Varys Capital
Venture capitalBangkok · Pre-Seed–Seed · 3 people tracked
Investment thesis
Varys Capital operates around four pillars, with two central ones being venture investing and trading. On the venture side, it backs crypto and Web3 infrastructure and applications — investing in equity, tokens, and liquid positions and providing liquidity support to portfolio companies. On the trading side, it runs a quantitative, data-driven, mostly market-neutral (delta-neutral) desk that seeks alpha correlated with volatility, using ultra-low latency technology, HFT strategies, and proprietary risk indicators to outperform traditional indices, Bitcoin, and Ethereum over a three-year horizon. The firm also offers private wealth management, market-making, liquidity provisioning, treasury management, and go-to-market advisory services across the digital asset ecosystem.
Source: firm website, verified Aug 3, 2026.
Team · 3 people
from the firm's website
What they invest in
from 13 of 26 portfolio companiesCrypto & Web3 ×10Fintech ×8Enterprise Software ×3AI & Machine Learning ×2Data & Infrastructure ×2Deep Tech ×2Creator Economy ×1Developer Tools ×1
HQs:United States×5
Investments · 26 tracked
founders shown can be your intro path
Argument builds systems for verifiable computing by combining zero-knowledge cryptography, formal verification, and distributed consensus technologies.
Crypto & Web3Deep TechDeveloper ToolsEnterprise SoftwareBoston, US
John Burnham(Founder)inGabriel Barreto(Founder)inSamuel Burnham(Founder)in
Co-investorsBig Brain HoldingsSamsung NextY CombinatorLombardstreet Ventures
Gateway enabling traditional artists to enter the Web3 space and make fine art universally accessible.
Patent-pending wireless networking software layer enabling Web3 data roaming across 4G, 5G, and 6G networks.
dApp infrastructure for bringing assets on-chain via Security Token Offerings and enabling legally compliant DAO operations.
Co-investorsBig Brain HoldingsMaven 11V3V Ventures
Credefi is a crypto lending platform that connects lenders with small and medium-sized enterprises seeking debt financing, with loans collateralized by real-world assets such as real estate and future receivables.
Crypto & Web3Fintech
Co-investorsMagnus CapitalPeech Capital
AI-driven platform delivering research and analytical trading tools for Web3 traders.
Hedera is a permissioned distributed ledger platform designed for enterprise applications, offering fast transaction finality, regulatory compliance, and institutional governance.
Crypto & Web3Enterprise SoftwareFintechRichardson, US
Mance Harmon(Chief Executive Officer, Manager)inLeemon Baird(Manager)
Co-investorsBloccelerate VCBlockchain AssetsBlockwallDigital Currency GroupEterna CapitalFenbushi Capital+8 more
Interval offers a privacy-first enterprise data platform that deploys into a company's cloud or on-premise environment to turn raw data into structured data assets using a verifiable AI framework.
AI & Machine LearningData & InfrastructureEnterprise SoftwareScottsdale, US
BoardShelley Huff(Manager of the Company)Maryam Banikarim(Manager of the Company)
Co-investorsArctic Digital
Lulubit is a mobile app for buying and selling Bitcoin, Ethereum, and over 30 cryptocurrencies, allowing users to deposit local currency from banks and wallets.
Crypto & Web3Fintech
Co-investorsLattice CapitalReverieSide Door Ventures
Minteo provides stablecoin infrastructure backed by liquid reserves, enabling cross-border money transfers in emerging markets, particularly Latin America.
Crypto & Web3Fintech
William Duran(Founder)in
Co-investorsG20 Ventures
Paragraph is a publishing platform with an integrated AI agent that automates content creation, editing, and distribution across multiple channels including blogs, newsletters, social media, and landing pages.
AI & Machine LearningCreator EconomySaaS
Co-investors2050A.Capital VenturesCatcherVCFourth Revolution Capital (4RC)IDEO CoLab VenturesIOSG Ventures+5 more
A ve(3,3) DEX on Sui designed to align liquidity providers, traders, and protocols through shared incentive structures.
