Venture capital firm
Morgan Stanley portfolio
morganstanley.comMorgan Stanley is a venture capital firm based in New York, United States, founded in 1935. It has invested in 120 venture-backed companies across 140 funding rounds on VCMC, and led 41 of those rounds. 18 of them were in the last 12 months.
120
Venture-backed companies
in its portfolio on VCMC
140
Funding rounds
led 41
18
Last 12 months
rounds, Oct 2025 to Sep 2026
47
With a disclosed valuation
of 120 companies
$1.65T
Combined value of its private companies
the whole companies, not what Morgan Stanley owns
114 private companies Morgan Stanley has backed have a VCMC valuation; together they are worth $1.65T. That is the value of the whole companies, not what Morgan Stanley owns. Anthropic is 66% of the total. 6 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Morgan Stanley's most valuable portfolio companies
The 10 most valuable private companies Morgan Stanley has backed, by VCMC's valuation. Values cover private companies only; public companies are not included.
- 1 Anthropic Tech Companies, San Francisco $1.09T range $838.9B – $1.51T Joined at Series G, 2026
- 2 Databricks Tech Companies, San Francisco $193.6B range $165.2B – $240.4B Led at Series H+, 2021
- 3 Anduril Aerospace and Defence, Costa Mesa $68.6B range $53.0B – $91.2B Joined at Series F, 2024
- 4 Ramp Tech Companies, New York $60.1B range $52.2B – $75.9B Joined at Growth, 2026
- 5 Flipkart Online Marketplace, Bengaluru $46.9B range $6.5B – $60.4B Joined at Growth, 2014
- 6 Cohesity Tech Companies, Santa Clara $28.4B range $9.6B – $40.4B Joined at Series D, 2018
- 7 Kalshi Financial Services, New York $25.2B range $19.1B – $34.0B Joined at Series F, 2026
- 8 Commonwealth Fusion Systems Electric Supplies & Power Generation, Harvard $9.8B range $6.5B – $16.9B Joined at Series B, 2025
- 9 PsiQuantum Semiconductors, Palo Alto $9.6B range $6.0B – $11.0B Joined at Series E, 2025
- 10 iCapital Investment Consultants & Financial Advisors, New York $8.7B range $6.0B – $10.1B Joined at Growth, 2020
Portfolio
Full Morgan Stanley portfolio (120 companies)
120 companies. Load more shows the rest.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Anthropic Tech Companies · since Series G, 2026 | Series H May 2026 $65.00B | $1.09T | $838.9B – $1.51T | $1.31T (+20%) | $144.0B | 0% | 6,076 | growing | A | |
| 2 | Databricks Tech Companies · led at Series H+, 2021 | Growth Equity Aug 2026 $5.00B | $193.6B | $165.2B – $240.4B | $209.0B (+8%) | $18.8B | 0% | 17,130 | growing | A | |
| 3 | Anduril Aerospace and Defence · since Series F, 2024 | Series H May 2026 $5.00B | $68.6B | $53.0B – $91.2B | $79.3B (+16%) | $8.7B | 0% | 9,860 | growing | A | |
| 4 | Flipkart Online Marketplace · since Growth, 2014 | Growth Equity Jul 2021 $3.60B | $46.9B | $6.5B – $60.4B | $46.3B (-1%) | $5.6B | 0% | 96,913 | up | D | |
| 5 | Ramp Tech Companies · since Growth, 2026 | Growth Equity Oct 2026 $1.85B | $60.1B | $52.2B – $75.9B | $66.0B (+10%) | $5.9B | 0% | 6,282 | growing | A | |
| 6 | Cohesity Tech Companies · since Series D, 2018 | Series H Dec 2024 $2.00B | $28.4B | $9.6B – $40.4B | $28.3B (0%) | $3.1B | 1% | 7,802 | flat | C | |
| 7 | Magic Leap Tech Companies · since Series C, 2016 | Series G Oct 2021 $500M | $1.7B | $171M – $2.9B | $1.6B (-5%) | $282M | 22% | 1,221 | flat | D | |
| 8 | Kalshi Financial Services · since Series F, 2026 | Series F May 2026 $1.00B | $25.2B | $19.1B – $34.0B | $29.6B (+17%) | $3.3B | 0% | 583 | growing | A | |
