Varys Capital Ventures is nearing completion of its first
investment round, led by Sheikh Nayef Bin
Eid Al Thani and participation by Aquanow Ventures
NEW
YORK, July 29, 2024 /PRNewswire-PRWeb/ -- As of
July 2024, Varys Capital, an
early-stage venture capital firm, has strategically deployed
capital into multiple tier 1 investments, mostly entering pre-seed
and seed rounds, all in the form of equity. Some investments are
accompanied by a token warrant, which offers additional liquidity
flexibility and an equity hedge.
As demand builds for blockchain-enabled
company exposure, progressive ADGM registered fund Varys Capital
attracts the interest of Middle Eastern royals
Notable investments include Movement Labs, Nirvana Labs, and
Tread.Fi. Since its inception, Varys Capital's portfolio has
experienced substantial growth, producing a 15.8x TVPI and an IRR
of 585%.
Earlier in the year, Varys Capital partnered with
FSRA-registered FundRock Investment Management Services (ME) Ltd.
to establish a UAE feeder fund in Abu
Dhabi within ADGM.
Varys Capital's Managing Partner Darius Askaripour states:
"Amassing a portfolio of high-performing companies requires
tenacious effort and a disciplined process for sourcing capable
founders addressing real market needs. We're honored to have MBS
Investments, representing the interests of Sheikh Nayef Bin Eid Al Thani, serve as our lead
investor as our operational focus moves toward a region positioned
for substantial growth."
MBS Investments, representing Qatari Royal, Sheikh Nayef Bin Eid Al Thani, entered the fund as the
lead investor. The ruling royal family's collective net worth is
estimated at $335 billion. With a
passion for investing in high-potential business opportunities,
Sheikh Nayef Bin Eid Al Thani
established his private office to create strategic partnerships
with innovative companies in various verticals, including
healthcare, fintech, real estate, oil and natural gas, and
education. The private office aims to identify and capture
potential business opportunities in the region and to promote an
open, inclusive culture within the organization.
"With the increased demand for structured digital asset products
such as Bitcoin and Ethereum ETFs,
traditionally conservative family offices are broadening their
mandates to gain portfolio exposure to blockchain offerings.
Progressive funds such as Varys Capital tick all the boxes but do
so within a carefully constructed framework, allowing
professionally managed outfits to greatly reduce the risk involved
in such a nascent investment vehicle", states Nadeem Hussain, MBS Investment's CEO.
Some unique features of the recent product offering are, but not
limited to:
- An investment thesis focused on companies with a viable market
product fit and a clear path to acquisition, focused on
blockchain-enabled solutions that bridge the gamut into traditional
industries exhibiting strong growth potential
- Quantitative capacity to execute trades of liquid positions,
creating a robust profit layer
- In-cycle LP distributions as exits are crystalized, allowing
for strategic de-risking
- Liquidity provisioning mandate adding another alpha generation
center to the fund
- Established geographic hubs in New
York City, Dubai, and Bangkok
Darrach Campbell, Varys Capital's
Head of Middle Eastern Affairs, adds, "What separates Varys Capital
from other VCs in the space is our robust quantitative capacity,
"boots on the ground" approach to sourcing unique deal flow at the
earliest stages, and vast global network of strategic
partners."
Aquanow is a leading digital assets infrastructure provider
trusted by over 300 firms globally and facilitates billions of
dollars of trade volume each month for a broad range of use cases.
Aquanow Ventures, managed by AQN Digital, is the company's
early-stage crypto venture fund.
Michael Kwok, CIO of Aquanow
Ventures, comments, "Varys Capital's team originating from
traditional markets brings a level of maturity and elegant
sophistication to the market, which made it a simple decision,
albeit a strategic one, to support this fund and further enhance
our fruitful working relationship."
Varys Capital will close its $75
million raise through two subsequent rounds and will deploy
heavily throughout the MENA region, a market experiencing meteoric
growth.
Media Contact
Darrach Campbell, Varys Capital,
971 052-739-2760, Darrach@varys.capital ,
https://varys.capital
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content:https://www.prweb.com/releases/mbs-investments-representing-qatari-royal-sheikh-nayef-bin-eid-al-thani-enter-varys-capital-ventures-as-the-lead-investor-302208242.html
SOURCE Varys Capital