Pharsalus Capital
Venture capitalActively deployingNew York · 2 people tracked
Also known as PHARSALUS CAPITAL MANAGEMENT, LLC
Find your way into Pharsalus Capital
Investment thesis
Pharsalus Capital is built around the view that closed, traditional financial systems are breaking down and that hundreds of millions of people are opting out in favor of cryptocurrencies. The firm's mission is to invest in and build companies and protocols that enable billions of people in emerging markets to access crypto. It highlights the rapid global adoption of digital assets, citing 580 million crypto owners as of December 2023, as evidence of a structural shift toward open financial systems that its investing and company-building activity aims to support.
Source: firm website, verified Sep 15, 2026.
Team · 2 people
from the firm's website & public directories
What they invest in
from 25 of 52 portfolio companiesFintech ×22Crypto & Web3 ×19AI & Machine Learning ×5Data & Infrastructure ×3Developer Tools ×2Enterprise Software ×2SaaS ×2Cloud Computing ×1
HQs:United States×6United Kingdom×2
Who they back
founder profiles across 14 portfolio companiesFounding team size:solo founder×92 founders×23 founders×24+ founders×1
Where their founders studiedfrom 18 founders with education data
Harvard Business School ×2Harvard University ×2Massachusetts Institute of Technology ×2University of Cambridge ×2
What their founders studiedfrom 14 founders with field-of-study data
Computer Science ×4Business & Management ×3Engineering ×3Finance & Accounting ×3Economics ×2Mathematics & Statistics ×2
Investments · 52 tracked
founders shown can be your intro pathBy year:2026 · 32025 · 14 dated
Acctual provides free invoicing software that lets freelancers, agencies, contractors, consultants, and small ecommerce businesses generate branded invoices and get paid via card, bank transfer (ACH/SEPA), or stablecoin (USDC/USDT) with same-day payouts.
Crypto & Web3FintechSaaS
Atikh Bana(Founder)inIssa Hassan(Founder)inMomo M(Founder)
PartnerAnthony Ghosn· solo GP
Co-investorsThird Prime
Berachain is a Layer 1 blockchain network built around a Proof of Liquidity mechanism that directs block reward emissions as non-dilutive growth capital to ecosystem applications in exchange for revenue sharing with the network and tokenholders.
Crypto & Web3Developer ToolsFintech
Smokey the Bera(Founder)
PartnerAnthony Ghosn· solo GP
Co-investorsAlphaLab CapitalArrington CapitalBorderless VentureCaladanCVP NoLimitHack VC+13 more
Catalyst is an AI agent platform that converts a user's trading thesis or idea into a live trading strategy, automatically identifying data feeds and execution venues across news, prediction markets, yield, stocks, commodities, tokens, and private markets.
AI & Machine LearningCrypto & Web3Fintech
PartnerAnthony Ghosn· solo GP
Co-investorsLevel Ventures
Checker is a global network enabling financial institutions to integrate stablecoins, digital assets, and cross-border payment capabilities through a single platform.
Crypto & Web3Data & InfrastructureFintech
Jack Chong(CEO)Justin McMahan(COO)Michael Zaczyk(CCO)Nathan Crocker(CTO)
PartnerAnthony Ghosn· solo GP
Crusoe builds energy-first AI infrastructure, using innovative and renewable energy sources to power hyperscale AI factories and a cloud platform for AI workloads.
AI & Machine LearningCloud ComputingEnergyDenver, US
Cully Cavness(Co-founder, President and Chief Strategy Officer)inChase Lochmiller(Co-founder, CEO and Chairman of the Board of Directors)in
PartnerAnthony Ghosn· solo GP
Co-investorsAbstract VenturesACTIVATE CAPITAL PARTNERSAdvaita CapitalAir Street CapitalAlkeon InnovationAvenir Growth Capital+34 more
Hyperdrive is a stablecoin money market focused on stablecoin lending, built on the Hyperliquid blockchain.
Crypto & Web3Fintech
PartnerAnthony Ghosn· solo GP
Co-investorsAlphaLab CapitalCaladan
Erebor is a US national bank in Columbus, Ohio serving AI, crypto, defense and advanced manufacturing companies.
Palmer Luckey(Founder)
PartnerAnthony Ghosn· solo GP
Co-investorsAntiArctic DigitalBalerion Space VenturesCastle Island VenturesIneffable VenturesLakeside Capital+11 more
Eternis.ai is an AI research company building systems for forecasting, simulation, and calibrated prediction, including multi-agent decision-making tools for capital allocators, strategists, and forecasters.
AI & Machine LearningDeep TechSan Francisco, US
Ken Li(Founder)in
PartnerAnthony Ghosn· solo GP
Co-investorsArctic DigitalNIVCoinbase Ventures
Poker Skill is a poker-learning app that teaches strategy through interactive puzzles and short guided lessons for players from beginner to expert, with progress tracking, streaks, and personalized learning paths.
