VA

Varys Capital

VC
SingaporeWebsite

Varys Capital is a Pre-Seed, Seed venture capital firm based in Singapore investing in Other. The firm typically writes $200K–$1.0M checks and has 21 portfolio companies in our records.

Check size
$200K–$1.0M
Portfolio
21 companies on record
Partners
4 listed
AUM
$75M
Stage
Pre-Seed, Seed
Sectors
Other
HQ
Singapore
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.

How Varys Capital invests

Varys Capital is a vc firm based in Singapore. The firm invests at the Pre-Seed, Seed stages, with a focus on Other. It does not invest in Healthcare.

Varys Capital typically writes checks of $200K–$1.0M per investment, backed by approximately $75M in assets under management.

Investing since at least 2018, Varys Capital has backed 21 companies in our records, including Lulubit, Interval, Momentum. Its most recent recorded investment was in 2026, with 3 investments logged over the last 12 months.

Partners & Team

DS

David Sim

GP

Crypto
Blockchain
WS

Wojciech Szczygiel

Head of Trading

Quantitative trading
High-frequency strategies
Risk management
Market-making
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

Industry Focus

Invests In

Other

Does Not Invest In

Healthcare

Portfolio Companies (21)

2026

LU

Lulubit

Payments·Seed

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

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

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

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

TR

TreadFi

Trade Enrichment & Tooling·Seed

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

LE

LEVR

Emerging Vertical·Seed

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

RE

Reya

CeFi/DeFi·Seed

Reya Chain eliminates privileged routing and opaque execution.

2023

NI

Nirvana Labs

AI/Computing·Seed

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

BL

Bloxtel

DePIN·Seed

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

SU

SunSpear

Consumer·Seed

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

How to pitch Varys Capital
  • Raising at Pre-Seed, Seed? You're squarely in their sweet spot.
  • Lead with your fit in Other — the sectors they actively back.
  • Size your ask to their typical $200K – $1.0M check.
  • cold outreach ok
  • Address your outreach to a specific partner, such as David Sim, GP.
  • A warm introduction beats a cold email. Get matched and request an intro.

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