Variant Fund

Venture Capital

Early-stage crypto venture capital firm founded by Andreessen Horowitz veterans, investing in Web3 startups turning users into owners across DeFi, blockchain computing, and decentralized ownership.

New York, United States · 30+ investments · 39 portfolio companies

Early Stage
Seed
Crypto & Web3
Headquarters
New York, United States
Founded
2020
AUM
$582.0M
Portfolio Companies
39
Total Investments
30
Last Investment
Aug 2026
Geographic Focus
United States

Investment Thesis

Early-stage crypto fund investing in Web3 projects that turn users into owners across DeFi, blockchain computing, and decentralized ownership.

Variant Fund is a Venture Capital firm based in New York, United States. It has made 30 investments in Crypto & Web3, including Blockaid, Pluralis and Lens Protocol.

Portfolio39

Co-investors24

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24 co-investors across 99 shared portfolio companies — who they back alongside, and how often they lead.

Venture Capital ×22 · Corporate VC ×1 · Angel Group ×1 · 47 shared rounds

Investment History

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