VA

Varys Capital

VC
SingaporeWebsite
How to approach: cold outreach ok
Stage

Pre-Seed, Seed

Check Size

$200K – $1.0M

AUM

$75M

Portfolio

21+ companies

Team

4 partners

Investor activity
Last known investment: 2026Investments in last 12 months: 3

Investment Thesis

Focused on early-stage investments in crypto payment systems and decentralized tech infrastructure for payment processing.

Meet the Team

DS

David Sim

GP

Crypto
Blockchain
DA

Darius Askaripour

Managing Partner

Early-stage blockchain venture capital
Digital assets
Infrastructure
CeFi / DeFi
GameFi / Web3
Emerging tech
TD

Thomas Dunleavy, CFA, CAIA

Head of Venture

Seed / early-stage investing
Blockchain innovation
Digital finance
FinTech
DePIN
Decentralized AI
WS

Wojciech Szczygiel

Head of Trading

Quantitative trading
High-frequency strategies
Risk management
Market-making

Industry Focus

Invests In

Other

Does Not Invest In

Healthcare

Portfolio Companies (21)

2026

LU

Lulubit

Payments·Seed

"Discovered via firm_website (high confidence)"

Lulubit has built a fully licensed, bank-integrated crypto exchange across Panama, Guatemala, Costa Rica, and Honduras — with the Dominican Republic next. Think of it as the Coinbase for Central America, but purpose-built for the region's real financial needs: remittances, on/off ramps, stablecoin yield, and a MasterCard debit card (Lulucard) that lets users spend crypto anywhere.

2025

IN

Interval

Infrastructure·Seed

"Discovered via firm_website (high confidence)"

Interval is a purpose built L1 that powers the monetization and licensing of enterprise data through an embedded exchange for AI organizations and financial institutions to power market intelligence.

MO

Momentum

CeFi/DeFi·Seed

"Discovered via firm_website (high confidence)"

Inspired by Aerodrome's success and purpose-built to turbocharge Sui's growth, Momentum's ve(3,3) DEX will leverage the $500M total value locked (TVL) in Momentum's multi-signature liquidity layer to drive the next wave of DeFi innovation and user adoption.

2024

AR

Argument Computer Corporation

Infrastructure·Seed

"Discovered via firm_website (high confidence)"

Argument Computer Corporation is a minimal, powerful and performant zero-knowledge reduction-machine.

TR

TreadFi

Trade Enrichment & Tooling·Seed

"Discovered via firm_website (high confidence)"

Tread Labs is building a distributed trading infrastructure platform for institutional clients.

LE

LEVR

Emerging Vertical·Seed

"Discovered via firm_website (high confidence)"

LEVR is the first decentralized sports betting protocol that offers users leverage and liquid positions.

RE

Reya

CeFi/DeFi·Seed

"Discovered via firm_website (high confidence)"

Reya Chain eliminates privileged routing and opaque execution.

2023

NI

Nirvana Labs

AI/Computing·Seed

"Discovered via firm_website (high confidence)"

Nirvana Labs is a “Web3-native AWS” and node solutions provider.

BL

Bloxtel

DePIN·Seed

"Discovered via firm_website (high confidence)"

Bloxtel is developing a groundbreaking software layer between wireless networks and IoT devices.

SU

SunSpear

Consumer·Seed

"Discovered via firm_website (high confidence)"

SunSpear aims to rectify problems in traditional Web2 gaming, where players encounter toxic social environments, complex interfaces, and a lack of genuine asset ownership.

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