United States · 
What does Morningstar invest in?
Morningstar invests most often at Series A and Series B (70% of the rounds on record), in sectors such as Social, Telco and Impact.
Morningstar highlights
- 01
12 rounds on record
- 02
Mostly Series A and Series B: 70% of its rounds
- 03
Sole investor in 1 rounds, median $3.8M
- 04
3 exits from the portfolio
What they do
- Type
- Private equity (from a list, unverified)
- Cheque size
- Not stated
- Stages
- Pre-seedSeedSeries ASeries BGrowth
- Sectors
- SocialTelcoImpact
- Based in
- Chicago, United States
- Cold pitches
- Not stated
The record
Every round we can evidence, newest first12 appearances
- 2025
1 round
- Oct
- 2017
1 round
- Sept
- 2015
2 rounds
- Sept
- May
- 2013
2 rounds
- May
- May
- 2012
1 round
- Jan
- 2011
2 rounds
- Nov
- Nov
- 2009
2 rounds
- Sept
- Jun
- 2001
1 round
- Nov
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
The team
Named by the firm itself, on a filing, its Form ADV or its company registration4 named
BABrock Allan JohnsonCo-President, Morningstar RetirementiForm ADV
DEDaniel Edward NeedhamCo-President, Morningstar WealthiForm ADV
DKDaniel KempChief Research and Investment OfficeriForm ADV
SFSara Frances Kasun-FretzChief Compliance Officer & SecretaryiForm ADV
We also hold 29 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.
What the register says
From the firm's own filings with the SEC, which it must file accurately by law
- Legal name
- Morningstar Investment Management LLC
- SEC number
- CRD 108031
Exits from the portfolio
Companies it backed that were later bought or listed3 in all
HelloWalletBought by Morningstar$5.3MMay 2014
BundleBought by Capital OneUndisclosedNov 2012
Gomez, Inc.Bought by Compuware$295MOct 2009
An exit counts when it came after the firm's first round in the company. From historical deal records.
Companies it bought
Acquisitions by the firm itself
Total Rebalance ExpertUndisclosedOct 2015
HelloWallet$5.3MMay 2014
ByAllAccounts$28MApr 2014
Morningstar Danmark$15MJul 2010
FootnotedUndisclosedFeb 2010
Logical Information Machines$52MDec 2009
Tenfore Systems$21MDec 2008
10K WizardUndisclosedDec 2008
Fundamental Data Limited$19MOct 2008
Financial Computer Support$4.9MAug 2008
mPower.comUndisclosedMay 2003