Pharsalus Capital — Full Portfolio
56 tracked investments · listed companies and verified rows first
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)Mohamedeq Mohamed(Founder)
PartnerAnthony Ghosn· solo GP
Co-investorsSoma CapitalThird 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)Homme Bear(Founder)Smokey The Bera(Founder)
PartnerAnthony Ghosn· solo GP
Co-investorsAlphaLab CapitalArrington CapitalAVID3Borderless VentureCaladanCitizenX Crypto Ventures+21 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-investorsAntiLevel 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
Co-investorsBreedDFS Lab FrontierIGNIAOnigiri CapitalDFS Lab
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 ComputingData & InfrastructureEnergyDenver, US
Cully Cavness(Founder)inChase Lochmiller(Founder)inCharles Cavness(Executive Officer, Director)Matthew DeNezza(Executive Officer)inJamey Seely(Executive Officer)inMichael Gordon(Executive Officer)in
PartnerAnthony Ghosn· solo GP
Co-investorsAbstract VenturesACTIVATE CAPITAL PARTNERSAdvaita CapitalAkkaAlkeon InnovationAMCH LTD+78 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-investorsAmbush CapitalAndreessen HorowitzAntiArctic DigitalBalerion Space VenturesCastle Island Ventures+24 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-investorsTRANSCENDInfinity VenturesMulticoin CapitalNZVCSignalFireStreamlined Ventures
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
Alex Fine(Founder)Mario Baxter(Founder)
PartnerAnthony Ghosn· solo GP
Co-investorsGreat Oaks Venture CapitalInfinity VenturesMaC Venture CapitalMulticoin CapitalNOMO VenturesOrange DAO+3 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
Arpit Mehta(Founder)Mo Ali Yusuf(Founder)Mohammed Ali Yusuf(Founder)Srijan Shetty(Founder)
PartnerAnthony Ghosn· solo GP
Co-investorsBessemer Venture PartnersFurther VenturesInsight PartnersLiberty City VenturesMiroma VenturesSummit Partners+1 more
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)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 VenturesAlumni VenturesAndreessen HorowitzAntiBlue Horizon CorporationChapter One+16 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)inKyle Samani(Founder)
Co-investorsCapital FactoryCircle VenturesLontra VenturesNarwhal VenturesSwordfish InvestmentsUnion Square Ventures (USV)+3 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(Founder)inAurélien Bonnel(Founder, Chief Technology Officer)inKyle O'Donnell(Founder, Chief Information Officer)in
BoardMichael Jesseson(Director)
PartnerAnthony Ghosn· solo GP
Co-investorsAlumni VenturesFuture Perfect VenturesHack VCParadigmReciprocal VenturesWinklevoss Capital
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)in
PartnerAnthony Ghosn· solo GP
Co-investorsAccelFactionFlybridge Capital PartnersHash3 CapitalM13MARKHAM VALLEY VENTURES+5 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)inMax SegallinBen Jabbawy(Executive Officer, Director)Asta Li(Founder)Henri Stern(Founder)in
BoardSamuel Clemens(Director)
PartnerAnthony Ghosn· solo GP
Co-investorsArchetypeBitDAOBlueYard CapitalBoxGroupCoinbase VenturesCypress Growth Capital+13 more
Raise offers a consumer rewards platform where users buy digital gift cards from over 1,200 brands and earn stackable "Raise Cash" rewards that can be applied to future purchases.
ConsumerE-commerceFintech
George Bousis(Founder)Jay Klauminzer (CEO)(Founder)
PartnerAnthony Ghosn· solo GP
Co-investorsAccelAllied Venture PartnersBorderless VentureListen VenturesManta Ray VenturesNew Enterprise Associates (NEA)+4 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-investorsDoubleRockFirestreak VenturesLightspeed Venture PartnersParadigm
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 CapitalImpossible FinanceMercury FundMirana Ventures+12 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 & Web3FintechBirmingham, US
Chris Maurice(Founder)inJustin Poiroux(Founder)inKeith Hamlin(Director)Jason Marshall(Executive Officer)Joshua Rosenthal(Director)
BoardAleks Larsen(Director)in
PartnerAnthony Ghosn· solo GP
Co-investorsAtlanta Technology AngelsBlockchain CapitalCastle Island VenturesDG Daiwa VenturesFabric VenturesFenbushi Capital+8 more
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-investorsDragonflyMirana 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 & Web3FintechLondon, GB
Nick Philpott(Founder)in
Co-investorsSC VenturesPolymorphic CapitalToken Bay CapitalCircle VenturesHuman 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 NeobankEreborFiat to Crypto NetworkFinancial InclusionFlexible InvoicesGlobal PaymentsHyperdriveInstant LiquidityOnchain DepositsOTC Crypto TradingSesame VaultSimple SavingsSovra FinanceStablecoin SwapsStablecoin TreasuryTrading ExchangeUSDT Yield & LeverageVerifiable TradingWeb3 InsuranceWeb3 OnboardingYield for EveryoneYield InfrastructureYieldClub
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.














































































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