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Raises
Variant Fund
Total Investments45
DeFi13
Infrastructure8
Web32
L22
Social Platform2
NFT2
Gaming2
Prediction Market1
Zero Knowledge Industry1
RWA1
AI1
L11
Wallet1
CeFi1
Scaling Solution1
Centralized Exchange1
Cybersecurity1
| Name | Round | Category | Description | Lead Investor | Chains | Other Investors | |||
|---|---|---|---|---|---|---|---|---|---|
| Morpho | 09 Jun 2026 | $175m | DeFi | Lending | Paradigm, a16z crypto, Ribbit Capital | VanEck, Apollo Global Management, Circle Ventures, Ledger Cathay Capital, Variant Fund, Wintermute Ventures, IOSG Ventures, HashKey Capital, SBI Group, BPI France, Mirana Ventures | |||
| Turnkey | 14 May 2026 | $12.5m | Strategic | Infrastructure | Turnkey is a wallet infrastructure platform that provides APIs for secure private key management. It enables developers to create wallets and sign transactions across chains with programmable permissions and policy controls | Circle Ventures, Archetype, Bain Capital Crypto, Lightspeed Faction, Galaxy Digital, Sequoia Capital, Variant Fund | |||
| Doppler | 28 Jan 2026 | $9m | Seed | DeFi | Doppler, a Uniswap-based liquidity bootstrapping protocol for improved price discovery, and Pure Markets, a DeFi front end built on top of it | Pantera Capital | Variant Fund, Figment Capital, Coinbase Ventures | ||
| Tenbin Labs | 27 Jan 2026 | $7.1m | Seed | RWA | Tenbin Labs is a tokenized asset protocol building institutional-grade commodities and FX markets using CME futures rather than custody-based wrappers. It offers real-time pricing, instant fee-free minting and redemption, and passes futures basis yield to token holders, starting with tokenized gold and later high-yield emerging-market FX tokens | Galaxy Digital | Wintermute Ventures, GSR, Archetype, Variant Fund, JPEG Trading, FalconX, Nascent, Reverie, Bankless Ventures, Primitive Ventures, Alpen, Fenbushi Capital, Uniswap Labs Ventures | ||
| Project Eleven | 14 Jan 2026 | $20m | Series A | Infrastructure | Project Eleven is an applied quantum computing lab focused on protecting blockchains and digital assets from quantum threats. It develops quantum-resilient cryptographic tools, including Yellowpages, which links existing Bitcoin addresses to post-quantum keys without requiring on-chain transactions | Castle Island Ventures | $120m | Coinbase Ventures, Lattice Fund, Variant Fund, Nascent, Quantonation, Balaji Srinivasan | |
| Cascade | 09 Dec 2025 | $15m | CeFi | Cascade is a neo-brokerage platform offering 24/7 access to perpetual markets for crypto, U.S. equities, and private assets through a unified margin account. It supports both fiat and stablecoin funding to combine traditional and digital asset markets in a single interface | Polychain Capital, Variant Fund, Coinbase Ventures, Archetype | ||||
| The Clearing Company | 27 Aug 2025 | $15m | Seed | Prediction Market | Union Square Ventures, Fred Wilson | Haun Ventures, Variant Fund, Coinbase Ventures, Rubik Ventures, Compound Ventures, Earl Grey Capital, Asylum Ventures | |||
| Remix | 10 Jul 2025 | $5m | Seed | Gaming | RemixGG is a web3 gaming platform that enables users to create, play, and share games seamlessly without complex coding, leveraging a social network-like experience to foster viral game distribution | Archetype Ventures | Coinbase Ventures, Variant Fund, Lemniscap, Crit Ventures, Planetarium Labs | ||
