Morgan Creek

Morgan Creek Capital Management is a venture capital firm and SEC-registered investment adviser based in Chapel Hill, North Carolina, founded in 2004. The firm specializes in investment management services for institutional clients and wealthy families, utilizing a strategy inspired by the University Endowment Model. Morgan Creek offers customized investment solutions, including asset allocation, manager selection, and portfolio construction. The team, led by founder Mark W. Yusko, has extensive experience managing complex endowment programs and works closely with clients to develop tailored investment policies and strategies. Additionally, Morgan Creek Digital Assets, a subsidiary established in 2018, focuses on investments in blockchain technology and digital assets, expanding the firm's portfolio into emerging financial technologies.

Chris Arnold

Managing Director

Darpan Biswas

Vice President

Michael Fair

Associate

Laura Fisher

Treasury Director

Timothy Gardner

Managing Director

Michael Hennessy

Managing Director

Sachin Jaitly

General Partner

Nicholas Lee

Managing Director & Head, Asian Investments

Tina Li

vice_president

Xavier Segura

General Partner

Rainey Sellars

Managing Director

Frank Tanner

Director (Private Assets)

Nick Taylor

Chief Financial Officer

Josh Tilley

Managing Director

Mark Vannoy

Chief Financial Officer, Funds

Ping Wang

MD, Private Assets

Mandy Yang

Associate, Private Assets

Mark W. Yusko

Co-Founder, Chief Executive Officer & Chief Investment Officer

25 past transactions

Chain Reaction

Series C in 2023
Chain Reaction is engineering the future of disruptive blockchain and privacy technologies. They accelerate compute performance, enabling companies to adopt and scale solutions to the world’s most complex problems. EL3CTRUM is their Blockchain product line, starting with the most efficient hashing ASIC on the market, optimized for high-performance, high efficiency, and low-power, and is the heart of their hashboards and systems. EL3CTRUM delivers optimal payback time. 3PU™ is their Privacy product, dramatically accelerating real-time operations of Privacy Enhancing Technologies on encrypted data, transforming the cloud into a trusted environment, and enabling new verticals to adopt the cloud at scale, including financial institutions, healthcare & big pharma, defense & government, oil & gas, and more. Purpose-built and custom-designed, their solutions power the next generation of secure, scalable, green computing to help protect people, privacy, and the planet.

BlockApps

Series B in 2022
BlockApps, Inc. is a blockchain technology company based in Brooklyn, New York, founded in 2015. The company specializes in providing a blockchain platform known as BlockApps STRATO, which is designed for the development, deployment, and management of Ethereum-based applications. BlockApps STRATO supports the creation of enterprise-grade blockchain solutions, allowing for the construction of hybrid private, consortium, and public blockchains. Its services cater to a diverse clientele, including software startups, IT and professional services firms, industry-owned businesses, and large corporations. The company aims to facilitate the adoption of blockchain technology across various sectors through its innovative offerings.

Lyre's

Series A in 2021
Lyre's specializes in crafting a premium selection of non-alcoholic spirits designed to replicate the taste and experience of traditional alcoholic beverages. Founded from a desire to create high-quality alternatives for individuals who prefer not to consume alcohol, Lyre's offers a range of vegan-friendly products that maintain the essence of classic spirits. This allows consumers to enjoy social gatherings and celebrations without the effects of alcohol, promoting a clear-headed and enjoyable experience. With a commitment to excellence, Lyre's aims to provide the finest non-alcoholic spirit options available, catering to those seeking both flavor and a mindful lifestyle.

Humacyte

Post in 2021
Humacyte, Inc. is a medical research and development company headquartered in Morrisville, North Carolina, established in 2004. The company specializes in creating human tissue-based products aimed at regenerative medicine and vascular surgery. Its core technology involves the design of acellular extracellular matrices derived from banked vascular smooth muscle cells, which are decellularized to minimize the risk of rejection. These innovations are utilized to produce tissue-engineered grafts for patients requiring vascular repair or replacement, positioning Humacyte as a key player in addressing vascular diseases and enhancing surgical outcomes.

Lyre's

Seed Round in 2021
Lyre's specializes in crafting a premium selection of non-alcoholic spirits designed to replicate the taste and experience of traditional alcoholic beverages. Founded from a desire to create high-quality alternatives for individuals who prefer not to consume alcohol, Lyre's offers a range of vegan-friendly products that maintain the essence of classic spirits. This allows consumers to enjoy social gatherings and celebrations without the effects of alcohol, promoting a clear-headed and enjoyable experience. With a commitment to excellence, Lyre's aims to provide the finest non-alcoholic spirit options available, catering to those seeking both flavor and a mindful lifestyle.

