Variant Fund

variant.fund

Blog

Overview

𝕏 Statistics

Significant Events

Details

Variant is an early-stage venture firm investing in crypto networks and platforms that are building the Ownership Economy.

Category:

Crypto-Native Fund

Founded: 2019

Location: United States

Team

Jesse Walden

Founder, General Partner

Jake Chervinsky

Chief Legal Officer

Derek Walkush

Investment Research Partner

Alana Levin

Venture Partner

Geoff Hamilton

Investment Partner

Cooper Kunz

Investment Partner

Daniel Barabander

General Counsel and Investment Partner

Nina Suthers

Chief Marketing Officer

Caleb Shough

CFO/COO

Jack Gorman

Data scientist

Investment Map

Investment Size

Investments

Euler Finance

Decentralized lending-borrowing protocol

Worldcoin

Inclusive cryptocurrency network

Lens Protocol

The Social Layer of Web3

Aptos

Scalable layer 1 blockchain

Morpho

Decentralized lending-borrowing protocol

zkSync

A scaling and privacy engine for Ethereum

Uniswap

Decentralized trading protocol

Magic Eden

Cross-chain NFT market

Polygon

Decentralised Ethereum scaling platform

Hyperlane

Cross-chain messaging protocol

Phantom

Solana wallet built for DeFi & NFTs

Farcaster

Decentralized social network

Mirror

Create and collect the best writing in Web3

Acquired

DIMO

Hardware Internet of Things (IoT) Platforms

Recall

Decentralized Verifiable AI agents Platform

Aztec Network

Ethereum Privacy Extension Layer

Zora

On-chain social network

Syndicate

Decentralized investment protocol and social network

Aleo

Platform for private applications

Goldfinch

Decentralized credit protocol

Braintrust

Decentralized Talent Network

Turnkey

Private key infrastructure for Web3 builders

Blackbird

Web3 loyalty and payments company

Blockaid

Web3 security firm

Hyperbolic Labs

The Open-Access AI Cloud

ZkCloud

Universal proving layer for ZK

KGeN

P.O.G. (Proof of Gamer) Engine

Alluvial

Enterprise-grade liquid staking protocols

Sapien

A two-sided marketplace for dataset labelling

Rumpel

Turn Points into Profit

BottoDAO

Decentralized, autonomous artist governed by the people

Friends With Benefits

DAO of cultural creators, thinkers, and builders

Perennial

Decentralized derivatives protocol

Gearbox

Composable leverage protocol

Pragma Network

ZK rollup-native oracle

Reflexer

An anti-inflation protocol

Coordinape

A platform for DAOs to distribute resources to contributors

Rialo

The real-world blockchain

Subzero Labs

Blockchain infrastructure development

Project Eleven

Quantum-resistant computing solution

True Markets

Non-custodial, stablecoin-native exchange

Plastic Labs

Solving personal identity for the agentic world

Pluralis Research

Decentralized AI model platform

Whetstone

On-chain market development team

Reservoir

Token trading infrastructure provider

Boardroom

The DAO discovery and governance platform

Acquired

delta

A network of networks with shared state

Satflow

Bitcoin DeFi infrastructure

Farworld

Web3 mobile gaming ecosystem

Zeal

Self-custody crypto wallet

Kiosk

Farcaster client

Clusters

Multi-chain name servic

Shibuya

Blockchain-based film platform

Koop

Helps creators and communities launch NFT-based membership passes to raise funds

DRAUP

A platform redefining Digital Fashion

PleasrDAO

A DAO that collects NFT works

Context

Watching wallets of friends, influencers, DAOs, and celebrities

Oncyber

World-building engine for web3D

FingerprintsDAO

Championing blockchain art

Catalog

NFT marketplace built specifically for the music industry

Union Finance

A credit protocol built on Ethereum

Cozy Finance

DeFi Risk Management Protocol

Foundation

NFT marketplace

The Clearing Company

On-chain forecast market

Remix

Combining AI and mobile gaming platform

Scroll

A native zkEVM Layer 2 Solution for Ethereum

Fei Protocol

An anti-inflation protocol

Sound.xyz

Music NFT platform

Tessera

Buy, sell and mint fractions of NFTs

Yield Protocol

Decentralized Lending Protocol

GRO Protocol

Stablecoin yield aggregator

Modulus

Bring AI on-chain using zkps

Bonfire

Powerful tools to engage your web3 community

NiftyApes

NFT-collateralized lending and borrowing protocol

Entropy

Decentralized self-custody solution

Formfunction

The digital art marketplace for Solana

Burrata

Public-good infrastructure for developers

Sense Finance

Fixed income permissionless infrastructure

Verto

Decentralized trading protocol built on top of Arweave

Name	Round	Amount	Valuation	Date
The Clearing Company	Seed	$ 15 M	--	Aug 28
Rialo	Seed	$ 20 M	--	Aug 02
Remix	Seed	$ 5 M	--	Jul 10

Investment Overview

Rounds in the past year

16

Total rounds

83

Portfolio Numbers

79

Lead Investment

25

Cooperations

Coinbase Ventures

23 Rounds

Andreessen Horowitz

20 Rounds

Robot Ventures

15 Rounds

Nascent

12 Rounds

Paradigm

11 Rounds

USV

11 Rounds