Variant Fund β Full Portfolio
89 tracked investments Β· listed companies and verified rows first
Infinia provides digital finance infrastructure that connects traditional banking networks with digital asset rails, enabling cross-border settlement and real-time treasury operations for enterprise customers in emerging markets.
Crypto & Web3Enterprise SoftwareFintechNew York, US
Ianai Urwicz(CEO)Alejandro Rettig(CTO)
Co-investorsBain CapitalLattice CapitalReverieTekton VenturesY Combinator
Aleo is a Layer-1 blockchain platform powered by zero-knowledge cryptography that enables private, programmable, and scalable applications.
Crypto & Web3Developer ToolsEnterprise SoftwareFintechReno, US
Howard Wu(Founder)inMichael Beller(Executive Officer)
Co-investorsCoinbase VenturesA.Capital Venturesa16z cryptoAmbush CapitalDigital Currency GroupEthereal Ventures Management Ltd.+8 more
Staking software developer behind the enterprise liquid staking protocol Liquid Collective, acquired by Galaxy Digital in December 2025.
Chicago, US
Matthew R. Leisinger(Executive Officer, Director)Mara Schmiedt(Executive Officer, Director)Evan Weiss(Executive Officer)
BoardMin Teo(Director)
Co-investorsAmbush CapitalCoinbase VenturesF-Prime CapitalFenbushi CapitalFigmentNascent
A layer 1 blockchain engineered to evolve.
Co-investorsMEXC VenturesAndreessen HorowitzJump CryptoMulticoin CapitalTiger Global Management
Co-investorsHummingbird VenturesValar Ventures Llc
Aztec is a Layer 2 blockchain network on Ethereum that enables programmable privacy for decentralized applications through client-side zero-knowledge proofs and a dual state architecture.
Crypto & Web3CybersecurityDeveloper ToolsLondon, GB
ZacThomas Pocock(Founding CEO)inZachary Williamson(Founding CTO & Current CEO)inArnaud Schenk(Cofounder)inJoe Andrews(Cofounder & Head of Product)in
Co-investorsA.Capital Venturesa16z cryptoAndreessen HorowitzCoinbase VenturesConsenSys MeshEntrepreneur First+8 more
Blackbird is a restaurant loyalty, membership and payments platform with a consumer dining-rewards app built on blockchain rails.
Ben Leventhal(Founder)in
Co-investorsa16z cryptoAndreessen HorowitzCoinbase VenturesMischiefMulticoin CapitalQED Investors+2 more
Blockaid provides a web3 security platform that detects and blocks scams, fraud, exploits, and compliance risks for onchain finance in real time.
AI & Machine LearningCrypto & Web3CybersecurityNew York, US
Ido Ben-Natan(Co-Founder and CEO)inRaz Niv(Co-Founder and CTO)Roni Sidi(General Counsel)
BoardJason Risch(Board Observer / Director (Greylock investor representative))
Co-investorsCyberstartsGreylock PartnersGV (Google Ventures)Jibe VenturesReverieRibbit Capital+2 more
Co-investorsBollinger Investment Group
Botto is a decentralized autonomous AI artist that generates artworks continuously, with a community of contributors voting to influence the theme, style, and imagery of each piece.
AI & Machine LearningCreator EconomyCrypto & Web3
Co-investorsCollab+Currency1kx
Braintrust offers an AI-powered suite for enterprise hiring, assessment, and operations, including a vetted talent marketplace, an AI recruiting and screening tool, and custom AI automation agents.
AI & Machine LearningFuture of WorkHR Tech
Adam Jackson(Co-founder)inGabe Luna-Ostaseski(Founder)
Co-investorsACME CapitalAusum VenturesCoatue ManagementCoinbase VenturesDanu VenturesFuture Perfect Ventures+8 more
Cascade is an investment platform accessible in the U.S. that lets users onboard via wire, ACH, or stablecoin and trade crypto, U.S. equities, and private markets around the clock.
Crypto & Web3Fintech
Co-investorsA16Z SpeedrunAda VenturesAndreessen Horowitz
Catalog is a platform where musicians sell their music directly to fans, with artists getting paid at the moment of purchase.