Lyre's

Seed Round in 2021
Lyre's specializes in crafting a premium selection of non-alcoholic spirits designed to replicate the taste and experience of traditional alcoholic beverages. Founded from a desire to create high-quality alternatives for individuals who prefer not to consume alcohol, Lyre's offers a range of vegan-friendly products that maintain the essence of classic spirits. This allows consumers to enjoy social gatherings and celebrations without the effects of alcohol, promoting a clear-headed and enjoyable experience. With a commitment to excellence, Lyre's aims to provide the finest non-alcoholic spirit options available, catering to those seeking both flavor and a mindful lifestyle.

Percent

Series A in 2021
Percent is a fintech company that operates an ethereum-powered marketplace for commercial debt, focusing on private credit securitization. Established in 2018 and based in New York, Percent has developed a platform designed to streamline the securitization process for specialty finance originators at various stages of their growth. The platform facilitates investment discovery, investment execution, monitoring, and redemption of returns, catering to both institutional and retail investors. By integrating seamlessly into existing workflows, Percent provides users with access to innovative securitized products, enhancing their investment opportunities in the commercial debt market.

Evertas

Seed Round in 2020
Evertas is a cryptoasset insurance company. Evertas focuses on covering institutional holders of cryptoassets including exchanges, custodians, traditional financial institutions, funds, family offices, and ultra-high net worth individuals.

2ULaundry

Series A in 2019
2ULaundry, Inc. provides garment care services primarily in Charlotte, North Carolina. The company’s services include wash and fold, dry cleaning, launder and press, hang dry, repairs, leather cleaning, shoe shining, shoe repair, and alterations. It offers pickup and delivery right from the customer’s door or preferred pickup location. The company was founded in 2015 and is based in Charlotte, North Carolina.

Digital Assets Data

Seed Round in 2019
Digital Assets Data Inc., a fintech and data company, develops enterprise-grade software and data feeds for crypto hedge funds and other market participants. It provides data and information technology software and solutions for cryptoassets, including currencies, platforms, applications, side chains, security tokens, and initial coin offers (ICOs) through subscription services to hedge funds and other institutional investors. The company was founded in 2018 and is based in Denver, Colorado.

Ikigai Asset Management

Corporate Round in 2019
Ikigai Asset Management is a long/short multistrat hedge fund investing in crypto assets. they seek to generate superior risk-adjusted returns through the execution of venture stage pre-ICO investments and both systematic and fundamental liquid hedge fund strategies.

Figure

Series B in 2019
Figure Technologies, Inc. is a fintech company based in San Francisco, California, established in 2018. It specializes in providing consumer financial solutions focused on home improvement, debt consolidation, and retirement planning. Figure offers a range of products, including home equity lines of credit, home improvement loans, home buy-lease back offerings, and mortgage refinancing. The company utilizes blockchain technology, along with artificial intelligence and advanced analytics, to enhance its services and enable customers to access capital quickly, often in as few as five days. Additionally, Figure provides Provenance, a blockchain platform designed for business applications.

RealBlocks

Seed Round in 2019
RealBlocks is a technology platform that connects advisors and investors to the best alternative investment managers. Today many real estate and alternative investment managers are limited to raising capital locally. However with RealBlocks, these managers can now raise capital globally through institutional and intermediary channels. RealBlocks also offers a secondary trading mechanism for enhanced liquidity options.

blockfi

Convertible Note in 2018
BlockFi, Inc. is a financial services company that specializes in cryptocurrency wealth management. Founded in 2017 and based in Jersey City, New Jersey, BlockFi offers a range of products designed for crypto investors. Its flagship offering is the BlockFi Interest Account, which allows users to earn interest on their Bitcoin, Ether, and Gemini Dollar holdings. The company also provides secured loans to clients who collateralize their loans with cryptocurrency, facilitating liquidity for both individuals and institutions. Additionally, BlockFi operates a trading platform that enables the exchange of various cryptocurrency pairs and offers customizable lending solutions. With a focus on enhancing financial accessibility and transparency in the digital asset space, BlockFi aims to meet the evolving needs of its clients while ensuring secure management of their crypto assets through a registered custodian.

