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Varys Capital operates as an investment firm specializing in digital assets, offering a total return fund. The firm provides secure access to the complex digital asset class through a dual approach that encompasses both venture capital investments and quantitative trading strategies. It focuses on supporting early-stage companies that are developing foundational infrastructure across various sectors, including finance, deep technology, and consumer applications within the blockchain ecosystem.
Darius Askaripour founded Varys Capital in 2018, recognizing the unique capital requirements and growth potential within the emerging blockchain industry. Askaripour established the firm with the insight that traditional venture capital models needed adaptation to effectively foster and capitalize on the innovation occurring in decentralized technologies and digital assets. This led to the creation of a specialized vehicle designed to navigate and invest in this evolving landscape.
The firm serves qualified individual and institutional investors seeking exposure to alternative assets. Varys Capital aims to be a reputable source for information, education, and training, establishing itself as a driving force within the broader digital asset community. Its long-term vision involves continuously researching and interpreting the global digital asset market to capitalize on opportunities and provide secure, intelligent access to this transformative asset class.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 27, 2025 | Turtle Club | $5.5M Other Equity | — | Amber, Anchorage, Bitscale Capital, coinIX, FalconX, Fasanara Capital, Flowdesk, Gami Capital, GSR, JPEG, NRD Capital, Reflexive Capital, Relayer Capital, SNZ, Theia Ventures, Tower 18 Capital, Trident Digital, Wise3 Ventures |
| Sep 1, 2023 | Movement Labs | $3.0M Seed | Borderless Capital, Blizzard, George Lambeth, Varys Capital | Collider Ventures, Divergence Ventures, Hack VC, Polygon, Team8, Tomahawk.VC, Alex Pack, Balaji Srinivasan, Nimrod Lehavi, Anurag Arjun, Calvin Liu, CoinFlipCanada, Smokey The Bera, Benqi Finance, Colony, Elixir Capital, Interop Ventures |
| Sep 12, 2022 | Forward | $5.0M Seed | RPVAF-1 | Beacon Venture Capital, GBV Capital, KXVC, Ratanakorn Technology Group |