audit a proportion of content, this is not exhaustive.

We recommend that an independent auditor be hired to verify the accuracy of the information before relying on it for any sensitive decisions. By accessing this platform, you agree not to rely solely on any information generated by AI, aggregated, or sourced or written otherwise on this site, for investment, financial, or other decisions. aVenture assumes no responsibility for inaccuracies, omissions, or hallucinations. You must independently verify all data from primary sources. Use of this platform constitutes your waiver of claims for reliance-based damages, including negligent misrepresentation. To report an error, request a correction, or dispute information about a company or individual, contact us via our request data updates form.

Loading homepage
Loading
Loading
Home›
Research›
Investment Firms›
Morningstar Ventures
AddedFeb 15, 2024
UpdatedJun 28, 2026
Morningstar Ventures

Morningstar Ventures

Operating

Morningstar Ventures: A Dubai-based proprietary investment firm, specializing in blockchain and digital assets, with a focus on the Elrond ecosystem.

Location
Dubai, Emirate of Dubai, AE
Founded
2020
Firm
Compare
Portfolio
Employees
Website

Morningstar Ventures is a Dubai-based proprietary investment firm that specializes in blockchain and digital assets, with a particular focus on the Elrond ecosystem. The firm primarily invests in early-stage companies, engaging in both token and equity investments. Morningstar Ventures typically participates in Seed, Series A, and other early funding rounds, supporting ambitious founders in the blockchain space.

Led by Chief Investment Officer Danilo S. Carlucci, Morningstar Ventures boasts a global team with expertise in technology, marketing, growth strategy, and design. Notable portfolio companies include Ancient8, Benqi Finance, Breederdao, and Ethernal Labs. The firm also launched the Elrond Dubai Incubator to support projects utilizing Elrond technology. Their investment philosophy emphasizes not just financial backing but also strategic support to help startups scale effectively.

Morningstar Ventures - Portfolio Snapshot

Portfolio activity breakdown across disclosed investments and stages

Total Investments21
Current Portfolio Count21
Total Portfolio Exits0

Top Investment Stages

Seed12 (60.0%)
Series Unknown4 (20.0%)
Series A2 (10.0%)
Initial Coin Offering1 (5.0%)
Pre-Seed1 (5.0%)

Stage Mix

Seed 60%Series Unknown 20%Series A 10%Initial Coin Offering 5%Pre-Seed 5%

Concentration shown as share of disclosed investments by stage.

Recent Investments

Avalon logo

Avalon

yoloyolo logo

yoloyolo

Renft logo

Renft

Ancient8 logo

Ancient8

The Unfettered logo

The Unfettered

Skynet Egld Capital logo

Skynet Egld Capital

Dank Bank logo

Dank Bank

Metaverse Game Studios logo

Metaverse Game Studios

Ethernal Labs logo

Ethernal Labs

Rift Finance logo

Rift Finance

Breederdao logo

Breederdao

Unxd logo

Unxd

Exotic Markets logo

Exotic Markets

Axelar logo

Axelar

YGG SEA logo

YGG SEA

OPgames logo

OPgames

Taker Protocol logo

Taker Protocol

Sator logo

Sator

Nftify logo

Nftify

Naos Finance logo

Naos Finance

Benqi Finance logo

Benqi Finance

Morningstar Ventures - Similar Investment Firms

very early Ventures logo

very early Ventures

veryearly.xyz

NxGen.xyz logo

NxGen.xyz

nxgen.xyz

Purple Ventures logo

Purple Ventures

IconPlus Capital logo

IconPlus Capital

icon-plus.org

Blockchain Ventures logo

Blockchain Ventures

MyVentures logo

MyVentures

myventures.kz

Moon Capital logo

Moon Capital

Athena Ventures logo

Athena Ventures

Longterm Ventures logo

Longterm Ventures

Byld Ventures logo

Byld Ventures

byldventures.com

NewTribe Capital logo

NewTribe Capital

newtribe.capital

Dominance Ventures logo

Dominance Ventures

TestNet Ventures logo

TestNet Ventures

testnet.ventures

Paribu Ventures logo

Paribu Ventures

paribu.com

Ethereal Ventures logo

Ethereal Ventures

Morningstar Ventures - Classification

NAICS
  • 520000Finance and Insurance
  • 523000Securities, Commodity Contracts, and Other Financial Investments and Related Activities
  • 523900Other Financial Investment Activities
  • 523990All Other Financial Investment Activities
  • 523999Miscellaneous Financial Investment Activities
SIC
  • 6700Holding And Other Investment Offices
  • 6720Investment Offices
  • 6722Management Investment Offices, Open-end
Show 6 more industry codes
NAICS
  • 525000Funds, Trusts, and Other Financial Vehicles
  • 523910Miscellaneous Intermediation
  • 523940Portfolio Management and Investment Advice
SIC
  • 6000Depository Institutions
  • 6790Miscellaneous Investing
  • 6799Investors, Not Elsewhere Classified