Stage FocusSeed, Series A
GeographyUS, Global
TypeVC
Last Activity2025
Industry Focus
Industries
Crypto / Web3
Technical BenchStrong
Investor TypeDeepTech Purist
ExposureMostly DeepTech Investments
Bio
Variant was founded in 2020 by Jesse Walden after his tenure as a partner at a16z crypto, and the fundraising trajectory shows rapid scaling: Fund I at $22.5M, Fund II at $110M, Fund III at $450M (split $150M seed plus $300M opportunity fund), with Fund IV targeting $250M as of September 2025. The portfolio is a roster of crypto's most important companies: Uniswap, Phantom, World (formerly Worldco...
Notable Investments
U
UniswapP
PhantomF
FarcasterF
FlashbotsSimilar Funds
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