Morningstar Ventures, a venture capital firm founded in 2020 and based in Dubai, United Arab Emirates, focuses its investments on digital assets, blockchain, cryptocurrency, and gaming sectors. The firm primarily targets early-stage token and equity rounds, often at the seed stage, and has a strong focus on projects built within or amplifying the MultiversX ecosystem.
40% of their portfolio is in Fintech. Their most common stage is seed (40% of deals). Average disclosed round size is $20.9M (across 10 rounds with reported amounts).
Portfolio
10
Fund Size
—
Top Stage
Seed
Last 12 Mo
0
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
10 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Chillchat | Seed | $8.3M | Jun 2022 |
| TTIFIN | Series D | $109M | May 2022 |
 Metaverse Game Studios | Series A | $10M | Mar 2022 |
 BreederDAO | Series A | $10M | Jan 2022 |
 OP Games | Seed | $8.6M | Oct 2021 |
 BENQI | Seed | $6M | Apr 2021 |
 Ellevest | Series A | $34.6M | Sep 2017 |
 YCharts | Seed | $3.5M | Nov 2011 |
| YCharts | Unknown | $14.5M | — |
| UUltiverse | Strategic | $4M | — |
Top Co-Investors
Mechanism Capital4 shared
Animoca Brands3 shared
Spartan Group2 shared
Solana2 shared
Ascensive Assets2 shared
FTX1 shared
Crypto.com1 shared
Griffin Gaming Partners1 shared
Hyde Park Angels1 shared
Dragonfly1 shared
Arrington XRP1 shared
TRGC1 shared
Ava Labs1 shared
Republic Crypto1 shared
SevenX Ventures1 shared
Franklin Templeton1 shared
Motive Partners1 shared
Hamilton Lane1 shared
J.P. Morgan1 shared
Pantera1 shared
Last updated: 16 April 2026