United States · 
What does Variant invest in?
Variant invests most often at Seed and Venture (68% of the rounds on record), in sectors such as Crypto and Cryptocurrency.
Variant highlights
- 01
15 cheques in the last 12 months
- 02
Mostly Seed and Venture: 68% of its rounds
- 03
Sole investor in 6 rounds, median $2.8M
What they do
Variant is a venture capital firm focused on markets, infrastructure, and applications that increase user agency.From their own website
- Type
- VC firm (from a list, unverified)
- Cheque size
- $250K – $7.0M as they say
- Stages
- Pre-seedSeedSeries ASeries B
- Sectors
- CryptoCryptocurrency
- Based in
- PRINCE, United States
- Cold pitches
- Accepted
The record
Every round we can evidence, newest first79 appearances
- 2026
13 rounds
- Sept
- Sept
- Jul
- Jul
- Jul
- Jun
- May
- Apr
- Mar
- Feb
- Feb
- Jan
- Jan
- 2025
21 rounds
- Dec
- Dec
- Oct
- Oct
- Oct
- Sept
- Aug
- Aug
- Aug
- Jun
- May
- May
- May
- May
- Apr
- Apr
- Mar
- Mar
- Feb
- FebBlockaidSeries B · IL$50MWith 3 others
- Jan
- 2024
16 rounds
- Dec
- Dec
- Dec
- Dec
- Nov
- Nov
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
The team
Named by the firm itself, on a filing, its Form ADV or its company registration8 named
BRBrian R. HarrisManager of Variant Capital LLCiFiling they signed
CSCaleb ShoughExecutive OfficeriFiling they signed
CNCurtis Neil FintelExecutive Officer of Issuer's Investment AdviseriFiling they signed
DRDavid R. NaylorManager of Variant Capital LLCiFiling they signed
JCJacob ChervinskyChief Legal OfficeriForm ADV
JBJerald Benjamin HayesExecutive Officer of Issuer's Investment AdviseriFiling they signed
JDJesse Daniel WaldenManaging Member of the General PartneriFiling they signed
RWRobert William ElsasserExecutive Officer of Issuer's Investment AdviseriFiling they signed
We also hold 26 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.
What the register says
From the firm's own filings with the SEC, which it must file accurately by law
$729Massets it managesOct 2026
5+funds on filenumbered funds in its name
Registeredinvestment adviserfull reporting to the SEC
- Legal name
- Unofficial Management, Inc.
- SEC number
- CRD 306409
Funds on its Form ADV
7 private funds, $838M in gross assets · filed Sept 2024
- Variant Opportunity Fund, L.P.Venture78 investors$394M
- Variant Fund III, L.P.Venture77 investors$163M
- Variant Fund II, L.P.Venture115 investors$134M
- Variant Fund, L.P.Venture60 investors$127M
- Variant Community Fund II, L.P.Venture53 investors$13M
- Variant Co Fund, L.P.Venture22 investors$4.2M
- Variant Community Fund III, L.P.Venture23 investors$1.7M
What they claim to have backed
From their own portfolio page (on their website)
30 of 46 we have independently watched raise
AleoAugustusAztec NetworkBottoCozy FinanceDIMODeltaHello CleverHyperbolicHyperlaneInfiniaLevlMagic EdenMetaDAOMorphoPhantomPlastic LabsPluralis ResearchProject ElevenPyeRelayRemixSatflowScrollSwoopTakenosThe Clearing CompanyTrue MarketsTurnkeyZKsyncAptosArtemisBlackbirdBlockaidCascadeDeriveMeleeMotionPhysical SuperintelligenceRialoSapienUniswapWhetstone ResearchWorldZkCloudZora
Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.