All funds
Varys Capital logo

Varys Capital

$12Tdisclosed portfolio round capital
1 Jun, 2026last investment
10portfolio companies
3team members

Analyst signals

Portfolio activity and matriculation

Metrics use all recorded activity through 21 Jul 2026 across pre seed, private, seed, strategic, unknown. Later-round outcomes are capped at the period end.

40%companies with a later round · 4/10
8.09×median round-size step-up · n=4
Not availablemedian valuation step-up · n=0
0%recorded-solo rate · 0 solo / 10 syndicated
Finance · 4 companiesInfrastructure · 2 companiesAsset Management · 1 companies

These are activity signals, not fund-return metrics. Round capital is the full disclosed financing amount, not this fund's check size. “Recorded solo” means only one investor is present in the source data and is a lead signal, not verified lead status; syndicated rounds are a co-investor or follower signal. IRR, TVPI, DPI, ownership, exits, and market beta cannot be calculated from the available records.

Opportunities

Crypto jobs across Varys Capital's portfolio

6 current roles at companies backed by Varys Capital, sourced from JobStash's crypto job board.

People

Team

D

Darius Askaripour

Managing Partner

T

Thomas Dunleavy

CFA, CAIA, Head of Venture

W

Wojciech Szczygiel

Head of Trading

Portfolio

Investments

Full financing histories for portfolio companies. Highlighted rounds are those where Varys Capital is recorded as an investor.

Brickken logo

Brickken

crypto
Finance

Brickken helps businesses tokenize real-world assets by providing a platform for creating, managing, and distributing digital assets backed by physical assets.

Seed15 Jan, 2025$2.5T round$23M valuationSyndicated · 8 disclosed investors
Public Sale1 Mar, 2022$2M round$12M valuation

Cherry Network is a community-governed, open-source, decentralized layer-one blockchain project. It is purpose-built to connect Web 3.0 applications with decentralized file storage, providing a trustless, business-ready interface for decentralized applications and innovators building on its stack.

Seed20 Dec, 2021$2.9T round
Private1 Dec, 2021$2.9M roundSyndicated · 4 disclosed investors
Forward logo

Forward

crypto

Stealth

Seed1 Sep, 2022$5M roundSyndicated · 18 disclosed investors
Infrastructure

Movement Labs builds Move-based blockchain infrastructure that bridges the security of the Move programming language with Ethereum's ecosystem and liquidity.

Series A26 Apr, 2024$38T round
Pre-Seed13 Sep, 2023$3.4T roundSyndicated · 12 disclosed investors
Finance

MYX Finance operates a decentralized, permissionless perpetuals trading platform. Users can trade perpetual markets, create derivatives markets, and provide liquidity through stable vaults and high-yield pools.

Strategic18 Feb, 2026
Public token sale6 May, 2025$180B round
Public Sale1 May, 2025$180K round$9M valuation
Strategic8 Mar, 2025$5T roundSyndicated · 22 disclosed investors
Pre-Seed1 Jun, 2023$500B round
Infrastructure

Nirvana Labs lets users run blockchain workloads on a bare metal cloud and managed nodes, cutting operational overhead.

Seed12 May, 2025$6T round
Seed19 Jul, 2024$4T round
Pre-Seed15 Nov, 2023$1.2T roundSyndicated · 3 disclosed investors
NFTs

Renaiss Protocol is an onchain gacha and marketplace platform for collectible trading cards (Pokémon, One Piece, etc.), currently in open beta. It offers blockchain-verifiable card packs using Merkle proofs and zero-knowledge validation, alongside a marketplace for buying, selling, and making offers on graded collectible cards.

Unknown1 Jun, 2026$1.5M roundSyndicated · 9 disclosed investors
Finance

SteakHut Labs develops SteakHut, a decentralized liquidity-management and market-making platform for concentrated-liquidity AMMs. It provides automated liquidity vaults, permissionless strategy creation, liquidity incentives, analytics, and $STEAK/xSTEAK staking utilities for retail and institutional liquidity providers, strategy managers, and protocols.

Seed1 Nov, 2023Syndicated · 22 disclosed investors
tread.fi logo

tread.fi

crypto
Finance

tread.fi provides an algorithmic trading terminal for digital assets. It lets traders connect their own CEX and DEX accounts, execute trades with algorithms, and integrate with its trading engine through a REST API.

Pre-Seed1 Jul, 2024$3.5M roundSyndicated · 5 disclosed investors
Turtle logo

Turtle

crypto
Asset Management

Turtle is an onchain yield management platform that provides diligenced, aggregated, and personalized DeFi investment tools for capital allocators, as well as sourced capital and liquidity solutions for asset issuers and protocols.

Strategic1 Oct, 2025$5.5M roundSyndicated · 17 disclosed investors