Creator EconomyMarketplacesMedia & Entertainment
Hamish Gunasekara(Founder)in
Co-investors1confirmationInflection.xyzKindred VenturesDCVC (Data Collective)New Enterprise Associates (NEA)OS Fund+1 more
Ceramic provides a decentralized protocol for event streaming and data management that enables interoperable apps and services to share verifiable data at scale.
Crypto & Web3Data & InfrastructureDeveloper Tools
Co-investorsAmbush CapitalCoinbase VenturesCollab+CurrencyDeepTech VenturesFenbushi CapitalFigment+3 more
Coordinape was a platform that let decentralized teams and DAOs recognize contributions and allocate compensation through a peer-to-peer "GIVE" token mechanism, later expanding into onchain reputation tools like the Social Oracle and CoLinks social graph on Base.
Crypto & Web3Future of WorkHR Tech
Zemm Naph(Founder)in
Co-investorsCultur3 Capital
Cozy provides modular on-chain risk protection for DeFi protocols, offering tools like yield tranches, asset reserves, and market-based protection contracts to cover risks such as bad debt, hacks, and exploits.
Crypto & Web3FintechInsurTechSeattle, US
Tony Sheng(Director)Payom Dousti(Executive Officer, Director)
Co-investorsCoinbase VenturesDragonflyElectric CapitalMetastableRobot VenturesSlow Ventures+1 more
Programmable identity for users to manage all their tokens in all their wallets at once.
Robert Sur(Founder)in
Co-investorsArca FundsArrington CapitalBloccelerate VCArrington XRP CapitalBlocktower Capital
Derive is an onchain protocol built on Ethereum for trading crypto options, perpetuals, and yield products on assets such as BTC, ETH, and altcoins.
Crypto & Web3Fintech
Co-investorsMarin Digital Ventures
Co-investorsBollinger Investment GroupBorderless VentureLattice CapitalWonder Ventures
Entropy was an a16z-backed decentralized crypto custody and threshold-signing network that wound down in January 2026.
Co-investorsa16z cryptoAndreessen HorowitzCoinbase VenturesFigmentEthereal Ventures Management Ltd.Robot Ventures
Euler is a modular lending platform that enables users to create custom lending vaults and allows those vaults to serve as collateral for other vaults through its Ethereum Vault Connector.
Crypto & Web3Fintech
Co-investorsCoinbase VenturesEquilibrium VenturesHaun VenturesLemniscapParadigmTq Ventures Llc+1 more
Token-based DAO that curates and collects blockchain-native art, from Autoglyphs to artist collaborations.
Co-investorsa16z cryptoAndreessen HorowitzDivergenceNarcissus VenturesStandard CryptoWintermute
Flashbots is a research and development organization that mitigates negative externalities from Maximal Extractable Value (MEV) on blockchains, primarily Ethereum, through infrastructure and tools for block building, transaction protection, and MEV distribution.
Crypto & Web3Data & InfrastructureDeveloper Tools
Co-investorsBig Brain HoldingsBlueYard CapitalDragonflyEthereal Ventures Management Ltd.Fabric VenturesFaction+12 more
FWB is a members-only community and cultural organization for artists, technologists, and builders that organizes events, funds projects, and operates as a decentralized autonomous organization (DAO).
Creator EconomyCrypto & Web3Sector AgnosticSocialIdyllwild, US
Co-investorsa16z cryptoAndreessen HorowitzCoinbase VenturesCollab+CurrencyDeepTech VenturesKindred Ventures+3 more
Gearbox provides institutional credit infrastructure for tokenized real-world assets and stablecoins, offering margin, prime brokerage, and portfolio loan products.
Crypto & Web3FintechSaaS
Co-investorsPlaceholder VCPolymorphic Capital1kxPlaceholder
Hyperbolic provides on-demand, reserved, and private cloud access to high-performance GPUs (such as H100, H200, and B200) through a global network of compute providers.
AI & Machine LearningCloud ComputingData & Infrastructure
Co-investorsAmbush CapitalBig Brain HoldingsFactionGSRLongHash VenturesSamsung Next+4 more
Hyperlane is an open source, permissionless interoperability framework for connecting over 150 blockchains, enabling cross-chain messaging, asset bridging, swaps, asset issuance, and governance across EVM, Solana, Cosmos, and custom VM architectures.
