Pharsalus Capital
Venture capitalActively deployingNew York · 1 people tracked
Also known as PHARSALUS CAPITAL MANAGEMENT, LLC
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 Aug 25, 2026.
Team · 1 people
from the firm's website
What they invest in
from 24 of 52 portfolio companiesFintech ×21Crypto & Web3 ×18AI & Machine Learning ×5Data & Infrastructure ×3Developer Tools ×2SaaS ×2Cloud Computing ×1Deep Tech ×1
HQs:United States×6United Kingdom×2
Who they back
founder profiles across 10 portfolio companiesFounding team size:solo founder×62 founders×23 founders×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)Issa Hassan(Founder)Momo M(Founder)
PartnerAnthony Ghosn· solo GP
Co-investorsThird Prime
PartnerAnthony Ghosn· solo GP
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 NoLimitHash3 Capital+11 more
PartnerAnthony Ghosn· solo GP
PartnerAnthony Ghosn· solo GP
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
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+33 more
PartnerAnthony Ghosn· solo GP
PartnerAnthony Ghosn· solo GP
PartnerAnthony Ghosn· solo GP
PartnerAnthony Ghosn· solo GP
Hyperdrive is a stablecoin money market focused on stablecoin lending, built on the Hyperliquid blockchain.
Crypto & Web3Fintech
PartnerAnthony Ghosn· solo GP
Co-investorsAlphaLab CapitalCaladan
PartnerAnthony Ghosn· solo GP
Co-investorsAntiArctic DigitalBalerion Space VenturesCastle Island VenturesIneffable VenturesLakeside Capital+5 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
PartnerAnthony Ghosn· solo GP
Co-investorsArctic DigitalNIVCoinbase Ventures
PartnerAnthony Ghosn· solo GP
PartnerAnthony Ghosn· solo GP
PartnerAnthony Ghosn· solo GP
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 provides API-based infrastructure for stablecoin payments, digital asset trading, wallets, yield, and collateralized lending, enabling businesses to embed crypto and fiat payment features into their products.
Crypto & Web3Data & InfrastructureFintech
PartnerAnthony Ghosn· solo GP
Co-investorsBessemer Venture PartnersFurther VenturesLiberty City VenturesSummit Partners
PartnerAnthony Ghosn· solo GP
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
PartnerAnthony Ghosn· solo GP
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)Alexis 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)Jeffrey Wallis(Chief Executive Officer & President)Aurélien Bonnel(Chief Technology Officer)Kyle O'Donnell(Chief Information Officer)
BoardMichael Jesseson(Director)
PartnerAnthony Ghosn· solo GP
Co-investorsFuture Perfect VenturesHack VCParadigmReciprocal Ventures
PartnerAnthony Ghosn· solo GP
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
PartnerAnthony Ghosn· solo GP
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 treasury management and compliance infrastructure for stablecoin issuers and institutional treasuries, offering real-time compliance verification, automated reserve rebalancing, and yield optimization while preserving liquidity.
Crypto & Web3FintechSaaS
PartnerAnthony Ghosn· solo GP
PartnerAnthony Ghosn· solo GP
Soter provides institutional-grade insurance products for the digital asset and Web3 ecosystem, covering risks such as theft and loss, crime, slashing, smart contract vulnerabilities, and D&O.
Crypto & Web3FintechInsurTech
PartnerAnthony Ghosn· solo GP
Co-investorsToken Bay CapitalBrevan Howard DigitalCoinbase VenturesFranklin TempletonFurther VenturesKaratage
Sovra offers a global dollar account that lets users send, earn, spend, and transact money internationally.
Fintech
PartnerAnthony Ghosn· solo GP
PartnerAnthony Ghosn· solo GP
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
PartnerAnthony Ghosn· solo GP
PartnerAnthony Ghosn· solo GP
PartnerAnthony Ghosn· solo GP
PartnerAnthony Ghosn· solo GP
PartnerAnthony Ghosn· solo GP
Yellow Card provides digital asset and fiat payments infrastructure that lets banks, financial institutions, corporates, and other businesses access, store, send, and manage stablecoins and make payments across USD and 50+ local currencies.
Chris Maurice(Founder)inJustin Poiroux(Founder)in
PartnerAnthony Ghosn· solo GP
Co-investorsAtlanta Technology AngelsCastle Island VenturesDG Daiwa VenturesFenbushi CapitalSony Ventures CorporationSozo Ventures+1 more
PartnerAnthony Ghosn· solo GP
PartnerAnthony Ghosn· solo GP
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
Portfolio news
latest coverage across their companiesCatalyst · axios.com · Aug 24, 2026
ZAR · news.fundsforngos.org · Aug 17, 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
Sovra · enterpriseam.com · Jun 19, 2026
Frequently asked questions
- How many investments has Pharsalus Capital made?
- Pharsalus Capital has 49 tracked investments, including 2 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.
- Who does Pharsalus Capital co-invest with?
- Pharsalus Capital most often shares deals with Mirana Ventures, Paradigm, Accel, among 112 tracked co-investors.
Images
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