Variant

Portfolio companies

Variant is on record against 47 companies.

Aleo Aptos Artemis Augustus Aztec Network Blackbird Blockaid Botto Cascade Cozy Finance Delta Derive DIMO Flashbots Hyperbolic Hyperlane Infinia Levl Magic Eden Melee MetaDAO Morpho Motion OpenFX Phantom Physical Superintelligence Plastic Labs Pluralis Research Project Eleven Pye Relay Remix Rialo Sapien Satflow Scroll Swoop Takenos The Clearing Company True Markets Turnkey Uniswap Whetstone Research World ZkCloud ZKsync Zora
Fund vehicles on file

Variant has one venture fund vehicle on file with the SEC, run from New York, New York, first sale in 2025. Together they have taken in $221,164,750 from 55 investor positions, most recently on September 9, 2025. One vehicle is still showing room to take more.

Vehicles11 still open
Closed$221.2M$221,164,750
Target$250M$250,000,000
Since last close366dSeptember 9, 2025
Vehicle Vintage Target Closed Remaining First sale Days Min check LPs Status
Variant Fund IV, L.P.
Limited Partnership · Delaware-organised
 2025 $250M $221.2M $28.8M September 9, 2025 366 — 55 open amended
Stage focus
seedearly
Investment focus

This thesis invests at the early seed stage, focusing on user-ownership decentralized networks within the crypto sector. It has no stated geographic restrictions, operating globally.

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