Varys Capital
Venture capitalBangkok · Pre-Seed–Seed · 3 people tracked
Find your way into Varys Capital
782 people in our graph share verified history with the Varys Capital team — schools, employers, funds. One of them is your warm intro.
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 14 of 26 portfolio companiesCrypto & Web3 ×10Fintech ×8AI & Machine Learning ×4Enterprise Software ×4Data & Infrastructure ×3Deep Tech ×3Developer Tools ×2Cloud Computing ×1
HQs:United States×5
Who they back
founder profiles across 6 portfolio companiesWhere their founders worked beforefrom 10 founders with career history
Symbol Technologies (Motorola) ×2
Investments · 26 tracked
founders shown can be your intro pathBy year:2026 · 12019 · 12 dated
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
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
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)in
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-investorsFabric VenturesG20 VenturesBig Brain HoldingsDune VenturesFJ LabsSevenX Ventures+1 more
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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
Denis Nazarov(Founder)
Co-investors2050A.Capital VenturesCatcherVCFourth Revolution Capital (4RC)IDEO CoLab VenturesIOSG Ventures+5 more
San Francisco, US
Wendy F(Founder)
Co-investorsCastrum CapitalProtagonistRR2 Capital
Nexo is a platform that enables users to access financial services built on blockchain technology, including crypto-backed lending and digital asset management solutions.
AI & Machine LearningCrypto & Web3Fintech
Antoni Trenchev(Founder)inKosta Kantchev(Founder)in
Co-investorsNexoArrington XRP Capital
Nirvana Labs provides bare-metal cloud compute instances across three families optimized for different workloads, with pricing up to 37% lower than AWS equivalents.
AI & Machine LearningCloud ComputingData & InfrastructureDeep TechDeveloper ToolsEnterprise Software
Co-investorsCrucible CapitalHash3 CapitalLattice CapitalRaptor GroupCastle Island VenturesJump Crypto+1 more
Optimum applies Random Linear Network Coding (RLNC) to speed up blockchain data propagation, encoding transactions, blocks, and data blobs into resilient packets to reduce latency and bandwidth use.
Crypto & Web3Data & InfrastructureDeep Tech
Muriel Médard(Co-founder)inKishori Konwar(Co-founder)inKent Lin(Co-founder)in
Co-investors1kxCaladanGSRRobot VenturesTriton Capital1k(x)+2 more
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)in
Co-investorsBixin CapitalBixin VenturesCVP NoLimitDragonflyMetastableNo Limit Holdings (NLH)+7 more
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
Supra is a technology company providing cross-border B2B payment and collection services for importers and exporters.
Co-investorsHTwentyHyperithmAnimoca BrandsCoinbase VenturesFaculty GroupFar Out Ventures+6 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
ArtiesBloxtelBrickkenConsumer LEVR Sports prediction marketExponentMomentumMovement LabsSunSpearTread Labs
Portfolio news
latest coverage across their companies
Supra · torquecafe.com · Sep 9, 2026
Optimum · finance.yahoo.com · Aug 14, 2026
Reya · mishcon.com · Aug 7, 2026
Reya · mishcon.com · Jul 31, 2026
Interval · advisorperspectives.com · Jul 27, 2026
Hedera Hashgraph · cryptotimes.io · Jul 16, 2026
Mirror · baynews9.com · Jun 24, 2026
Nexo · trysignalbase.com · Jun 12, 2026
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 Eterna Capital, Hyperithm, Maven 11, among 69 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
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FundRock and Varys Capital Join Forces in the UAE
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What Can Santa Claus and Traffic Tell Us About Growth Potential in a Market?
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The Most Overlooked Consideration when Entering a Market
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Darius Askaripour on CNBC Arabia's GameChangers
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