Variational
Peer-to-peer trading for perpetuals and generalized derivatives
Variational was founded in 2021, is headquartered in George Town, United States, lists 11–50 employees, and has $70.6M in recorded funding across 3 rounds.
- Headquarters
- George Town
- Employees
- 11–50
- Founded
- 2021
- Business Model
- Marketplace
- Website
- variational.io
- Total Funding
- $70.6M
- Last Round
- $50.0M Series AMay 2026
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 3 funding rounds and 6 investors for this company. The full record is or through the API.
About
Variational is a peer-to-peer trading protocol for perpetuals and generalized derivatives across crypto, equities, commodities, and forex. The protocol uses a request-for-quote model enabling fully customizable on-chain derivatives with zero trading fees. Backed by Peak XV, Bain Capital Crypto, Dragonfly, and Coinbase Ventures.
Summary
Variational is a Crypto & Web3 company based in George Town, United States, founded in 2021. It lists 11–50 employees. It has raised $70.6M in total across 3 rounds, most recently a $50.0M Series A round in May 2026. Investors include Bain Capital Crypto, Dragonfly Capital and Peak XV Partners.
Tech & App Stack
7 technologies & apps tracked
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Funding History
May 2026
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Funding: Seed through Series A. Amounts, valuations, and investors where available.
Investors
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