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Variant

New York, New York · Invests in US; Europe · Website

Thesis

Crypto can enable billions of internet users to become owners—of their money, identity, and the products and networks they use every day. We invest in decentralized protocols, infrastructure, and applications that advance true user ownership.

Likely not a fit for

Pure meme tokens, gambling-only projects, and teams unwilling to engage with regulatory considerations

How they invest

Lead or follow
Usually leads
Typical decision
~1 week
Warm intro
Not required
Involvement
Advisor
Fund status
Actively deploying
Decision process
Partnership vote

Partners & team

10 contacts on file

JW

Jesse Walden

General PartnerFounder and Managing Partner · Primary contact

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j•••@va•••.fund

LinkedIn profile

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EF

Elijah Fox

PartnerInvestment Partner

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e•••@va•••.fund

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CS

Caleb Shough

Platform & OpsCFO/COO

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JC

Jake Chervinsky

Platform & OpsChief Legal Officer

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j•••@va•••.fund

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DB

Daniel Barabander

Platform & OpsGeneral Counsel & Investment Partner

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d•••@va•••.fund

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AL

Alana Levin

PartnerInvestment Partner

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a•••@va•••.fund

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JG

Jack Gorman

InvestorData Scientist & Investor

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j•••@va•••.fund

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JL

Jack Longarzo

PartnerInvestment Partner

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CS

Caleb Shack

PartnerInvestment Partner

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c•••@va•••.fund

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NS

Nina Suthers

Platform & OpsChief Marketing Officer

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n•••@va•••.fund

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Portfolio

UniswapFintech Payments

Uniswap is a decentralized protocol that enables peer-to-peer trading of digital assets using Automated Market Makers (AMMs), allowing users to swap tokens, lend, borrow, and build in a decentralized finance (DeFi) ecosystem.

PhantomFintech Payments

Phantom is a digital wallet and platform for managing cryptocurrencies, providing features like transaction previews, security against scams, and support for various tokens.

FlashbotsDeveloper Tools Infra

Flashbots is a research and development organization formed to mitigate the negative externalities posed by Maximal Extractable Value (MEV) to stateful blockchains, starting with Ethereum.

FarcasterConsumer Apps Social

Farcaster is the best place to find new people, projects and ideas in crypto. It's a social network and crypto wallet reimagined.

Magic EdenGaming

Magic Eden is a leading NFT marketplace that is redefining the crypto entertainment ecosystem by uniting collectibles, games, and digital experiences. The platform offers a suite of products including a cross-chain wallet and advanced trading tools.

MorphoFintech Payments

Morpho is an open, efficient, and resilient platform that allows anyone to earn yield and borrow assets. It enables developers or businesses to create markets, curate vaults, and build a range of applications on its flexible, permissionless infrastructure.

WorldFintech Payments

World is the real human network, providing identity, finance, and community to every human through its innovative tools and infrastructure designed for the Age of AI.

Zora ProtocolGaming

Zora Protocol is a decentralized platform that enables the creation and management of NFTs and other digital assets through a composable and permissionless architecture, known as Hyperstructures.

AptosDeveloper Tools Infra

Aptos is a blockchain platform that enables developers to build decentralized applications (dApps) using smart contracts. It focuses on providing a secure and scalable environment for token standards and multi-signature wallets.

Polygon

Polygon is a leading blockchain platform designed for payments, offering a suite of solutions that enhance cross-chain interoperability and streamline transactions. With a focus on lower-cost, efficient payment rails, Polygon integrates stablecoins and supports a variety of on-chain assets, making it a go-to choice for developers and users alike.

BlockaidSecurity Cyber

Blockaid is the onchain security platform for monitoring, detecting, and responding to onchain and offchain threats, providing comprehensive security solutions for Web3 projects.

LensEnterprise Software

Lens is a high-performance blockchain L2 network empowering decentralized consumer experiences, focusing on SocialFi applications that integrate social features into diverse applications.

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Research briefRead more
Variant Fund Research Investment Thesis Variant is an early-stage cryptocurrency and Web3 investment fund focused on building "an internet that turns users into owners." Since their founding in 2020, Variant has become a leading voice in crypto investing, combining early-stage capital deployment with thought leadership on decentralized networks, user ownership models, and onchain infrastructure. T

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