Morpheus Ventures

What Morpheus Ventures does

Morpheus Ventures is a Los Angeles-based early-stage venture capital firm founded in 2016, focused on disruptive technology companies across sectors including real estate technology, safety software, insurance, fintech, quantum computing, AI, space technology, and enterprise software. The firm manages Fund II, an oversubscribed $200 million fund closed in February 2022, and invests from seed through Series C+ via direct equity rounds, often co-investing with syndicates such as National Grid Partners, Valar Ventures, Cathay Innovations, GP Bullhound, and Alpha Edison. Notable portfolio companies include SafetyCulture (unicorn, $800M+ valuation), HouseCanary, Sidecar Health, Bestow, Starship Technologies, Rigetti Computing, Nu Quantum, Q-CTRL, and Morpheus Space, with the firm's geographic footprint spanning the US, UK, Europe, Australia, and Mexico.

The firm operates through a small team of Managing Directors and Partners, including Joseph Miller (Founding Partner), Mark Dyne (Founding Partner & Chairman), Ray Musci (Managing Director), and principals Damien Petty, Brad Welch, and Howard Ko. Morpheus differentiates through deep operational expertise, founder networks, and a thesis-driven approach to deep-tech and frontier categories such as quantum computing and nuclear energy. The business model follows standard VC economics: recurring management fees (typically ~2% of committed capital) on Fund II, plus performance-based carried interest (typically ~20%) on exits. Portfolio liquidity events to date include Bridg's $350 million acquisition by Cardlytics and Rize Money's acquisition by Fifth Third. The firm is legally structured as Morpheus Advisors, LLC, headquartered at 15260 Ventura Blvd, Sherman Oaks, CA.

Distribution and deal sourcing rely on direct founder relationships, industry events, co-investor referrals, a monthly newsletter, and content marketing on technology trends. The portfolio jobs board (117 active roles) functions as an ecosystem support layer for portfolio companies. Source data indicates the firm is actively investing, with recent deployments into Nu Quantum (Dec 2025), Morpheus Space (Feb 2026), and Applied Atomics (Mar 2026).

Name

Morpheus Ventures

Legal name

Morpheus Advisors, LLC

Website

https://morpheus.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Morpheus Ventures is a Los Angeles-based early-stage venture capital firm founded in 2016 that manages a $200M oversubscribed Fund II and invests across sectors including quantum computing, AI, fintech, insurtech, space technology, and enterprise software, serving technology founders and institutional limited partners globally.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Portfolio Management and Investment Advice (52394), All Other Financial Investment Activities (52399), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Venture Studios / Company Builders (FSANAAAH)

Keywords

• Venture capital
• Early stage investing
• Technology investments
• Seed funding
• Growth equity

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Management Fees: VC firms typically charge 2% management fees on committed capital under management
2. Carried Interest: Performance-based carry (typically 20%) on profits from successful portfolio exits, representing the primary revenue upside for VC firms

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Morpheus Ventures is a venture capital firm that invests in early-stage technology companies, deploying institutional capital into technology startups alongside providing operational support and network access. The firm structures its activity through venture capital funds, with Fund II representing an oversubscribed fund vehicle for its investment activities.

Product overview

Morpheus Ventures is a Los Angeles-based venture capital firm operating as a single unified investment platform. The firm manages Fund II ($200 million) and deploys capital across early and growth-stage technology companies. The portfolio includes portfolio companies such as HouseCanary (real estate analytics), SafetyCulture (safety inspection platform with iAuditor), Sidecar Health (health insurance), Bestow (life insurance), Starship Technologies (delivery robots), Rigetti Computing (quantum computing), Nu Quantum (quantum networking), Q-CTRL (quantum infrastructure software), Fresco (smart kitchen platform), Salt AI (AI orchestration), and others spanning fintech, insurtech, quantum computing, and AI sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Morpheus Ventures Fund II

Quantifiable outcome

• SafetyCulture achieved unicorn status with $800M+ valuation
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• MaC Venture Capital: LA-based early-stage VC investing in tech and tech-enabled startups with similar check sizes and stage focus to Morpheus. Both firms share a Los Angeles base and pursue diversified early-stage tech theses across multiple verticals.
• Wavemaker Partners: LA and global early-stage venture capital firm investing in enterprise and deep tech startups. Directly comparable on stage focus, cross-border sourcing, and exposure to enterprise software and emerging tech categories.
• Streamlined Ventures: LA-based early-stage VC investing in seed and Series A technology companies. Similar AUM range, geographic base, and hands-on approach to portfolio company building, with comparable check sizes.
• Susa Ventures: Early-stage VC firm investing in technology startups with operator-led approach. Comparable stage focus, check size, and value-add orientation, with overlap in fintech and enterprise software themes.
• Fika Ventures: LA-based early-stage VC investing in consumer and enterprise technology startups. Comparable fund size, geographic focus, and stage, with similar hands-on operational support for portfolio companies.
• Crosscut Ventures: LA-based early-stage venture capital firm focused on technology and consumer companies. Directly comparable on geography, fund size, and stage focus with overlapping sector coverage including consumer and enterprise tech.
• Act One Ventures: Early-stage VC firm investing in B2B software and tech-enabled services. Comparable stage focus and check size with overlap in enterprise SaaS and emerging technology categories similar to Morpheus's portfolio.

Broad incumbents

• Founders Fund: Established US venture capital firm with deep tech and frontier technology focus including significant exposure to quantum computing (Rigetti), space, and AI. Operates at much larger AUM but overlaps directly with Morpheus's investment categories.
• Sequoia Capital: Premier global venture capital firm operating at significantly larger AUM. Competes for the same tier-one founders and often co-invests in rounds where Morpheus participates (e.g., Bestow, Sidecar Health), making it a direct competitor at the lead-investor level.
• Andreessen Horowitz: Mega-fund VC with extensive portfolio across crypto, AI, fintech, enterprise, and consumer. Operates at substantially larger scale than Morpheus but invests in many of the same categories and competes for the same founders.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/morpheus-ventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments58 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Morpheus Ventures