Venture Capital

Updated:

Morningstar Ventures

Morningstar Ventures is a proprietary investment firm specializing in digital assets and blockchain technology. The team is global but primarily based in...

Morningstar Ventures logo

Morningstar Ventures

Morningstar Ventures is a proprietary investment firm specializing in digital assets and blockchain technology. The team is global but primarily based in Dubai. They are not only investors but also builders and have established several subsidiary projects, including Web3 space & HQ 37xDubai, consulting firm MSV Studio, software platform Atlas Technologies, and guild MSV GG.

General information

Firm type

Venture Capital

Year founded

1999

Location

Region

Middle East

Country

United Arab Emirates

City

Dubai

Corporate office

Dubai, United Arab Emirates

Principals

Danilo S. Carlucci

Founder & CEO

Altss tracks 1 additional named team member for this firm — including direct investment leads, IR, and operating principals not listed on the public website.

Book a demo

Sector focus

Web3BlockchainDigital Assets

Frequently asked questions

How does Morningstar Ventures source its deals?

Morningstar Ventures leans heavily on its position as a builder within Web3, using its subsidiary projects and its venue 37xDubai as a physical hub for founders and investors. The firm's regular event series at 37xDubai in the DIFC creates a proprietary funnel for meeting early-stage teams. This community-centric approach, combined with the team's deep industry ties, generates a direct pipeline that bypasses traditional auction processes.

Is Morningstar Ventures a traditional venture fund?

No, the firm operates as a proprietary investment vehicle — it deploys its own capital rather than managing third-party commitments. It does not have limited partners, which allows for flexible hold periods and concentrated bets without fund-lifecycle constraints. The firm also builds and operates its own projects, a departure from the passive investment model of most venture firms.

What does Morningstar Ventures do beyond direct investing?

The firm incubates and runs several operating subsidiaries. These include MSV Studio, a consulting firm for Web3 projects; MSV GG, a gaming guild; and Atlas Technologies, a software platform. It also owns and operates 37xDubai, a combination art gallery and event space, alongside a dedicated digital art collection and an educational initiative called Morningstar Ventures Academy.

What is the relationship between Morningstar Ventures and MultiversX?

Morningstar Ventures holds a disclosed strategic position in MultiversX, the layer-1 blockchain network. The relationship predates the network's rebranding from Elrond, and MultiversX CEO Beniamin Mincu is noted as a long-term strategic partner of the firm. This investment represents a core, high-conviction bet within the firm's digital-asset portfolio.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

Need institutional-grade insight on venture capital firms?

Altss delivers:

Principals with verified direct contactsAllocation history by asset classOSINT-derived deal signals
Book a demo

Prefer a guided tour?

We’ll walk you through:

Interactive funding timelinesCustom mandate & allocation filters
Book a demo

Browse by category

More Dubai Venture Capital profiles