About Morningstar
Morningstar is a company based in Chicago (United States) founded in 1984 by Joe Mansueto. It operates as a Data-as-a-Service, Subscription Services, and Advertising Model. Morningstar has raised $91 million across 5 funding rounds from investors including European Union and SoftBank. The company has 6 employees as of April 09, 2024. Morningstar has completed 24 acquisitions, including 10 K Wizard, AdviserLogic and Aegis Australia. Morningstar offers products and services including Morningstar Data+Analytics, Morningstar Direct, and Morningstar Wealth. Morningstar operates in a competitive market with competitors including IHS Markit, Intercontinental Exchange, CME Group, Bloomberg and S&P Global, among others.
- Headquarter Chicago, United States
- Employees 6 as on 09 Apr, 2024
- Founders Joe Mansueto
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Morningstar, Inc.
- Date of Incorporation 09 Oct, 2013
- Jurisdiction Navi Mumbai, Maharashtra, India
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Annual Revenue
$351.25 K (USD)106.17as on Mar 31, 2021
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Net Profit
$-449.21 K (USD)33.21as on Mar 31, 2021
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EBITDA
$-450.06 K (USD)33.31as on Mar 31, 2021
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Total Equity Funding
$91 M (USD)
in 5 rounds
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Latest Funding Round
$22.63 K (USD), Grant
Jan 06, 2022
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Investors
European Union
& 1 more
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Employee Count
6
as on Apr 09, 2024
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Investments & Acquisitions
10 K Wizard
& 23 more
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IPO & Listings of Morningstar
Morningstar is a publicly listed company on the NASDAQ with ticker symbol MORN in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Morningstar
Morningstar offers a comprehensive portfolio of products and services, including Morningstar Data+Analytics, Morningstar Direct, and Morningstar Wealth. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Financial data and analytics are provided for investors.
Investment research tools are offered for professional use.
Wealth management solutions are delivered to financial advisors.
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Software Development Team
234 people
Sales and Marketing
72 people
Leadership Team
39 people
Data Analysis and Operations Team
35 people
Senior Team
30 people
Human Resources and Administration
25 people
Creative and Marketing Team
23 people
Product Management Team
13 people
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Funding Insights of Morningstar
Morningstar has successfully raised a total of $91M across 5 strategic funding rounds. The most recent funding activity was a Grant round of $22.63 thousand completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Grant — $22,630
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First Round
First Round
(09 Jul 1999)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Grant - Morningstar | Valuation |
investors |
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| Jan, 2020 | Amount | Grant - Morningstar | Valuation |
investors |
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| Dec, 2018 | Amount | Grant - Morningstar | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Morningstar
Morningstar has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and SoftBank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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PE and VC fund focused on fintech, Adtech, gaming, eCommerce, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Morningstar
Morningstar has strategically engaged in corporate development activities, having acquired 24 companies. Notable acquisitions include 10 K Wizard, AdviserLogic and Aegis Australia. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Index calculation services are provided for financial benchmarks.
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2018 | ||||
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Smart agricultural equipment is manufactured and supplied for farming operations.
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2017 | ||||
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Fund management, stockbroking, financial planning, and retail investments are provided.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Morningstar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Morningstar Comparisons
Competitors of Morningstar
Morningstar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as IHS Markit, Intercontinental Exchange, CME Group, Bloomberg and S&P Global, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online data source platform for information, analytics, and solutions for governments and financial markets
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| domain | founded_year | HQ Location |
Private and financial market data analytics solutions are provided.
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| domain | founded_year | HQ Location |
Online trading and financial data exchange marketplace for capital assets
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| domain | founded_year | HQ Location |
Provider of financial data to enterprises
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| domain | founded_year | HQ Location |
Platform offering business intelligence solutions that combine data and actionable analytics for clients
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Morningstar
Frequently Asked Questions about Morningstar
When was Morningstar founded?
Morningstar was founded in 1984 and raised its 1st funding round 15 years after it was founded.
Where is Morningstar located?
Morningstar is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Morningstar?
Kunal Kapoor is the current CEO of Morningstar.
Is Morningstar a funded company?
Morningstar is a funded company, having raised a total of $91M across 5 funding rounds to date. The company's 1st funding round was a Grant of $22.76K, raised on Jul 09, 1999.
How many employees does Morningstar have?
As of Apr 09, 2024, the latest employee count at Morningstar is 6.
What is the annual revenue of Morningstar?
Annual revenue of Morningstar is $351.25K as on Mar 31, 2021.
What does Morningstar do?
Morningstar is engaged in delivering financial data, analytics, and investment research to both individual and professional investors. Services are provided across various sectors including markets, funds, ETFs, stocks, and bonds. Solutions such as Morningstar Direct, DataAnalytics, and Wealth are offered to empower investor success. Content and tools are developed to support portfolio management, market analysis, and sustainable investing. Editorial independence is maintained to ensure unbiased reporting and analysis for users globally.
Who are the top competitors of Morningstar?
Morningstar's top competitors include IHS Markit, CME Group and Bloomberg.
What products or services does Morningstar offer?
Morningstar offers Morningstar Data+Analytics, Morningstar Direct, and Morningstar Wealth.
Is Morningstar publicly traded?
Yes, Morningstar is publicly traded on NASDAQ under the ticker symbol MORN.
How many acquisitions has Morningstar made?
Morningstar has made 24 acquisitions, including 10 K Wizard, AdviserLogic, and Aegis Australia.
Who are Morningstar's investors?
Morningstar has 2 investors. Key investors include European Union, and SoftBank.
What is Morningstar's ticker symbol?
The ticker symbol of Morningstar is MORN on NASDAQ.
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