Crypto & Web3Data & InfrastructureDeveloper Tools
Asa Oines(Founder)in
Co-investorsAmbush CapitalBitDAOBootNodeFigmentHack VCHypersphere Ventures+7 more
Infinia provides a unified API infrastructure for global payments and financial services, enabling businesses to collect, convert, and disburse money across 200+ countries with local compliance and regulatory requirements built-in.
Enterprise SoftwareFintechSaaSMontevideo, UY
Ianai Urwicz(Founder)inAlejandro Rettig(Founder)in
Co-investorsFlucas VenturesKube VCY CombinatorBain Capital
Kiki is an AI assistant accessible via text messaging that helps users manage their schedules, tasks, decisions, and personal routines through conversational SMS interactions.
AI & Machine LearningConsumerSaaS
Denis Nazarov(Founder)in
Co-investorsa16z cryptoAndreessen HorowitzElectric CapitalUnion Square Ventures (USV)AlleyCorpHouse Capital+2 more
Orb is a web3 social application built on the Lens Protocol for social networking and content sharing on blockchain infrastructure.
Crypto & Web3Social
Co-investorsA.Capital VenturesBlockchain CapitalTioga Capital PartnersWintermuteFaction
Levl offers a payment suite for sending and receiving global payments in fiat currencies or stablecoins.
Crypto & Web3Fintech
Co-investorsProtagonist
Magic Eden is a crypto trading and entertainment platform that enables users to trade, mint, and collect digital assets including NFTs, tokens, and collectibles across multiple blockchains.
Crypto & Web3GamingMarketplacesSan Francisco, US
Jack Lu(Co-Founder & CEO)Sidney Zhang(Co-Founder & CTO)inZhuoxun Yin(Co-Founder & COO (nickname 'Zedd'))Zhuojie Zhou(Co-Founder (nickname 'Rex'; engineering lead))Rex Zhou(Founder)inJack L.(Founder)in
Co-investorsAlameda ResearchBitcoin FrontierCoinbase VenturesDraft Ventures LlcElectric CapitalGreylock Partners+9 more
Matter Labs builds Prividium, an Ethereum-secured blockchain platform designed for banks and financial institutions to issue, settle, and manage digital assets with privacy and compliance controls.
Crypto & Web3Enterprise SoftwareFintechGeorge Town, Grand Cayman
Alex Gluchowski(Executive Officer, Director)inAleksandr Vlasov(Director)
BoardChristopher Burniske(Director)in
Co-investors1k(x)1kxa16z cryptoAndreessen HorowitzBlockchain CapitalDragonfly+9 more
ZKsync provides blockchain infrastructure and deployment services for enterprises, helping them build and launch production-ready solutions on the ZKsync network.
Crypto & Web3Developer ToolsEnterprise Software
Alex Gluchowski(Founder)in
Co-investorsDeepTech VenturesFactionFigmentIOSG VenturesLongHash VenturesMirana Ventures+3 more
Farcaster is a decentralized social network where users own their identity and can discover people and express themselves.
Crypto & Web3SocialVenice, US
Daniel Romero(Executive Officer, Director)Varun Srinivasan(Executive Officer, Director)
Co-investors1confirmationA.Capital Venturesa16z cryptoAndreessen HorowitzArchetypeChapter One+11 more
MetaDAO is a Solana-based fundraising and governance platform where projects launch tokens and allocate capital via futarchy markets.
Kollan House(Founder)in
Co-investorsEquilibrium VenturesParadigm6th Man Ventures
Polygon develops technology for moving money through open systems globally, with a focus on stablecoin payments and infrastructure that integrates with existing financial systems.
Crypto & Web3Enterprise SoftwareFintech
Azeem Khan(Founder)inBobbin Threadbare(Founder)
Co-investorsAlpha Wave GlobalBig Candle CapitalCeras VenturesCoinbase VenturesDigital Currency GroupEllipti+10 more
Paragraph is a publishing platform with an integrated AI agent that automates content creation, editing, and distribution across multiple channels including blogs, newsletters, social media, and landing pages.
AI & Machine LearningCreator EconomySaaS
Co-investors2050A.Capital VenturesCatcherVCFourth Revolution Capital (4RC)IDEO CoLab VenturesIOSG Ventures+5 more
Morpho is an open-source lending protocol that provides enterprise-grade infrastructure for building yield and lending products across multiple risk profiles and assets.