AI & Machine LearningEdTechGaming
Co-investorsTRANSCENDMulticoin CapitalSignalFire
Fun provides blockchain payment infrastructure that handles deposits, withdrawals, transaction routing, and multi-method checkout for fintech, DeFi, trading, and gaming applications.
Crypto & Web3Data & InfrastructureFintechNew York, US
PartnerAnthony Ghosn· solo GP
Co-investorsGreat Oaks Venture CapitalInfinity VenturesMaC Venture CapitalMulticoin CapitalNOMO VenturesSignalFire+1 more
Fuze Finance provides a platform that enables financial institutions to launch payments, trading, lending, and yield products on blockchain infrastructure without building their own compliance and technical stack.
Crypto & Web3Data & InfrastructureEnterprise SoftwareFintech
PartnerAnthony Ghosn· solo GP
Co-investorsBessemer Venture PartnersFurther VenturesLiberty City VenturesSummit Partners
Hawala offers a mobile USD and EUR account with real account details and a Visa card, letting users get paid by international clients, spend online and in store, and send money home across borders.
Crypto & Web3Fintech
Omar Hamade(Founder)in
PartnerAnthony Ghosn· solo GP
Co-investorsAlumni Ventures
Lighter is a zero-knowledge rollup built on Ethereum that enables high-speed, low-cost onchain trading through cryptographic proofs of order matching and liquidations.
Crypto & Web3FintechCambridge, US
Vladimir Novakovski(Founder & CEO)inAlexis Fox(Executive Officer, Director)Micah Risk(Executive Officer)Ronald Pastore(Executive Officer, Director)
BoardSusan E Vitka(Director)Lisa Feria(Director)in
PartnerAnthony Ghosn· solo GP
Co-investorsAbstract VenturesAndreessen HorowitzAntiChapter OneCleo CapitalCoatue Management+13 more
Multicoin Capital is a thesis-driven investment firm that manages hedge and venture funds investing in cryptoassets, tokens, and blockchain companies.
Crypto & Web3Fintech
Tushar Jain(Co-Founder and Managing Partner)in
Co-investorsCapital FactoryMulticoin CapitalSwordfish InvestmentsUnion Square Ventures (USV)Vintage Investment PartnersSignalFire+1 more
N3XT operates a Wyoming-chartered special purpose depository institution providing real-time B2B payments and settlement services for businesses.
Crypto & Web3Enterprise SoftwareFintechCharlotte, US
Scott Shay(Founder)inJeffrey Wallis(Chief Executive Officer & President)inAurélien Bonnel(Chief Technology Officer)inKyle O'Donnell(Chief Information Officer)in
BoardMichael Jesseson(Director)
PartnerAnthony Ghosn· solo GP
Co-investorsAlumni VenturesFuture Perfect VenturesHack VCParadigmReciprocal Ventures
OpenFX operates a real-time settlement network for cross-border payments that replaces traditional international payment systems, enabling businesses to move money across borders significantly faster and cheaper.
Fintech
Prabhakar Reddy(Founder & CEO)in
PartnerAnthony Ghosn· solo GP
Co-investorsAccelFactionFlybridge Capital PartnersHash3 CapitalMARKHAM VALLEY VENTURESNorthzone+2 more
Privy provides infrastructure for building crypto wallets and moving digital assets, enabling developers to integrate wallet functionality, stablecoin transfers, and automated payment systems into their applications.
Crypto & Web3Developer ToolsFintechBoston, US
Asta L.(Founder)inBen Jabbawy(Executive Officer, Director)
BoardSamuel Clemens(Director)
PartnerAnthony Ghosn· solo GP
Co-investorsArchetypeBitDAOBlueYard CapitalCoinbase VenturesElectric CapitalLattice Capital+8 more
PartnerAnthony Ghosn· solo GP
Co-investorsAccelAllied Venture PartnersBorderless VentureManta Ray VenturesNew Enterprise Associates (NEA)Paper Ventures+2 more
Sesame Vault provides risk management and yield optimization infrastructure for digital assets, serving institutional investors and asset managers.
Crypto & Web3FintechSaaS
Dimitris Pagonakis(Co-Founder & Chief Executive Officer)inDora Vardis(Co-Founder & Chief Financial and Chief Operating Officer)inNicolas Streschinsky(Co-Founder & Chief Technology Officer)inDarren Dineen(Co-Founder & Chief Growth Officer)inTed Anastasiou(Co-Founder & Head of Regulatory Compliance)inAlex Simpson(Co-Founder & Strategic Advisor)in
PartnerAnthony Ghosn· solo GP
Soter offers insurance products for companies operating in digital assets and blockchain, including directors and officers, professional indemnity, technology PI, crime and specie, and crypto-specific coverage such as ETH slashing and smart contract insurance.