| 9 | Tenstorrent Device Manufacturing · since Series E, 2026 | Series E Oct 2026 $1.50B | $6.2B | $5.4B – $9.3B | $8.1B (+30%) | $887M | 0% | 1,280 | growing | A | |
| 10 | PsiQuantum Semiconductors · since Series E, 2025 | Grant Jul 2026 $125M | $9.6B | $6.0B – $11.0B | $9.6B (0%) | $1.1B | 0% | 671 | up | B | |
| 11 | Commonwealth Fusion Systems Electric Supplies & Power Generation · since Series B, 2025 | Series C Jul 2026 $1.00B | $9.8B | $6.5B – $16.9B | $11.9B (+22%) | $1.3B | 0% | 1,114 | flat | B | |
| 12 | Hadrian Aerospace and Defence · since Series C, 2025 | Series D Aug 2026 $1.37B | $8.3B | $6.8B – $11.8B | $10.2B (+23%) | $1.1B | 0% | 269 | flat | A | |
| 13 | AlphaSense Tech Companies · since Series C, 2021 | Growth Equity Jun 2026 $350M | $7.8B | $6.5B – $9.6B | $8.4B (+7%) | $754M | 0% | 3,406 | growing | A | |
| 14 | iCapital Investment Consultants & Financial Advisors · since Growth, 2020 | Growth Equity Jul 2025 $820M | $8.7B | $6.0B – $10.1B | $8.7B (0%) | $787M | 0% | 2,418 | up | A | |
| 15 | NYDIG Cryptocurrency · led at Growth, 2021 | Growth Equity Dec 2021 $1.00B | $4.1B | $742M – $7.8B | $4.1B (0%) | $676M | 19% | 196 | up | D | |
| 16 | DataRobot Tech Companies · since Series G, 2021 | Series G Jul 2021 $300M | $2.6B | $460M – $8.0B | $2.3B (-11%) | $855M | 48% | 868 | flat | D | |
| 17 | Dataminr Tech Companies · since Series E, 2018 | Growth Equity Mar 2025 $85M | $1.0B | $512M – $1.6B | $951M (-6%) | $96.6M | 18% | 882 | up | B | |
| 18 | Buyers Edge Platform Tech Companies · since Growth, 2024 | Debt May 2024 $560M | $5.7B | $1.8B – $8.6B | $4.8B (-15%) | $510M | 0% | 625 | up | C | |
| 19 | Tipalti Payment Processing & Point of Sale · since Series F, 2021 | Growth Equity Sep 2025 $200M | $2.0B | $1.4B – $3.0B | $1.4B (-32%) | $208M | 96% | 1,093 | down | B | |
| 20 | Element Biosciences Biotechnology · since Series C, 2021 | Series E Jun 2026 $175M | $2.4B | $1.4B – $4.4B | $2.9B (+18%) | $315M | 0% | 448 | flat | B | |
| 21 | Vestwell Investment Consultants & Financial Advisors · since Series C, 2021 | Series E Feb 2026 $385M | $2.4B | $1.7B – $3.0B | $2.6B (+8%) | $293M | 7% | 609 | growing | A | |
| 22 | ID.me Tech Companies · since Series C, 2021 | Series E Sep 2025 $340M | $2.6B | $1.6B – $3.0B | $2.6B (0%) | $289M | 0% | 1,167 | flat | B | |
| 23 | Neo4j Tech Companies · led at Series E, 2018 | Growth Equity Nov 2024 $50M | $2.3B | $1.3B – $2.6B | $2.3B (0%) | $205M | 0% | 1,069 | up | B | |
| 24 | Thought Machine Tech Companies · since Series D, 2022 | Series D May 2022 $160M | $1.9B | $234M – $3.7B | $1.7B (-9%) | $430M | 15% | 531 | flat | D | |
| 25 | Alphasense Industrial Products Manufacturer · since Series C, 2021 | Series E Sep 2023 $150M | $1.9B | $374M – $3.7B | $1.9B (0%) | $390M | 0% | 47 | unknown | D | |
| 26 | Human Interest Retirement Planning · since Series F, 2025 | Series F Oct 2025 $100M | $4.0B | $2.6B – $4.7B | $4.0B (+1%) | $445M | 0% | 916 | up | A | |
| 27 | Athelas Tech Companies · since Growth, 2026 | Growth Equity May 2026 $70M | $7.0B | $6.1B – $8.1B | $5.7B (-19%) | $675M | 97% | 315 | shrinking | A | |
| 28 | imagi Computer Training Schools · since Seed, 2026 | Seed Jul 2026 $4.5M | $32.8M | $18.1M – $83.8M | $55.0M (+68%) | $10.8M | 0% | 35 | growing | C | |
| 29 | Tech Companies · led at Growth, 2022 | Growth Equity Oct 2025 $180M | $1.9B | $1.3B – $2.7B | $1.3B (-28%) | $184M | 82% | 113 | down | B | |
