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Varrock Ventures is a venture capital firm founded by Richard Chen, dedicated to supporting early-stage cryptocurrency founders. Established in 2025, the firm is based in Plano, Texas, and operates with a maiden fund size of $30 million. Varrock focuses on pre-seed and seed stage investments, aiming to provide not only capital but also strategic insights and connections within the cryptocurrency ecosystem.
The firm has a concentrated investment strategy, planning to make approximately six new investments each year. Varrock's approach is generalist within the cryptocurrency sector, allowing it to adapt to various opportunities in this rapidly evolving market. The firm is backed by large institutions and family offices, which enhances its ability to support portfolio companies effectively.
Varrock Ventures invests between $600,000 and $900,000 in pre-seed and seed stage companies specifically within the cryptocurrency sector. The firm seeks to back crypto-native teams that are developing infrastructure, protocols, data products, and onchain applications. This focus ensures that portfolio companies have the necessary resources and support to thrive in a competitive landscape.
Varrock's investment strategy emphasizes early ownership in promising crypto founders, allowing the firm to secure meaningful stakes in high-upside blockchain businesses. The firm values teams that demonstrate innovation and potential for growth, particularly in areas such as data infrastructure and decentralized applications. By providing capital and strategic guidance, Varrock aims to help founders navigate the complexities of building successful ventures in the cryptocurrency space.
Varrock Ventures has made several notable investments in the cryptocurrency sector, including:
These investments reflect Varrock's commitment to supporting innovative projects within the cryptocurrency infrastructure space, positioning the firm as a key player in the early-stage funding landscape.
Richard Chen (Founder) — Richard Chen is the founder of Varrock Ventures and has a background in blockchain technology and cryptocurrency investments. He has been involved in various projects within the crypto space, focusing on onchain data and decentralized finance (DeFi). His expertise positions Varrock as a knowledgeable player in the early-stage funding landscape.
To pitch Varrock Ventures, founders should use the email address richard@varrock.vc. It is essential to include a comprehensive pitch deck that outlines the business model, market opportunity, and team qualifications. Varrock prefers detailed presentations that highlight the unique aspects of the startup and its potential for growth.
Founders can expect a response within a few weeks, and it is advisable to seek a warm introduction if possible, as this can enhance the chances of receiving a timely review.
In February 2025, Varrock Ventures raised a $30 million maiden fund, as reported by VCWire. This fund is dedicated to supporting early-stage cryptocurrency founders and reflects the firm's commitment to investing in the evolving crypto landscape.
In August 2025, Varrock participated in Irys's $10 million Series A funding round, signaling its active involvement in the cryptocurrency infrastructure sector.
What are Varrock Ventures' investment criteria?
Varrock Ventures focuses on pre-seed and seed stage investments in the cryptocurrency sector. The firm looks for crypto-native teams developing infrastructure, protocols, data products, and onchain applications. Investments typically range from $600,000 to $900,000.
How can I pitch Varrock Ventures?
Founders can pitch Varrock Ventures by reaching out via email at richard@varrock.vc. It is recommended to include a detailed pitch deck that outlines the business model, market opportunity, and team background.
What makes Varrock Ventures different from other investors?
Varrock Ventures differentiates itself by focusing exclusively on the cryptocurrency sector and providing not just capital but also strategic guidance and industry connections. The firm aims to support founders in navigating the complexities of the crypto landscape.
What is the geographic focus of Varrock Ventures?
Varrock Ventures primarily invests in companies based in the United States, particularly those located in the cryptocurrency sector.
What is the expected response time for pitches?
While specific response times may vary, founders can generally expect to hear back within a few weeks after submitting their pitch to Varrock Ventures.
Does Varrock Ventures participate in follow-on investments?
Varrock Ventures is open to participating in follow-on investments, particularly for portfolio companies that demonstrate strong growth and potential for further development.
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