# Variant's Web3 & Crypto Investments: 27 Startups in Its Portfolio (2026) > The 27 Web3 & Crypto startups Variant has backed, by stage: $543M raised between them. From the rounds we track; updated nightly. Source: https://millionrounds.com/portfolio-maps/variant-web3-crypto-portfolio (Millionrounds; every figure on the page links to its filing or article) ## Pre-seed and seed 13 - [Kiosk](https://millionrounds.com/company/kiosk) - [Entropy](https://millionrounds.com/company/entropy) - [Subzero Labs](https://millionrounds.com/company/subzero-labs) - [Perennial Labs](https://millionrounds.com/company/perennial-labs) - [Delta](https://millionrounds.com/company/delta) - [Gro](https://millionrounds.com/company/g-ro) - [*D* Delegate](https://millionrounds.com/company/delegate) - [Satflow](https://millionrounds.com/company/satflow) - [Empiric Network](https://millionrounds.com/company/empiric-network) - [Shibuya](https://millionrounds.com/company/shibuya) - [Tenor Labs](https://millionrounds.com/company/tenor-labs) - [Gearbox Protocol](https://millionrounds.com/company/gearbox-protocol) - [Melee](https://millionrounds.com/company/melee) ## Stage not reported 8 - [World](https://millionrounds.com/company/world) - [Turnkey](https://millionrounds.com/company/turnkey) - [Aleo](https://millionrounds.com/company/aleo) - [Hyperlane](https://millionrounds.com/company/hyperlane) - [MetaDAO](https://millionrounds.com/company/metadao) - [Renalta](https://millionrounds.com/company/renalta) - [ZKsync](https://millionrounds.com/company/zksync) - [*S* Scroll.io](https://millionrounds.com/company/scroll-io) ## Series A 6 - [*G* Goldfinch](https://millionrounds.com/company/goldfinch) - [Tessera](https://millionrounds.com/company/tessera) - [Fei Labs](https://millionrounds.com/company/fei-labs) - [*CF* Cozy Finance](https://millionrounds.com/company/cozy-finance) - [Infinia](https://millionrounds.com/company/infinia) - [*T* true[x]](https://millionrounds.com/company/truex) ## Segment by segment ### Pre-seed and seed 13 startups · $150M raised - [**Kiosk**](https://millionrounds.com/company/kiosk) Kiosk is a visual arts laboratory that makes documentaries, television and web series, short films, and music videos. United States $30M - [**Entropy**](https://millionrounds.com/company/entropy) Entropy provides crypto custody services to keep private keys secure and make assets available on demand. United States $25M - [**Subzero Labs**](https://millionrounds.com/company/subzero-labs) Subzero Labs is developing Rialo, a developer-first Layer 1 blockchain built for internet-scale decentralized applications. United States $20M - [**Perennial Labs**](https://millionrounds.com/company/perennial-labs) Perennial is a California-based decentralized finance protocol that provides derivatives trading solutions for DeFi traders, liqui United States $12M - [**Delta**](https://millionrounds.com/company/delta) Delta is the ultimate Bitcoin & cryptocurrency portfolio tracker app. Switzerland $11M - [**Gro**](https://millionrounds.com/company/g-ro) G-RO is the world's first bag in a whole new category. United States $9.1M - [*D* **Delegate**](https://millionrounds.com/company/delegate) United States $9.0M - [**Satflow**](https://millionrounds.com/company/satflow) Satflow aims to improve Bitcoin DEXs, enhance decentralization. United States $7.6M ### Stage not reported 8 startups · $289M raised - [**World**](https://millionrounds.com/company/world) World connects users through a privacy-focused network with secure digital asset management. United States $188M - [**Turnkey**](https://millionrounds.com/company/turnkey) Turnkey is a blockchain technology company based in New York, founded in 2022. United States $43M - [**Aleo**](https://millionrounds.com/company/aleo) Aleo is a privacy-first Layer-1 blockchain platform that utilizes zero-knowledge cryptography to enable the development of private United States $21M - [**Hyperlane**](https://millionrounds.com/company/hyperlane) Hyperlane is a hosting company that specializes in hyperfast managed hosting for WordPress and Craft CMS. United States $19M - [**MetaDAO**](https://millionrounds.com/company/metadao) MetaDAO is the principles of decentralized governance with market dynamics. United States $12M - [**Renalta**](https://millionrounds.com/company/renalta) Savings on stablecoins. United States $5.0M - [**ZKsync**](https://millionrounds.com/company/zksync) ZKsync provides safe one-tap onboarding with FaceID/Passkeys, removing the need for seed phrases and lowering the danger of hacking. Netherlands $2.0M - [*S* **Scroll.io**](https://millionrounds.com/company/scroll-io) Scroll.io provides a native zkEVM scaling solution for Ethereum. Hong Kong SAR China $700K ### Series A 6 startups · $104M raised - [*G* **Goldfinch**](https://millionrounds.com/company/goldfinch) Goldfinch is a credit platform that offers crypto loans without collateral. United States $25M - [**Tessera**](https://millionrounds.com/company/tessera) Boutique engineering search for exceptional startups United States $20M - [**Fei Labs**](https://millionrounds.com/company/fei-labs) Fei Labs contributes to open source decentralized applications. United States $19M - [*CF* **Cozy Finance**](https://millionrounds.com/company/cozy-finance) Cozy Finance provides a permissionless, peer-to-peer protection solution from smart contract failure. United States $15M - [**Infinia**](https://millionrounds.com/company/infinia) Infinia is a global money movement and account infrastructure company that offers a single API for collecting, converting, KYC, an Uruguay $14M - [*T* **true[x]**](https://millionrounds.com/company/truex) United States $11M **How this map is made.** Every startup here works in Web3 & Crypto and has raised money in a round we track that names Variant as an investor. Each sits under the stage of its latest round. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Sector portfolio **Variant's AI portfolio** 10 startups · $660M](https://millionrounds.com/portfolio-maps/variant-ai-portfolio)[Portfolio map **Variant portfolio map** 45 startups · $1.3B](https://millionrounds.com/portfolio-maps/variant-portfolio-map)[Sector portfolio **Techstars' AI portfolio** 336 startups · $4.9B](https://millionrounds.com/portfolio-maps/techstars-ai-portfolio)[Sector portfolio **Alumni Ventures' AI portfolio** 302 startups · $36B](https://millionrounds.com/portfolio-maps/us-strategic-tech-fund-an-alumni-ventures-fund-ai-portfolio)[Sector portfolio **Andreessen Horowitz's AI portfolio** 259 startups · $426B](https://millionrounds.com/portfolio-maps/andreessen-horowitz-ai-portfolio)[Sector portfolio **General Catalyst's AI portfolio** 226 startups · $179B](https://millionrounds.com/portfolio-maps/general-catalyst-ai-portfolio) ## Raising from investors like Variant? 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