| 30 | Tech Companies · since Growth, 2015 | Series E Jun 2019 $165M | $1.3B | $115M – $1.6B | $1.3B (0%) | $200M | 1% | 813 | flat | D | |
| 31 | Tech Companies · since Series F, 2018 | Series F Oct 2018 $33M | $231M | $33.9M – $519M | $231M (0%) | $55.8M | 46% | 523 | flat | D | |
| 32 | Tech Companies · since Series B, 2024 | Series C May 2026 $47M | $439M | $282M – $738M | $520M (+19%) | $57.2M | 0% | 556 | growing | B | |
| 33 | Tech Companies · led at Series B, 2025 | Series B Apr 2025 $65M | $414M | $217M – $768M | $307M (-26%) | $73.6M | 93% | 90 | down | C | |
| 34 | Tech Companies · since Series A, 2026 | Series A Jun 2026 $60M | $349M | $206M – $746M | $526M (+51%) | $73.6M | 0% | 48 | growing | C | |
| 35 | Tobacco · led at Series D, 2014 | Acquisition Mar 2023 $2.75B | $1.0B acquired 2023 | $119M – $1.2B | – | – | 0% | 210 | up | D | |
| 36 | Tech Companies · since Series B, 2020 | Series C Mar 2025 $30M | $360M | $132M – $548M | $360M (0%) | $39.6M | 0% | 125 | flat | C | |
| 37 | Tech Companies · since Growth, 2018 | Growth Equity May 2018 $56M | $494M | $32.5M – $869M | $494M (0%) | $61.6M | 0% | 269 | flat | D | |
| 38 | Tech Companies · led at Series C, 2022 | Series C Sep 2022 $43M | $291M | $50.4M – $731M | $263M (-9%) | $55.9M | 20% | 112 | up | D | |
| 39 | Tech Companies · since Series B, 2025 | Series B Feb 2025 $30M | $350M | $157M – $497M | $350M (0%) | $38.5M | 0% | 71 | up | B | |
| 40 | Tech Companies · since Growth, 2025 | Growth Equity Jun 2025 $47M | $601M | $317M – $914M | $601M (0%) | $54.1M | 0% | 103 | up | B | |
| 41 | Tech Companies · led at Series C, 2024 | Series C Sep 2024 $33M | $220M | $87.4M – $411M | $126M (-43%) | $37.3M | 59% | 120 | down | C | |
| 42 | Tech Companies · since Series A, 2024 | Series A Apr 2024 $15M | $93.8M | $20.8M – $198M | $76.1M (-19%) | $21.2M | 36% | 135 | flat | D | |
| 43 | Tech Companies · since Series A, 2023 | Acquisition Jan 2026 | $17.8M acquired 2026 | $9.24M – $46.5M | – | – | 97% | 16 | shrinking | C | |
| 44 | Tech Companies · since Seed, 2023 | Seed Nov 2023 $6.5M | $16.3M | $8.44M – $34.8M | $12.4M (-24%) | $15.0M | 97% | 20 | down | C | |
| 45 | Tech Companies · since Seed, 2024 | Seed Nov 2024 $6.5M | $108M | $37.2M – $164M | $108M (0%) | $21.2M | 0% | 36 | growing | C | |
| 46 | Investment Consultants & Financial Advisors · led at Seed, 2024 | Seed Oct 2024 $2.0M | $29.6M | $5.61M – $45.1M | $28.2M (-5%) | $5.33M | 0% | 21 | up | D | |
| 47 | Medical Laboratories · since Seed, 2018 | Seed Aug 2018 $1.6M | $5.89M | $0.68M – $29.4M | $5.77M (-2%) | $3.74M | 59% | 16 | flat | D | |
| 48 | Payment Processing & Point of Sale · led at Seed, 2019 | Seed Dec 2019 $1.3M | $14.8M | $0.49M – $23.3M | $14.8M (0%) | $3.00M | 0% | 10 | unknown | D | |
| 49 | Decorators & Interior Designers · since Pre-seed, 2025 | Pre-Seed Dec 2025 $1.1M | $6.85M | $4.23M – $10.6M | $5.45M (-20%) | $2.83M | 89% | 18 | down | B | |
| 50 | Tech Companies · since Seed, 2024 | Seed Sep 2024 $328K | $1.36M | $0.43M – $2.50M | $1.04M (-23%) | $0.51M | 97% | 2 | shrinking | C |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Morgan Stanley invests: stages, industries and countries
Most of its rounds are Series C and later (68%). Its companies span 41 industries, most in Tech Companies, Investment Consultants & Financial Advisors and Payment Processing & Point of Sale, across 15 countries.
