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April 28, 2021


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We are pleased to announce that Morningstar Ventures recently concluded an early-stage investment in Moralis!

Morningstar Ventures Officially Invests in Moralis

We at Moralis are delighted to reveal that Morningstar Ventures has performed an early-stage investment into Moralis. Morningstar Ventures’ investment in Moralis comes as the 2021 Moralis Hackathon is already gearing up. If you haven’t already, make sure to join hundreds of other developers in competing for a total prize pool of $50,000 in the 2021 Moralis Hackathon!

For those unfamiliar, Morningstar Ventures is a Dubai-based venture capital fund that has previously been involved with a number of early-stage blockchain and DeFi projects. Just to name a few, Morningstar Ventures has previously been involved with projects such as Polkastarter, Ethernity, XDEFI, Polkamon, Exeedme, and Elrond.

Moralis is now another promising project to add to this list, with its unique goal to make building Web3 apps or dApps dramatically easier. This is something that’s recognized by Danilo S. Carlucci, who had this to say about the investment announcement and Moralis:

“Today’s challenges for blockchain developers are pretty clear: developers are faced with grueling setup and integrations processes of dApp infrastructure, and clearly lack Web2 and Web3 toolsets that facilitate their work.”

Why is Morningstar Ventures Investing in Moralis?

We at Moralis are thrilled over the investment from Morningstar Ventures and Danilo’s team. Danilo S. Carlucci is the Chief Investment Officer (CIO) at Morningstar Ventures. What’s more, he’s got broad experience working with both marketing and blockchain investment, and he has a background as a serial entrepreneur. In addition to this, Carlucci also worked at Google as the Head of Community for YouTube. Danilo notes how it was immediately evident to Morningstar Ventures that Moralis was solving a real issue for Web3 developers and filling an empty space in the market:

”Seeing Moralis solve many of these key pain points for the builders of our industry is very exciting and caught our eye at Morningstar Ventures. When the team at Moralis presented us their first demo, we were immediately struck by the opportunity of supporting the project.”

Nevertheless, this was not the only reason why Morningstar Ventures chose to invest in Moralis. It was clear to Danilo and Morningstar Ventures that the experience that’s behind the Moralis team was something special. In addition to adding real value to the wider dApp ecosystem, the team itself is proven from its experience setting up Ivan on Tech Academy. 

”We were thrilled that Morningstar Ventures understood our vision and what we were trying to do right away,” said Ivan on Tech, the Founder of Moralis. ”Taking in an early-stage investment from them was a no-brainer when our joint vision lined up so perfectly.”

”Moralis is a big value add for the ecosystem, and coupled with Ivan and his team’s proven execution, we couldn’t be more proud to be the first investors in Moralis and support the team as much as we can going forward,” added Danilo.

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