CityBlock Capital

Seed Round in 2018
CityBlock Capital is a venture capital firm based in the United States that focuses on investing in early-stage and late-stage companies, particularly those that are modernizing financial systems through blockchain technology. The firm strategically avoids cryptocurrencies and utility tokens, instead targeting investments in areas such as blockchain-based capital markets infrastructure. It emphasizes companies that facilitate instant trade settlements, eliminate intermediaries, and reduce fraud. CityBlock Capital prefers to allocate 90 percent of its capital to early-stage firms, with the remaining portion directed toward late-stage companies. Its team comprises investment and technology professionals with extensive experience from notable firms, providing them with unique insights into blockchain infrastructure investment opportunities.

Figure

Series A in 2018
Figure Technologies, Inc. is a fintech company based in San Francisco, California, established in 2018. It specializes in providing consumer financial solutions focused on home improvement, debt consolidation, and retirement planning. Figure offers a range of products, including home equity lines of credit, home improvement loans, home buy-lease back offerings, and mortgage refinancing. The company utilizes blockchain technology, along with artificial intelligence and advanced analytics, to enhance its services and enable customers to access capital quickly, often in as few as five days. Additionally, Figure provides Provenance, a blockchain platform designed for business applications.

Illumitex

Series C in 2015
Illumitex Inc. is a manufacturer based in Austin, Texas, specializing in precision LEDs and LED lighting fixtures. Founded in 2005, the company produces a range of lighting products for horticultural, industrial, and architectural applications. Its offerings include grow lights designed for large growers, vertical farms, and greenhouses, as well as lighting solutions for warehouses, offices, cold storage facilities, and food processing plants. Illumitex's innovative designs focus on enhancing functionality through advanced optics technology, delivering uniform and precise light beams. Their products cater to various settings, including indoor gardening, plant research, and commercial landscapes. Illumitex distributes its lighting solutions through retailers and distributors across the United States.

TabbedOut

Series C in 2015
TabbedOut puts you in control of your tab at bars and restaurants. Say goodbye to end-of-night bar lines, and flagging down your server when you’re ready to settle the bill. Never leave your card at the bar again! TabbedOut is easier and more secure than handing over your credit card to a stranger. Open a tab, view the running total, and pay for it instantly (and securely) all from your phone. You can even split your tab among friends, post to Facebook or Twitter to let your friends know where you’re dining, send a positive or negative review of your experience, and get offers sent from your favorite venue straight to your phone. TabbedOut takes the hassle out of dining out for good. We are adding new locations every day, so check in often on the locations screen. Don’t see your favorite bar or restaurant on the list? Let us know! Tweet at or Facebook us at @tabbedout. For merchants: TabbedOut is the premier marketing and analytics platform built exclusively for the hospitality industry and powered by mobile payments. We allow our merchants real time insight into their customers through our proprietary software system that tracks spending habits, product preferences, customer feedback and loyalty rewards. Best of all, TabbedOut allows you, the merchant, to accept mobile payments integrated into your POS system. Finally, POS systems and mobile payments meet customer marketing and rewards in real time. That’s the power of TabbedOut! Free to download and no hidden fees.

Illumitex

Debt Financing in 2014
Illumitex Inc. is a manufacturer based in Austin, Texas, specializing in precision LEDs and LED lighting fixtures. Founded in 2005, the company produces a range of lighting products for horticultural, industrial, and architectural applications. Its offerings include grow lights designed for large growers, vertical farms, and greenhouses, as well as lighting solutions for warehouses, offices, cold storage facilities, and food processing plants. Illumitex's innovative designs focus on enhancing functionality through advanced optics technology, delivering uniform and precise light beams. Their products cater to various settings, including indoor gardening, plant research, and commercial landscapes. Illumitex distributes its lighting solutions through retailers and distributors across the United States.

Beyond Meat

Series D in 2014
Beyond Meat, Inc. is a food company that manufactures and sells plant-based meat products both in the United States and internationally. Founded in 2009 and headquartered in El Segundo, California, Beyond Meat operates under various trademarks, including Beyond Burger and Beyond Sausage. The company distributes its products through multiple channels, including grocery stores, restaurants, and schools. Beyond Meat aims to address global concerns related to human health, climate change, resource constraints, and animal welfare. Its plant-based products are crafted using non-GMO ingredients and offer comparable or superior protein levels to traditional meat while being free from cholesterol, antibiotics, and hormones.

