Profile
Variant is a venture capital firm based in New York, founded in 2020. The firm focuses on investing in technology that expands user autonomy, particularly in new markets, infrastructure, and applications. With a team of five professionals, Variant operates at the forefront of legally, technically, and culturally contested areas in technology, emphasizing permissionless markets and software.
Variant invests primarily in the cryptocurrency and internet sectors, targeting early-stage companies and supporting them as they mature into growth stages. The firm typically writes checks ranging from $250K to $750K and has a total AUM of $132 million across its funds, including Variant Fund I and Variant Fund II. Their investment strategy includes a combination of venture capital and active liquid token trading, along with structured founder programs and onchain policy guidance.
Notable investments by Variant include Plastic Labs - business/productivity software, Morpho - other financial services, Turnkey - financial software, Swoop - other retail, and OpenFX - financial software. These investments reflect Variant's commitment to supporting companies that enhance user ownership and agency in the digital economy.
Industry
Variant Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Variant Fund I
|
Venture Capital (VC)
|
Blockchain/Crypto
AI
Technology
Web3
|
Pre-seed
Seed
|
North America
Europe
Asia
|
$5-10 m
|
$22 M
|
August 2020
|
|
Variant Fund II
|
Venture Capital (VC)
|
Blockchain/Crypto
AI
Technology
Web3
|
Seed
Series A
|
North America
Europe
Asia
|
$5-10 m
|
$110 M
|
October 2021
|
Contacts
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