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The Venture Codex

Varys Capital

555 Madison Ave Fl 5, New York City, NY, 10022, United States

Overview

Varys Capital is a total return fund providing secure access to the digital asset class through its dual approach to investment returns in venture capital.

Total investments
6
Lead investments
1
Investments · 12mo
2
Active investors
0

Sector focus

  • Financial Services
  • Venture Capital
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Investment portfolio

  • Polysights

    Participated · Seed · Jun 2026

    Polysights is an AI-powered platform that gives users and institutions tools for wallet clustering, anomaly detection, and strategy analysis across prediction markets. It combines over 30 custom metrics, advanced filtering, AI market summaries, and real-time news feeds to help users identify market trends and trading opportunities. One of its flagship tools is an Insider Finder, which flags potential insiders on Polymarket with direct knowledge of events before they're publicly announced — a signal that followers have used to mirror trades. The company was founded by Tre Upshaw, a 29-year-old former memecoin trader from Canada, and has amassed 24,000 users. Polysights raised a pre-seed SAFE funding round backed by YZi Labs, Maven11, Varys Capital, Contribution Capital, and Edge Ventures, with the round totaling $1.5 million. The platform also has backing from Polymarket, Predict.fun, and Underdog Fantasy. The team graduated from YZi Labs' EASY Residency Season 3 incubator.

  • Turtle Club

    Participated · Equity · Oct 2025

    Turtle has built a liquidity distribution protocol that curates opportunities, consolidates liquidity, and routes it to DeFi partners via a data-driven coordination layer. The platform currently serves an expanding network, linking more than 358,000 wallets and routing over $5.5 billion in liquidity. To date, the company has generated more than $6 million in revenue, illustrating the sustainability of its model compared with short-term incentive schemes. Led by CEO Essi Lagevardi, Turtle is now focusing on accelerating the rollout of its Earn infrastructure, enlarging its engineering team, and deepening multi-chain integrations. The recent capital injection lifts its total external funding to $11.7 million. These resources are intended to fuel further product development and ecosystem expansion across multiple blockchains.

  • tread.fi

    Participated · Seed · Jul 2024

    Tread.fi provides high-performance algorithmic trading infrastructure aimed at institutional digital asset firms. Led by CEO David Jeong, the platform offers advanced execution algorithms, low-latency direct market access, comprehensive transaction cost analysis, and portfolio management tools. It also includes a proprietary multi-party, peer-to-peer internal crossing engine that nets active trades to reduce overall trading costs, leaving only residual imbalances to be executed through external liquidity sources. The company targets efficiency and cost reduction in institutional digital-asset trading workflows. Tread.fi recently completed a financing that expands its early-stage runway and product development focus. The business is based in New York City.

  • Blueberry Protocol

    Participated · Series A · Jun 2024

    Blueberry Protocol is a decentralized prime brokerage platform that enables users to create leveraged strategies with specific risk parameters to maximize capital efficiency. It provides decentralized access to generalized leverage for DeFi on Ethereum, offering higher leverage and advanced risk management compared with traditional prime brokerages. Blueberry integrates transparent risk-management tools with a sophisticated leverage framework to expand accessibility, boost capital efficiency, and improve profitability for a wide variety of DeFi users. The first protocol connected to Blueberry is Bloom, which introduces permissionless RWA yields (TBYs) with natively yielding returns. The system was built by Composable Corps, whose leadership has experience at Zero1 Capital, Huobi, Tesseract, Credit Suisse, Kruse Western Group, and early Bitcoin. Blueberry is led by CEO Jonathan Thomas and recently raised $2.5M in Series A funding to support team expansion and an increased security budget.

  • Movement Labs

    Led · Seed · Sep 2023

    Movement Labs is a San Francisco-based blockchain development team that combines modular elements to create a more secure and performant Ethereum ecosystem. The company is building Movement Zero-Knowledge Layer 2, a parallelized execution environment that targets 30,000+ transactions per second while using Ethereum for settlement. Movement’s Move-EVM uses a fully EVM-compatible bytecode interpreter to enable Move and Solidity developers to deploy code that is fully verified at runtime, preventing attack vectors like reentrancy. The team calls this an "Integrated Approach," combining shared sequencing, embedded formal verification provers, alternative data availability, and Ethereum settlement to enhance security and performance. Movement Labs will also introduce Move Stack, an execution layer framework compatible with rollup frameworks from Optimism, Polygon, and Arbitrum. The company raised $38M in Series A funding to bring Facebook’s Move Virtual Machine to Ethereum and further develop its stack. Movement Labs develops tooling and infrastructure around the Move smart contract language, including the Movement SDK that aims to deliver secure, high-performance Move environments to existing blockchain networks. Its first major SDK tool, M1, is a modular, horizontally scalable, and vertically composable blockchain that bootstraps ecosystem, liquidity, validator set, and EVM tooling by living within the Avalanche consensus. M1 is built on the Avalanche Subnet stack and is described as community-first, with transparent tokenomics and low staking requirements to encourage decentralization. The company emphasizes native protections in Move against common attack vectors like reentrancy and seeks to let developers use alternative virtual machines without extensive bridging or multiple wallets. Movement Labs plans to grow adoption and development of Move through its SDK and blockchain offerings. The company recently raised funding to support these product and adoption efforts.

Team

No current team members are available.