Intacct

Series G in 2014
Sage Intacct, Inc. is a cloud accounting software company that specializes in providing financial management solutions tailored for financial professionals. Its comprehensive platform includes applications for general ledger accounting, accounts payable, order management, accounts receivable, cash management, and financial reporting, among other functionalities. The company also supports a range of services such as contract and subscription billing, inventory management, project accounting, and vendor payment solutions. Sage Intacct serves a diverse clientele across various sectors, including accounting firms, healthcare, nonprofits, and wholesale distribution, primarily in the North American market. Established in 1999 and headquartered in San Jose, California, the company has expanded internationally with locations in India and Romania. Sage Intacct, formerly known as Intacct Corporation, operates as a subsidiary of The Sage Group plc and is recognized as a preferred provider by the AICPA, garnering high customer satisfaction ratings and multiple awards for its leadership and workplace culture.

TabbedOut

Series B in 2013
TabbedOut puts you in control of your tab at bars and restaurants. Say goodbye to end-of-night bar lines, and flagging down your server when you’re ready to settle the bill. Never leave your card at the bar again! TabbedOut is easier and more secure than handing over your credit card to a stranger. Open a tab, view the running total, and pay for it instantly (and securely) all from your phone. You can even split your tab among friends, post to Facebook or Twitter to let your friends know where you’re dining, send a positive or negative review of your experience, and get offers sent from your favorite venue straight to your phone. TabbedOut takes the hassle out of dining out for good. We are adding new locations every day, so check in often on the locations screen. Don’t see your favorite bar or restaurant on the list? Let us know! Tweet at or Facebook us at @tabbedout. For merchants: TabbedOut is the premier marketing and analytics platform built exclusively for the hospitality industry and powered by mobile payments. We allow our merchants real time insight into their customers through our proprietary software system that tracks spending habits, product preferences, customer feedback and loyalty rewards. Best of all, TabbedOut allows you, the merchant, to accept mobile payments integrated into your POS system. Finally, POS systems and mobile payments meet customer marketing and rewards in real time. That’s the power of TabbedOut! Free to download and no hidden fees.

Illumitex

Venture Round in 2012
Illumitex Inc. is a manufacturer based in Austin, Texas, specializing in precision LEDs and LED lighting fixtures. Founded in 2005, the company produces a range of lighting products for horticultural, industrial, and architectural applications. Its offerings include grow lights designed for large growers, vertical farms, and greenhouses, as well as lighting solutions for warehouses, offices, cold storage facilities, and food processing plants. Illumitex's innovative designs focus on enhancing functionality through advanced optics technology, delivering uniform and precise light beams. Their products cater to various settings, including indoor gardening, plant research, and commercial landscapes. Illumitex distributes its lighting solutions through retailers and distributors across the United States.

Semprius

Series C in 2012
Semprius, Inc. is focused on the design, development, and manufacture of high concentration photovoltaic (HCPV) solar modules aimed at generating solar energy for utility, commercial, and government applications in sunny and arid regions globally. The company utilizes a proprietary micro-transfer printing technology that enhances the performance and reliability of its solar modules while ensuring low production costs and scalability for high-volume output. In addition to its solar offerings, Semprius licenses its micro-transfer printing technology for various non-solar applications, including flat-panel displays, flexible electronics, and large-area sensors, which require lightweight and thin form factors. Founded in 2005 and headquartered in Durham, North Carolina, Semprius aims to make solar power generation more economically viable and supports diverse technology applications through its innovative solutions.

BridgeWave Communications

Venture Round in 2012
BridgeWave Communications, Inc. specializes in the design, manufacture, and marketing of microwave and millimeter wave backhaul and fronthaul systems. The company offers a range of products, including the NAVIGATOR, a multi-gigabit all-outdoor licensed microwave radio system, and various millimeter wave systems such as Flex4G-10000, Flex4G-LITE, and Flex4G-1000, which provide high data throughput capabilities. These products serve as viable alternatives to fiber in applications like mobile backhaul, mobile fronthaul, broadband, WAN/LAN connectivity, disaster recovery, and video surveillance. BridgeWave's solutions are marketed globally through a network of authorized resellers, distributors, and system integrators, catering to operators, service providers, governments, and private enterprises. Founded in 1999 and headquartered in San Diego, California, the company operates as a subsidiary of REMEC Broadband Wireless Networks, LLC.
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