Investor Details
Variant Fund
Basic Info
VC Type:Crypto-Native Fund
Founded:2019
Description: Variant is an early stage venture capital firm investing in crypto networks and platforms that build ownership economies.
ROI
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Industry Preference
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Portfolio Count
31
Lead Investments
4
Portfolio
Name Rounds Amount Raised Date Valuation tokens Introduction
Pluralis Research
Seed Round
$7.6M
2025/03/19
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Pluralis AI is a blockchain protocol focusing on decentralized training and ownership management of basic models. It realizes collaborative construction and equity sharing of AI models through smart contract technology. The protocol focuses on building a multi-partner AI development paradigm, innovatively uses tokenization mechanisms and on-chain governance, so that contributors can quantitatively participate in model construction and confirm rights to digital assets, and ultimately form an open and transparent distributed artificial intelligence value network.
Alluvial
Strategic Round
$4.3M
2024/11/19
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Alluvial is an enterprise-level liquid staking protocol that allows token holders to receive rewards from the digital assets they pledged while ensuring that their digital assets are freely traded and used in other DeFi applications. Alluvial's API integration enables digital asset exchanges, custodians and other businesses to easily and efficiently integrate Liquid Collective's liquid staking capabilities into their existing product experiences.
Morpho
MORPHO
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$50M
2024/08/01
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MORPHO
Morpho is a lending protocol that combines the current liquidity pool model used in Compound or AAVE with the capital efficiency of the P2P matching engine used in the order book. Morpho-Compound improves Compound by providing the same user experience, the same liquidity and the same liquidation parameters, but improves APY due to point-to-point matching.
Turnkey
Series A
$15M
2024/04/23
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Turnkey is a private key infrastructure built specifically for cryptocurrency developers. It enables developers to dynamically generate thousands of wallets using a simple API and sign tens of thousands of transactions on any chain, with flexible, programmable permissions to ensure they sign only what they want.
Blackbird
Series A
$24M
2023/10/04
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Blackbird is a Web3 loyalty and payments company focused on leveraging the relationship connection between restaurants and guests, providing restaurants with a fully customizable loyalty programming platform and consumer applications. The Blackbird app acts as a user's wallet where users can manage their membership, view $FLY balances, monitor recent events and send messages to restaurants.
Alluvial
Series A
$12M
2023/07/11
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Alluvial is an enterprise-level liquid staking protocol that allows token holders to receive rewards from the digital assets they pledged while ensuring that their digital assets are freely traded and used in other DeFi applications. Alluvial's API integration enables digital asset exchanges, custodians and other businesses to easily and efficiently integrate Liquid Collective's liquid staking capabilities into their existing product experiences.
Lens Protocol
Seed Round
$15M
2023/06/08
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Lens Protocol is a decentralized open social graph that any application can plug in. It aims to enable creators to have links between themselves and their communities, forming a fully composable, user-owned social map. The protocol is built from scratch with modularity in mind, allowing new features and fixes to be added while ensuring that user-owned content and social relationships are immutable.
Turnkey
Seed Round
$7.5M
2023/03/21
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Turnkey is a private key infrastructure built specifically for cryptocurrency developers. It enables developers to dynamically generate thousands of wallets using a simple API and sign tens of thousands of transactions on any chain, with flexible, programmable permissions to ensure they sign only what they want.
Aztec Network
Series B
$100M
2022/12/15
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Aztec Network is a privacy ZK-rollup on Ethereum that enables decentralized applications to access privacy and extensions. Aztec's summary is protected by the industry-standard PLONK proof mechanism used by leading zero-knowledge extension projects.
zkSync
ZK
Series C
$200M
2022/11/16
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ZK
zkSync is a layer 2 scaling solution developed by Matter Labs, which preserves the security attributes of the underlying blockchain by leveraging the latest generation of concise zero-knowledge proofs. All funds in zkSync are held by smart contracts on the main chain, while computation and storage are executed off-chain. For each Rollup block, a state transition zero-knowledge proof (SNARK) is generated and verified by the main chain contract. This SNARK includes proof of validity for each transaction in the Rollup block.
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