Crypto & Web3Data & InfrastructureFintech
Paul Frambot(Founder & CEO)
Co-investorsa16z cryptoAndreessen HorowitzHack VCLauren StephanianMirana VenturesNascent+3 more
Morpho is a decentralized lending protocol that provides enterprise-grade infrastructure for launching lending products.
Crypto & Web3Fintech
Paul Frambot(Founder & CEO)in
Co-investorsEntropy Industrial CapitalFlowdeskIOSG VenturesMirana VenturesMulticoin CapitalPantera Capital+9 more
Co-investorsDivergenceShrug CapitalTriblock
OpenFX operates a real-time settlement network for cross-border payments that replaces traditional international payment systems, enabling businesses to move money across borders significantly faster and cheaper.
Fintech
Prabhakar Reddy(Founder & CEO)in
Co-investorsAccelFactionFlybridge Capital PartnersHash3 CapitalMARKHAM VALLEY VENTURESNorthzone+2 more
Perennial was a crypto/DeFi application, created by Equilibria, that has been sunsetted and taken offline.
Co-investorsArchetypeCoinbase Ventures
Phantom is a multichain cryptocurrency wallet designed for consumer accessibility and ease of use.
ConsumerCrypto & Web3Fintech
Brandon Millman(Founder)inFrancesco Agosti(Founder)in
PartnerJesse WaldenΒ· led
Co-investorsParadigmSequoia CapitalJump Capitala16z cryptoAndreessen HorowitzDesigner Fund+5 more
Plastic Labs is an AI research lab combining machine learning and cognitive science to build Honcho, an AI-native memory and continual learning system for modeling personal identity, along with its own reasoning models.
AI & Machine LearningDeep TechDeveloper ToolsNew York, US
Vincent J. Trost(Executive Officer, Director)Courtland H. Leer(Executive Officer, Director)Vince Trost(Founder)inCourtland Leer(Founder)inVineeth Voruganti(Founder)in
Co-investorsBetaworksMozilla VenturesWhite Star CapitalGreycroft
PleasrDAO is a decentralized collective that acquires and preserves culturally significant digital assets, including NFTs and artifacts of internet history, using blockchain technology to enable community ownership.
Crypto & Web3Social
Co-investorsa16z cryptoAndreessen HorowitzDivergenceDragonflyMetastableParaFi Capital+1 more
Pluralis is a research lab developing decentralized and collective AI training infrastructure that enables community-driven, open-weight model development without centralizing power or sacrificing financial sustainability.
AI & Machine LearningCloud ComputingDeveloper ToolsNew York City, US
Alexander Long(Founder)
Co-investorsCoinFundUnion Square Ventures (USV)
Project Eleven builds post-quantum cryptography and migration tooling for Bitcoin, Ethereum and other digital asset networks.
Co-investorsCastle Island VenturesCoinbase VenturesLattice CapitalQuantonationBalaji SrinivasanFin Capital+1 more
Pye is a non-custodial DeFi platform for Solana staking, offering an on-chain orderbook where stakers can sell future staking rewards or buy discounted SOL, plus an embeddable rewards-trading widget for validators.
Crypto & Web3Fintech
Co-investorsCoinbase VenturesMarin Digital VenturesPaper VenturesSolana Labs
Reflexer Finance develops a decentralized stable asset that operates independently from traditional fiat currencies, built on blockchain technology.
Crypto & Web3FintechWilmington, US
Stefan-Codrin Ionescu(Executive Officer, Director)
Co-investorsPantera CapitalParadigmStandard Crypto
Relay is a New York-based cross-chain payments infrastructure provider offering an API, app and underlying infra.
Co-investorsArchetypeCoinbase VenturesSquare Peg CapitalGeneral Catalyst
Remix is a platform where users describe a game in natural language, watch it generate, and publish it to the App Store and Google Play in a single flow.
AI & Machine LearningCreator EconomyGaming
Brandon Yowakim(Founder)in
Co-investorsArchetypeCoinbase VenturesLemniscapEnergy Impact PartnersSequoia Capital
Powerful APIs for NFT buying, selling & data
Danny Bernstein(Founder)in
Co-investorsNascentSancus VenturesUnion Square Ventures (USV)ArchetypeAsymmetric Capital PartnersFounder Collective+1 more
Rialo builds blockchain infrastructure that enables native automation and intelligent systems without relying on offchain solutions.