Crypto & Web3FintechInsurTech
Henson Orser(Founder & CEO)in
PartnerAnthony Ghosn· solo GP
Co-investorsToken Bay CapitalAV8 VenturesBrevan Howard DigitalCoinbase VenturesFranklin TempletonFurther Ventures+4 more
Sovra offers a global dollar account that lets users send, earn, spend, and transact money internationally.
Fintech
PartnerAnthony Ghosn· solo GP
Standard Economics develops an AI-driven financial system that learns from transaction patterns and earning/spending behavior to allocate capital more accurately to individuals and undeserved populations globally.
AI & Machine LearningFintech
PartnerAnthony Ghosn· solo GP
Co-investorsFirestreak VenturesParadigm
Plasma is a financial technology company offering Plasma One, a stablecoin-based account and Visa card that supports USD₮ transfers, cashback, and yield through third-party DeFi protocols.
Crypto & Web3FintechLondon, GB
PartnerAnthony Ghosn· solo GP
Co-investors1/1 Capital6th Man VenturesBeni Venture CapitalMercury FundMirana VenturesShine Capital+9 more
Yellow Card is a licensed stablecoin infrastructure provider operating across Africa, offering cryptocurrency and payment services aimed at solving financial, regulatory, and logistical problems in emerging markets.
Crypto & Web3Fintech
Chris Maurice(Co-founder & CEO)inJustin Poiroux(Co-founder & CTO)in
PartnerAnthony Ghosn· solo GP
Co-investorsAtlanta Technology AngelsCastle Island VenturesDG Daiwa VenturesFabric VenturesFenbushi CapitalSony Ventures Corporation+3 more
.jpeg){kind=logo}
ZAR is a financial app that lets people in countries with volatile local currencies send, hold, and spend US dollars.
Crypto & Web3Fintech
Brandon Timinsky(Founder)in
PartnerAnthony Ghosn· solo GP
Co-investorsMirana VenturesAndreessen HorowitzCoinbase VenturesEndeavor Catalyst
Zodia Markets provides institutional digital asset trading services, including an OTC brokerage with voice and electronic settlement and a digital asset exchange platform.
Crypto & Web3Fintech
Co-investorsSC Ventures
Zodia Markets provides digital asset brokerage and exchange services for institutional clients, including over-the-counter trading with voice and electronic settlement and multi-local rail accounts for cross-border capital movement.
Crypto & Web3FintechLondon, GB
Nick Philpott(Founder)
PartnerAnthony Ghosn· solo GP
Co-investorsSC VenturesPolymorphic CapitalToken Bay Capital
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
African PaymentsBlockchain SDKBlockchains for StablecoinsClimate ComputingCrypto + GiftcardsCrypto AI AgentsCrypto BankingCrypto NeobankFiat to Crypto NetworkFinancial InclusionFlexible InvoicesGlobal PaymentsInstant LiquidityOnchain DepositsOTC Crypto TradingSimple SavingsStablecoin SwapsStablecoin TreasuryTrading ExchangeUSDT Yield & LeverageVerifiable TradingWeb3 InsuranceWeb3 OnboardingYield for EveryoneYield Infrastructure
Portfolio news
latest coverage across their companiesCatalyst App · axios.com · Aug 24, 2026
ZAR · news.fundsforngos.org · Aug 17, 2026
Erebor · coindesk.com · Aug 11, 2026
Soter · arabfounders.net · Aug 3, 2026
Lighter · insights.unlocks.app · Jul 18, 2026
Multicoin Capital · cryptorank.io · Jul 17, 2026
Crusoe Energy · arti-trends.com · Jul 6, 2026
Frequently asked questions
- How many investments has Pharsalus Capital made?
- Pharsalus Capital has 52 tracked investments, including 4 dated in the last 24 months.
- What sectors does Pharsalus Capital focus on?
- Pharsalus Capital focuses on Crypto & Web3, Fintech.
- Where is Pharsalus Capital located?
- Pharsalus Capital is headquartered in New York, US.
- Does Pharsalus Capital lead rounds?
- Pharsalus Capital has led 3 of the 4 rounds where its role is on record.
- Who does Pharsalus Capital co-invest with?
- Pharsalus Capital most often shares deals with Mirana Ventures, Hack VC, Paradigm, among 117 tracked co-investors.
Images
Similar investors
AirTree Ventures runs Pathfinders, a free four-week in-person program in Sydney for young builders (high-school graduates up to age 23) to work on a real product, access the AirTree team and founders, and build a peer network.
Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.
August Capital is a venture capital firm that invests in a small number of companies, providing hands-on support to entrepreneurs building their businesses.
.jpeg){kind=logo}
B Capital is a global investment firm backing early to late-stage technology innovators across technology, healthcare, and energy & resilience sectors.
Bessemer Venture Partners is a global venture capital firm that partners with entrepreneurs across enterprise, consumer, and healthcare sectors from early stages through growth.