San Francisco, US
Wendy F(Founder)
Co-investorsCastrum CapitalProtagonistRR2 Capital
Co-investorsArchetypeBankless VenturesBorderless VentureContinue CapitalEterna CapitalFigment+9 more
Web3-native cloud infrastructure and node solutions provider offering bare-metal optimization for blockchain networks.
Optimum is a chain-agnostic data acceleration network that uses Random Linear Network Coding (RLNC) to make block and payload propagation across blockchains faster and more bandwidth efficient, running as a sidecar without changes to consensus or protocol rules.
Crypto & Web3Data & InfrastructureDeep Tech
Muriel Médard(CEO)inKishori KonwarinKent Lin(Head of Business Development)in
Co-investors1k(x)1kxAlphaLab CapitalCaladanLongHash VenturesRobot Ventures
Reya is a decentralized perpetuals exchange (DEX) built as a based-rollup on Ethereum, currently operating as an L2 on Arbitrum Orbit with zero gas fees, MEV protection, and yield-bearing collateral options like srUSD and wstETH.
Crypto & Web3Fintech
Co-investorsWintermuteFramework Ventures
Reya is a decentralized perpetuals exchange (DEX) built as an L2 on Arbitrum Orbit, offering high-speed trading with zero gas, MEV protection, and self-custody, along with yield-bearing collateral options such as srUSD and wstETH.
Crypto & Web3Fintech
Co-investorsBackedEntrepreneur FirstFabric VenturesRR2 Capital
Gaming studio building a AAA first-person extraction shooter
Ken Rosman(CEO)
Co-investorsBixin CapitalBixin VenturesCVP NoLimitDragonflyMetastableNo Limit Holdings (NLH)+7 more
Develops IMMORTAL, a blockchain-based action game merging RTS and MOBA genres with player-owned NFT assets.
Sunspear Games develops IMMORTAL: Gates of Pyre, a real-time strategy video game featuring multiple playable factions and a supporting player community.
Gaming
Co-investorsArca FundsHyperithmBlocktower Capital
Layer 1 blockchain offering 500k TPS performance, multi-VM support, and native oracle services without added complexity.
Distributed trading infrastructure platform for institutional Web3 clients featuring automated trading and liquidity diversification.
Portfolio news
latest coverage across their companiesOptimum · finance.yahoo.com · Aug 14, 2026
Reya · mishcon.com · Aug 7, 2026
Interval · advisorperspectives.com · Jul 27, 2026
Hedera Hashgraph · cryptotimes.io · Jul 16, 2026
Mirror · baynews9.com · Jun 24, 2026
Lulubit · lulubit.app · Aug 29, 2025
Shrapnel · decrypt.co · Aug 13, 2025
Frequently asked questions
- How many investments has Varys Capital made?
- Varys Capital has 26 tracked investments, including 1 dated in the last 24 months.
- What stage does Varys Capital invest at?
- Varys Capital invests at the Pre-Seed, Seed stages.
- What sectors does Varys Capital focus on?
- Varys Capital focuses on AI & Machine Learning, B2B Marketplaces, Crypto & Web3, Data & Infrastructure, Fintech, Gaming.
- Where is Varys Capital located?
- Varys Capital is headquartered in Bangkok, TH.
- Who does Varys Capital co-invest with?
- Varys Capital most often shares deals with Big Brain Holdings, Eterna Capital, Maven 11, among 68 tracked co-investors.
Media · Podcasts & interviews
from their channelDevcon: Varys Capital Panel
Varys Capital
Dubai Eye's The Breakfast Show: Al Thani Investment, UAE Attractants, and Trump
Varys Capital
FundRock and Varys Capital Join Forces in the UAE
Varys Capital
What Can Santa Claus and Traffic Tell Us About Growth Potential in a Market?
Varys Capital
The Most Overlooked Consideration when Entering a Market
Varys Capital
Darius Askaripour on CNBC Arabia's GameChangers
Varys Capital
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