# Morningstar

> Morningstar is a VC fund in Chicago backing Financial Services and Finance. See 36 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Chicago, United States
- Total investments: 36
- Last investment: Aug 2025
- Lead investor: 31%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/company/morningstar
- X (Twitter): http://twitter.com/MorningStarInc
- Website: http://www.morningstar.com/
- Facebook: https://www.facebook.com/MorningstarInc/info/?tab=overview

Morningstar is a VC fund in Chicago focused on Financial Services and Finance. Morningstar provides independent investment research to investors worldwide.It offers internet, software, and print-based products for individuals, financial advisors, and institutions. It also supplies asset-management services to advisors, institutions, and retirement-plan participants.Morningstar was founded in 1984 and is headquarteredin Chicago, Illinois.

## Contacts

5 contacts available for Morningstar. Shizune tracks 10 team members at Morningstar. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/morningstar?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $2M–$5M |
| Series A | $3.8M–$35M |
| Series B | $3.3M–$53M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Financial Services | 11 | 31% |
| Finance | 9 | 25% |
| FinTech | 7 | 19% |
| Software | 3 | 8% |
| Analytics | 3 | 8% |

38 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 7 | 19% |
| Seed | 5 | 14% |
| Series A | 4 | 11% |
| Funding Round | 4 | 11% |
| Series C | 2 | 6% |

11 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 14 | 39% |
| India | 1 | 3% |
| Italy | 1 | 3% |
| Canada | 1 | 3% |
| Sweden | 1 | 3% |

7 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Bevin Desmond | Global Head of Talent & Culture, Quality and Transformation | 0 | https://shizune.co/investors/profile/bevin-desmond |
| Gail Landis | Board Member | 0 | https://shizune.co/investors/profile/gail-landis |
| James Tanner | Head of Global Business Development and Sales | 0 | https://shizune.co/investors/profile/james-tanner-2 |
| Krishnan Ramanathan | Head of Technology | 0 | https://shizune.co/investors/profile/krishnan-ramanathan |
| Kunal Kapoor | Chief Executive Officer | 2 | https://shizune.co/investors/profile/kunal-kapoor-2 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Apollo Hospitals Enterprise | Apollo Hospitals is widely recognized as the pioneer of private healthcare in India, and was the country’s first corporate hospital. The Apollo Hospitals Group, which started as a 150-bed hospital and today, operates 9200 beds across 64 hospitals. A forerunner in integrated healthcare, Apollo has a robust presence across the healthcare spectrum.The Group has emerged as the foremost integrated healthcare provider in Asia, with mature group companies that specialize in insurance, pharmacy, consultancy, clinics and many such key touch points of the ecosystem. The Apollo Group has touched the lives of over 45 million patients, from 121 countries. | $170.5M | Post-IPO Secondary | Aug 22, 2025 |  |
| Optix | Optix is ​​a multi-chain option protocol service provider. | $1.8M | Venture - Series Unknown | Jan 31, 2023 |  |
| Genesis Shards | Genesis Shards is transforming NFTs into a liquidity vehicle for Pre-IDO tokens and a whole new suite of DeFi products. | $2.7M | Seed | Nov 08, 2022 |  |
| TIFIN | TIFIN is a platform that conceives, creates, and operates fintech companies in the areas of wealth management, investments, and personal finance. Our operating companies are shaping the future of investor experience with intelligent products that recognize the uniqueness of each investor. We leverage the combined power of investment intelligence,data science, and technology to make investing a more powerful driver of financial wellbeing. | $109M | Series D | May 12, 2022 |  |
| SMArtX Advisory Solutions | SMArt Xchange is the first UMA/SMA platform providing advisors access to institutional quality managers offering traditional and alternative investment strategies, as well as individual securities, mutual funds, and ETFs, in a single brokerage account. These investment strategies include: | $30M | Series D | May 03, 2022 |  |
| SMArtX Advisory Solutions | SMArt Xchange is the first UMA/SMA platform providing advisors access to institutional quality managers offering traditional and alternative investment strategies, as well as individual securities, mutual funds, and ETFs, in a single brokerage account. These investment strategies include: | $30M | Series D | May 03, 2022 |  |
| Ellevest | Ellevest provides an engaging investing experience to help women meet their financial goals in life.Ellevest offers a modern, engaging user experience. The same care, thoughtfulness, and attention to detail that is reflected in its beautiful, easy-to-use interface are applied to the construction of its portfolios, its selection of investments,and the development of the algorithms that drive its forecasts and recommendations. | $53M | Series B | Apr 06, 2022 |  |
| Ellevest | Ellevest provides an engaging investing experience to help women meet their financial goals in life.Ellevest offers a modern, engaging user experience. The same care, thoughtfulness, and attention to detail that is reflected in its beautiful, easy-to-use interface are applied to the construction of its portfolios, its selection of investments,and the development of the algorithms that drive its forecasts and recommendations. | $53M | Series B | Apr 06, 2022 |  |
| Brewbike | Brewbike opens student-run coffee shops on college campuses to provide entrepreneurial experiences to the next generation of leaders. Brewbike enables motivated, engaged college students to manage real-world responsibilities and produce tangible results. Brewbike provides significant opportunities for students to develop hard skills that arerelevant to their resumes. | $3M | Convertible Note | Dec 20, 2021 |  |
| TIFIN | TIFIN is a platform that conceives, creates, and operates fintech companies in the areas of wealth management, investments, and personal finance. Our operating companies are shaping the future of investor experience with intelligent products that recognize the uniqueness of each investor. We leverage the combined power of investment intelligence,data science, and technology to make investing a more powerful driver of financial wellbeing. | $47M | Series C | Oct 28, 2021 |  |

10 of 36 investments shown.

## Co-investors
- [Astia Angels](https://shizune.co/investors/profile/astia-angels) — VC Fund, 6 deals together
- [Axia8 Ventures](https://shizune.co/investors/profile/axia8-ventures) — VC Fund, 4 deals together
- [Contour Venture Partners](https://shizune.co/investors/profile/contour-ventures) — VC Fund, 4 deals together
- [GBV Capital](https://shizune.co/investors/profile/genesis-block-ventures) — VC Fund, 4 deals together
- [J.P. Morgan Asset Management](https://shizune.co/investors/profile/j-p-morgan-asset-management) — VC Fund, 4 deals together
- [Moonwhale Ventures](https://shizune.co/investors/profile/moonwhale-ventures) — VC Fund, 4 deals together

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## FAQ

### What does Morningstar invest in?

Morningstar invests primarily in Financial Services, Finance and FinTech startups, most often at Series B and Seed stage. Most of the 36 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Morningstar's check size?

Morningstar typically joins rounds of $2M–$5M at Seed, $3.8M–$35M at Series A and $3.3M–$53M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Morningstar participates in.

### How do I contact Morningstar?

Public channels for Morningstar include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Morningstar?

The team at Morningstar includes Bevin Desmond (Global Head of Talent & Culture, Quality and Transformation), Gail Landis (Board Member) and James Tanner (Head of Global Business Development and Sales), among 10 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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