Rounds by stage
- Pre-seed 2
- Seed 15
- Series A 11
- Series B 17
- Series C and later 95
Investments by industry
- Tech Companies 63
- Investment Consultants & Financial Advisors 4
- Payment Processing & Point of Sale 4
- Hosting & Cloud Infrastructure Providers 3
- Medical Laboratories 3
- Aerospace and Defence 2
- Batteries 2
- Data Solutions 2
Investments by country
- United States 81
- United Kingdom 14
- Canada 4
- Germany 4
- India 4
- Israel 3
Recent rounds
Morgan Stanley's latest investments
Morgan Stanley's most recent funding rounds, newest first. 18 rounds in the last 12 months.
- Tenstorrent Series E $1.50B 19 Oct 2026
- Seed, led $6.1M 14 Oct 2026
- Series B $100M 2 Sep 2026
- Databricks Growth $5.00B 13 Aug 2026
- Hadrian Series D $1.37B 6 Aug 2026
- Series C $100M 29 Jul 2026
- imagi Seed $4.5M 23 Jul 2026
- Series A $60M 15 Jun 2026
- Ramp Growth $750M 4 Jun 2026
- Series C, led $33M 2 Jun 2026
Co-investors
Morgan Stanley's top co-investors
The investors that most often join the same rounds as Morgan Stanley. Goldman Sachs leads, with 13 rounds together.
- Goldman Sachs 13 rounds together
- Andreessen Horowitz 10 rounds together
- Blackstone 9 rounds together
- GV 8 rounds together
- Temasek 6 rounds together
- Coatue 6 rounds together
- GIC 6 rounds together
- Altimeter 6 rounds together
- TPG 5 rounds together
- Tiger Global 5 rounds together
About
About Morgan Stanley
Morgan Stanley & Co. LLC is an American financial services company engaged in investment banking, wealth management, asset management, and prime brokerage. The company serves individuals, families, institutions, and governments in over 40 countries, providing services such as sales and trading, research, and sustainable investing. Morgan Stanley also operates as a systemically important financial institution and is listed on the New York Stock Exchange.
Description from Veridion's company data.
- Founded
- 1935
- Based in
- New York, United States
- Team
- 97,204 people, +3% in a year
- Type
- Venture capital firm
Focus markets
- Financial Services
- Wealth Management
- Investment Banking
- Asset Management
- Government
What Morgan Stanley offers
- Wealth Management Services
- Investment Banking and Research Services
- Sales and Trading Services
- Investment Management Services
- Asset Management Services
- Commodities Trading Services
- Prime Brokerage Services
- Sustainable Investing Solutions
Questions
Morgan Stanley: frequently asked questions
How many companies has Morgan Stanley invested in?
120 venture-backed companies on VCMC, across 140 funding rounds.
What are Morgan Stanley's most valuable private companies?
Anthropic ($1.09T), Databricks ($193.6B), Anduril ($68.6B), by VCMC's valuation.
What was Morgan Stanley's latest investment?
Tenstorrent, a Series E round in Oct 2026 of $1.50B.
Which stages does Morgan Stanley invest in?
Morgan Stanley invests most often at Series C and later (95 rounds), followed by Series B (17) and seed (15). It has also joined 11 Series A and 2 pre-seed rounds.
What is Morgan Stanley's portfolio worth?
Its private companies with a VCMC valuation are worth $1.65T together. That is the sum of the companies' values, not what Morgan Stanley owns.
Who does Morgan Stanley invest alongside?
Goldman Sachs (13 rounds), Andreessen Horowitz (10 rounds), Blackstone (9 rounds).