Morningstar Ventures acquires portfolio tracker Coin.fyi
“Morningstar Ventures is an investment firm focused on digital assets and blockchain technology, investing primarily in early-stage token and equity rounds.”
We are glad to announce our strategic acquisition of portfolio-tracking app Coin.fyi.
Coin.fyi is a user-friendly portfolio-tracker and news-aggregator launched by a team of remote developers based in Eastern Europe and the Bay Area in 2017. With its simple UI and clear product positioning the application witnessed significant exposure throughout 2017–2018 with pure organic growth and zero marketing. Up to this day over 200’000 portfolios have been created through the application.
Despite the fact that the founders of the project decided to switch priorities over the last few years, in order to focus on other endeavours, to this day Coin.fyi still attracts over 30’000 unique visitors per month.
At Morningstar Ventures a number of our team have been users of the Coin.fyi platform for several years, and when we heard that the Coin.fyi team was looking for a new home we made sure we would get to work and convince the team to let us acquire their platform, and grow it substantially.
“You don’t find products like Coin.fyi every day; the team built an easy-to-use tool that users enjoy and return to use on a regular basis and that in itself is already a great achievement. With Morningstar Ventures’ acquisition of Coin.fyi, our endeavour is to turn the platform into more than just a portfolio tracker. The product perfectly fits into the ecosystem of products that we already own, as well those that we will be unveiling soon, so this is a really strategic acquisition for us” says Danilo S. Carlucci (Co-Founder and CIO at Morningstar Ventures).
“I have been looking for the right company to handover Coin.fyi to for a while as it’s not easy to find people who are genuinely interested to continue what you started in the way you always imagined. I am very excited for our product to join the Morningstar Ventures’ ecosystem — our users are in safe hands!” said the core developer at Coin.fyi.
About Morningstar Ventures
Morningstar Ventures is an investment firm backing ambitious ideas by early-stage founders. Based in Dubai, Morningstar Ventures focuses primarily on the blockchain and digital assets space and is led by Chief Investment Officer Danilo S. Carlucci. The firm is active in both token investments and equity investments and has a particularly strong focus on the Elrond ecosystem.
Coin.fyi is a lightweight portfolio-tracker that combines great usability with beautiful design. It provides a brilliant user experience by presenting key metrics, news and altcoin stats in a very simple fashion while enabling the creation of multiple portfolios and watchlists.