Variational
Trade crypto, stocks, commodities, and indices on-chain. 550+ markets. Zero trading fees.
$49.7M Series A ·
Led by Dragonfly Capital · Source: fundraisingfox.com
Total raised: $60M across 2 sourced rounds
All 2 rounds ↓Signals
X account@variational_io · created Jan 12, 2024 (2 years old) · 74,834 followers
Website registeredAug 4, 2021 (5 years old)
TIMELINE · MONEY RAISED
Variational | 285 days from X account to first raise on record
Money raised, round by round (amounts linked to their source). Pins are dated signals; hover the icons for dates.
Funding rounds
| Date | Round | Amount | Lead | Source |
|---|---|---|---|---|
| Series A | $49.7M | fundraisingfox.com | ||
| Seed | $10.3M | theblock.co |
Timeline
- X account created
- Website created
Founders and team
L
lucas.var Founder and CEO@variational_lvs · source: x.comEY
Edward Yu FounderE
edward.var Founder@edward_yu_var · source: x.comLV
Lucas V. Schuermann Founder
Investors
BBain Capital Cryptolead investor
BBrevan Howard Asset Management
CCaladan
CCoinbase Ventures
DDragonfly Capitallead investor
HHack VC
MMirana Ventures
NNorth Island Ventures
PPeak XVlead investor
ZZoku Ventures
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Other companies backed by Dragonfly Capital
SSapiom$35M Series A · Aug 2026
MMegapot$5M Pre Seed · Mar 2026
RRain$250M Series B+ · Jan 2026
AAgora$50M Series B+ · Jul 2025
EEigenCloud$70M · Jun 2025
CCodex$16M Seed · Apr 2025
Sources and API
Every amount links to the page it came from. * Estimated from an accelerator's published standard deal, not a company-specific disclosure. How Recent Funding sources and verifies funding data. The same data as JSON: /api/v1/companies/variational (get a free API key).