How much funding has Variational raised?

Variational has raised $70.6M in total funding, most recently a Venture Round.

Who are Variational's investors?

Variational's investors include Dragonfly Capital, Bain Capital Crypto, Peak XV Partners, Coinbase Ventures, North Island Ventures, Hack VC.

When was Variational founded?

Variational was founded in 2021.

Where is Variational headquartered?

Variational is headquartered in George Town, United States.

What industry is Variational in?

Variational operates in Crypto & Web3, DeFi.

How many employees does Variational have?

Variational has 11-50 employees.

Variational

Peer-to-peer trading for perpetuals and generalized derivatives

George Town, United States · Founded 2021 · $70.6M raised

Crypto & Web3

DeFi

Headquarters: George Town
Employees: 11–50
Founded: 2021
Business Model: Marketplace

Website: variational.io
Total Funding: $70.6M
Last Round: $50.0M Venture RoundMay 2026
Rounds: 3

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 has raised $70.6M in total across 3 rounds, most recently a $50.0M Venture Round round in May 2026. Investors include Dragonfly Capital, Bain Capital Crypto and Peak XV Partners.

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