| Turnkey | 09 Jun 2025 | $30m | Series B | Infrastructure | Turnkey is a crypto infrastructure startup focused on providing secure, flexible, and scalable wallet infrastructure for cryptocurrency applications | Bain Capital Crypto | Sequoia Capital, Lightspeed Faction, Galaxy, Variant Fund, Wintermute Ventures | ||
| TrueX | 20 May 2025 | $11m | Series A | Centralized Exchange | TrueX is a non-custodial, stablecoin-native cryptocurrency exchange | Accomplice, PRE Ventures | Reciprocal Ventures, PayPal Ventures, Variant Fund | ||
| Pluralis Research | 19 Mar 2025 | $7.6m | AI | Pluralis is a decentralized AI protocol designed to facilitate collaborative training, ownership, and deployment of foundation models | Union Square Ventures, CoinFund | Variant Fund, Bodhi Ventures, Eden Block, Topology | |||
| Blockaid | 18 Feb 2025 | $50m | Series B | Cybersecurity | Blockaid is a Web3 cybersecurity company | Ribbit Capital | Google Ventures, Cyberstarts, Variant Fund | ||
| Whetstone Research | 11 Feb 2025 | $1.3m | Pre-Seed | DeFi | building the future of onchain markets | Variant Fund, Nascent, Credibly Neutral, Uniswap Labs Ventures, Ambush, Figment Capital | |||
| Reservoir | 05 Feb 2025 | $14m | Series A | Infrastructure | Reservoir is an open-source developer platform that provides powerful tools and APIs for building next-generation NFT products | Union Square Ventures | Variant Fund, Archetype, 1kx, Square Peg, Nascent, Delphi Digital, PTC Crypto, Coinbase Ventures, Spaceship DAO, The Lao, Framework Ventures, Sapphire Ventures | ||
| Phantom | 16 Jan 2025 | $150m | Series C | Wallet | The friendly crypto wallet built for DeFi & NFTs. | Sequoia Capital, Paradigm | $3b | a16z crypto, Variant Fund | |
| delta | 09 Oct 2024 | $11m | Infrastructure | delta - a network of networks with shared state | Variant Fund, DBA, Figment Capital, Maven 11, Reverie, Castle Island Ventures, Credibly Neutral, Ambush, Delphi Ventures, Robot Ventures, Public Works, komorebi, Ergodic Capital, Zero Knowledge | ||||
| Morpho Labs | 01 Aug 2024 | $50m | Strategic | DeFi | Lending | Ribbit Capital | a16z crypto, Coinbase Ventures, Variant Fund, Pantera Capital, Brevan Howard, BlockTower Capital, Kraken Ventures, Hack VC, IOSG, RockawayX, L1D, Mirana Ventures, Cherry Crypto, Semantic, Fenbushi Capital, LeadBlock Partners, Robot Ventures | ||
| Farcaster | 21 May 2024 | $150m | Social Platform | decentralized social network | Paradigm | $1b | a16z crypto, Haun Ventures, USV, Variant Fund, Standard Crypto | ||
| Kiosk | 02 May 2024 | $10m | Seed | Social Platform | Farcaster client merging social and blockchain | Electric Capital | a16z crypto, USV, Variant Fund | ||
| Turnkey | 23 Apr 2024 | $15m | Series A | Infrastructure | secure, flexible, and scalable wallet infrastructure | Faction, Galaxy | Sequoia Capital, Coinbase Ventures, Alchemy, Figment Capital, Mirana Ventures, Anagram, TrueBridge, Asymmetric, Variant Fund, Gemini | ||
| BottoDAO | 22 Mar 2024 | $1.67m | OTC | NFT | decentralized, autonomous artist governed by the people | 1kx, Collab+Currency, Variant Fund | |||
| Delegate Labs | 01 Feb 2024 | $9m | Web3 | Delegate is building a cross-chain name service protocol named Clusters | Arrington XRP Capital | Electric Capital, Variant Fund | |||
| Clusters | 01 Feb 2024 | $9m | Seed | Omnichain naming service protocol | Electric Capital, Arca, Variant Fund, Collab+Currency, Arrington XRP Capital, Bloccelerate, Palm Tree Crew, Mask Network, Coinbase Ventures, Polygon Ventures, MetaStreet |