Morgan Creek Digital Research
Investment Thesis
Morgan Creek Digital (MCD) invests in transformational technologies across four foundational themes: Artificial Intelligence, Blockchain Technology, Computing Infrastructure, and Big Data. The firm's vision is to invest in entrepreneurs and operators creating the next generation of digital innovation, focusing on more efficient, transparent, and secure systems and hardware.
Founded in 2018 as part of Morgan Creek Capital Management (established 2004), MCD leverages the parent company's extensive experience in institutional investing and endowment management to identify and scale breakthrough digital technology companies.
Sector and Technology Focus
Morgan Creek Digital has developed expertise across four core investment themes:
Artificial Intelligence & Machine Learning
- Machine learning, supervised and unsupervised learning
- Neural networks, symbolic learning, reinforcement learning
- Focus on practical AI applications across infrastructure and enterprise
Computing Infrastructure & Semiconductors
- Chip design and high-performance computing
- Cloud computing and hardware solutions
- Cybersecurity infrastructure
- Advanced semiconductor manufacturing and architectures
Blockchain Technology & Digital Assets
- Blockchain networks and protocols (Bitcoin, Ethereum, Solana, Avalanche)
- Digital wallets and custody solutions (Ledger, Hex Trust)
- Decentralized exchanges and trading platforms (Uniswap, 1inch, Orca)
- Distributed ledgers and liquid protocols
- Decentralized finance (DeFi) infrastructure
- Stablecoin solutions (Stably, TrustToken)
Big Data & Infrastructure
- Data analytics and visualization platforms
- Data storage and data center solutions
- Internet-of-Things (IoT) and sensor networks
- Database management systems
- Data privacy and security technologies
Stage Focus
Morgan Creek Digital invests across early to mid-stage companies:
- Pre-Seed: Early prototype and concept validation
- Seed: Working products with initial user traction
- Series A & B: Scaling operations and market expansion
- Emerging focus on Series B+ companies (recent EnCharge AI investment in February 2025)
Recent Investment Activity
MCD has demonstrated strong deployment activity in 2025:
- February 2025: Series B-II investment in EnCharge AI (semiconductor/AI compute)
- November 2025: Additional investment in EnCharge AI (General Purpose Semiconductors)
- Active throughout 2025: ~19 equity investments completed with total commitments of ~$12 million
- Fund status: Actively deploying capital from established funds
Notable recent investments include EnCharge AI, reflecting MCD's deepening focus on AI computing infrastructure.
Portfolio Company Highlights
Morgan Creek Digital has invested in 35+ companies across its portfolio, including leading blockchain protocols, exchanges, infrastructure providers, and AI/computing companies. Portfolio ranges from protocol-level investments (Bitcoin, Ethereum) to application-layer platforms (Uniswap, Coinbase) and emerging AI infrastructure (Groq, EnCharge AI).
Investment Check Size
Based on portfolio analysis:
- Pre-Seed/Seed: $250K - $2M
- Series A: $1M - $5M
- Series B+: $2M - $10M+
Geographic Focus
- Primary: United States (Chapel Hill, NC headquarters)
- Secondary: Global focus with emphasis on Silicon Valley tech ecosystem and emerging blockchain hubs
Decision Process
- Partnership approach with portfolio companies
- Due diligence conducted by specialized team across ABCD themes
- Relationship-driven investment strategy
- Combined expertise from Morgan Creek Capital's 20+ year institutional investing track record
Team Expertise
Leadership:
- Mark W. Yusko (Founder, CEO & CIO): 20+ years institutional investing, Endowment Model pioneer
- Sachin Jaitly (General Partner): Serial entrepreneur, AI/blockchain expert, founded multiple VC funds
- Xavier A. Segura (General Partner): 12+ years tech industry, founded Tessera Venture Partners
- Darpan Biswas (Partner): AI/blockchain research specialist
Analyst Team:
- Michael Fair (Senior Associate): Valuation and diligence specialist
- Ryan Abronski (Senior Associate): Technology sourcing and research specialist
Investment Philosophy
- Founder Preference: Focus on backing exceptional founders and operators
- Operational Support: Beyond capital, provide strategic guidance
- Network Leverage: Tap Morgan Creek's institutional network
- Thematic Conviction: Strong ABCD technology positions
- Diversity & Inclusion: Active champion of diverse innovation
- Long-term Value Creation: Patient capital with institutional backing