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Varrock Ventures is a venture capital firm dedicated to investing in pre-seed and seed-stage crypto founders. It provides capital ranging from $600,000 to $900,000 to support the earliest development phases of promising projects within the cryptocurrency ecosystem, specifically targeting innovative solutions and entrepreneurs in this specialized domain.
The firm was founded by Richard Chen, who brought extensive experience from his prior roles as a General Partner at 1confirmation and as a co-founder and General Partner at Everywhere Ventures. His deep understanding of the evolving crypto landscape and a clear vision for identifying and backing foundational talent in the space served as the impetus for establishing Varrock Ventures.
Varrock Ventures primarily serves nascent crypto projects and their founding teams in need of initial capital and strategic guidance to bring their concepts to fruition. The company's long-term vision centers on fostering the development and scaling of the next generation of decentralized technologies and applications, thereby contributing significantly to the broader advancement and maturation of the blockchain and cryptocurrency industries.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 1, 2026 | Eureka Labs | $7.0M Seed | Spark Capital, Collider Ventures, Avishay Ovadia | Scott Keto, ATKA, Masterkey, Node Capital, Reverie, Synergis Capital, very early Ventures |
| Aug 1, 2025 | Irys | $10.0M Series A | CoinFund | Good Growth Capital, Amber Group, Breed VC, Echo Group, Hypersphere Ventures, Tykhe Block Ventures, WAGMI Ventures |