Variant portfolio

Variant has 18 portfolio companies on record at Recent Funding, with 7 investments in the last 12 months.

Type: Investor.

Portfolio on Recent Funding: 18.

Deals, last 12 months: 7.

Rounds led: 1 of 17.

Capital in their rounds: $460.5M.

Latest deal: Takenos · Nov 5, 2026.

About this page

It led 1 of the 17 rounds it joined. Its most recent investment on record is Takenos's $7M Seed round in November 2026, alongside North Island Ventures, Reverie, Road Capital and 1 other. By category, its portfolio leans toward Stablecoins (4) and Crypto payments (3). It has co-invested with Road Capital, Reverie and Union Square Ventures, most often Road Capital (3 rounds).

Funds raised

Fund	Fund #	Size	Announced
VVariant	-	$222M	Jun 3, 2026 Fortune
VVariant NYC	II	$110M	Oct 19, 2021 variant.fund

What Variant invests in

Stablecoins · 4 · 22%
Crypto payments · 3 · 17%
Wallets and accounts · 3 · 17%
Consumer and social · 2 · 11%
L1s, L2s and rollups · 2 · 11%
Lending and credit · 2 · 11%
Fintech · 2 · 11%
Commerce and retail · 2 · 11%

Variant recent investments

Company	Round	Date	Alongside
TTakenos	Seed · $7M	Nov 5, 2026	North Island Ventures (lead), Reverie, Road Capital (lead) +1
AAtum	Seed · $13.5M	Sep 22, 2026	Credibly Neutral, Charlie Songhurst, Abstract Ventures +4
TTenor	Seed · $2.5M	Jul 22, 2026	Prelude, Nascent, Very Early Ventures +2
AAugustus	Series B+ · $180M	Jul 21, 2026	Karim Atiyeh, Sean Neville, Soma Capital +6
LLevl	Seed	Feb 11, 2026	FalconX, Protagonist, Deus X Capital +4
DDoppler	Seed	Jan 29, 2026	Pantera Capital, Figment Capital, Coinbase Ventures
TTenbin Labs	Seed	Jan 27, 2026	Guy Young, GSR Markets, FalconX +11
PPluralis Research	Seed · $8M	Mar 1, 2025	Clem Delangue, Balaji Srinivasan, Bodhi Ventures +4

How Variant invests

Stage	Deals	Capital in rounds
Seed	11 65%	$61.5M
Series B+	3 18%	$339M
Series A	3 18%	$60M

Year	Deals	Capital in rounds
2020	1 6%	$3M
2021	1 6%	$9M
2022	4 24%	$136.5M
2023	2 12%	$51M
2025	2 12%	$58M
2026	7 41%	$203M

Variant portfolio companies

TTakenos$7MSeed · Nov 2026
AAtum$13.5MSeed · Sep 2026
TTenor$2.5MSeed · Jul 2026
AAugustus$180MSeries B+ · Jul 2026
LLevlSeed · Feb 2026
DDopplerSeed · Jan 2026
TTenbin LabsSeed · Jan 2026
PPluralis Research$8MSeed · Mar 2025
BBlockaid$50MSeries B+ · Feb 2025
BBlackbird$24MSeries A · Oct 2023
HHyperlane$18.5MSeed · Sep 2022
DDIMO$9MSeed · Feb 2022
PPhantom$109MSeries B+ · Jan 2022
UUnion$3MSeed · Dec 2020
HHello Cleverbacker
TTurnkeybacker
HHyperbolicbacker
PPlastic Labsbacker

Company	Round with Variant	Total raised	Latest raise
TTakenos Consumer and social	Nov 5, 2026 Seed · $7M	$7M	Nov 5, 2026 Seed
AAtum Stablecoins	Sep 22, 2026 Seed · $13.5M	$13.5M	Sep 22, 2026 Seed
TTenor Stablecoins	Jul 22, 2026 Seed · $2.5M	$5M	Jul 22, 2026 Seed
AAugustus AI agents	Jul 21, 2026 Series B+ · $180M	$180M	Jul 21, 2026 Series B+
LLevl	Feb 11, 2026 Seed	$7M	Feb 11, 2026 Seed
DDoppler	Jan 29, 2026 Seed	$14M	Jan 29, 2026 Seed
TTenbin Labs	Jan 27, 2026 Seed	$7.1M	Jan 27, 2026 Seed
PPluralis Research	Mar 1, 2025 Seed · $8M	$8M	Mar 1, 2025 Seed
BBlockaid Legal and compliance	Feb 18, 2025 Series B+ · $50M	$117M	Nov 4, 2026 round
BBlackbird Health and bio	Oct 4, 2023 Series A · $24M	$74M	Apr 8, 2025 Series B+
HHyperlane DEXs and AMMs	Sep 22, 2022 Seed · $18.5M · lead	$18.5M	Apr 22, 2025 Series A
DDIMO Robotics and hardware	Feb 15, 2022 Seed · $9M	$20.5M	Jan 16, 2024 Series A
PPhantom Perpetuals DEXs	Jan 31, 2022 Series B+ · $109M	$268M	Jan 16, 2025 Series B+
UUnion Lending and credit	Dec 17, 2020 Seed · $3M	$3M	Dec 17, 2020 Seed
HHello Clever Stablecoins	backer	undisclosed	Sep 8, 2026 Seed
TTurnkey Stablecoins	backer	$42.5M	May 18, 2026 round
HHyperbolic AI infrastructure and compute	backer	$12M	Dec 10, 2024 Series A
PPlastic Labs	backer	$5.35M	Jun 25, 2026 Seed

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Stablecoins).

How this is counted

Venture funds Variant raised, from the list of new VC funds compiled by Shai Goldman (Brex). Each size links to the article that states it, or to that list where no article was found. All new funds: new VC funds.

Share is of the 17 rounds on Recent Funding that name Variant. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists Variant, which is a subset of its real portfolio. API: /api/v1/investors/variant (get a free API key). More: the most active VC firms and new venture capital funds.