Cloud ComputingCrypto & Web3Developer Tools
Co-investorsCoinbase VenturesPantera CapitalHashed
Rodeo builds consumer apps focused on onchain digital art and social creation, including Foundation (a marketplace for onchain digital art), Rodeo (a social app to create, share, collect, and own content), and Aura (a prediction game for TV fans).
Creator EconomyCrypto & Web3Social
Co-investorsCoinbase Ventures1kx
Sapien builds PoQ, an open blockchain-based infrastructure that produces verifiable quality signals for AI training data, letting teams audit and prove the provenance and trustworthiness of data used in AI systems.
AI & Machine LearningCrypto & Web3Data & Infrastructure
Rowan Stone(CEO)Tony Marks(Founder)inTrevor Koverko(CSO)Kelly Ryan(CTO)
Co-investorsCoinbase VenturesTranspose Platform ManagementWeb3com VenturesArtichoke CapitalPrimitive Ventures
Anatolie Diordita(Founder)inRobert Clarke(Founder)inDan Hepworth(Founder)in
Co-investorsCoinbase VenturesHash3 CapitalNascentAsymmetric
Co-investorsA.Capital VenturesBain Capital CryptoBixin CapitalBixin VenturesCatcherVCIOSG Ventures+6 more
Shibuya is a platform for discovering and sharing short films, serving filmmakers and audiences interested in independent and grassroots storytelling.
Creator EconomyMedia & Entertainment
Co-investorsa16z cryptoAndreessen Horowitz
Sound was a music platform for artists and collectors to mint and collect music onchain; the platform is now offline as of January 2026, with all collected music and metadata preserved on decentralized storage.
Creator EconomyCrypto & Web3
David Greenstein(Founder)in
Co-investorsA.Capital Venturesa16z cryptoAndreessen HorowitzArchetypeCoinbase VenturesCollab+Currency+6 more
Swoop is a same-day food delivery app that connects customers with local restaurants in Lagos, Nigeria, currently operating in Surulere, Gbagada, and Yaba.
FoodTechLogistics & Supply ChainMarketplacesLagos, NG
Aubrey Niederhoffer(Founder)in
Co-investorsFirestreak VenturesBase CapitalDune VenturesLong Journey VenturesScript CapitalSignia Venture Partners+2 more
Syndicate provides infrastructure to scale the Ethereum blockchain, supporting staking and development operations on the network.
Crypto & Web3Mountain View, US
William Raphael Papper(Executive Officer, Director)Ian John Lee(Executive Officer, Director)ian //(Founder)in
Co-investorsA.Capital Venturesa16z cryptoAndreessen HorowitzArchetypeAtelierBlueYard Capital+12 more
Takenos is a digital wallet that lets users receive money from any country and spend it via global and local (Argentina) cards, with no maintenance fees.
ConsumerCrypto & Web3FintechFuture of Work
Lucas Posada(Founder)inJoaquΓn Herrera(Founder)inSimon Bouche OcampoSimΓ³n BouchΓ©
Co-investors500 GlobalLattice CapitalNIVReveriegumi Cryptos Capital (gCC)
Prediction market startup founded by ex-Polymarket and Kalshi staff, building regulated on-chain event markets; agreed to be acquired by Coinbase.
Co-investorsAsylum VenturesCoinbase VenturesCompoundEarl Grey CapitalHaun VenturesCursor Capital+2 more
Turnkey provides wallet-as-a-service infrastructure that lets developers generate non-custodial crypto wallets, sign transactions, and manage key-access policies across multiple blockchains through a single API.
Crypto & Web3Data & InfrastructureDeveloper Tools
Co-investorsBain Capital CryptoCircle VenturesSequoia Capital
Turnkey provides Wallet-as-a-Service infrastructure that lets developers create and manage secure, non-custodial crypto wallets through a single API across multiple blockchains including EVM, Solana, and Bitcoin.
Crypto & Web3Data & InfrastructureDeveloper Tools
Co-investorsArchetypeBain Capital CryptoFactionFigmentMirana VenturesPathlight Ventures+6 more
Uniswap is an Ethereum-based decentralized exchange protocol using an automated market maker model, built by Uniswap Labs.
New York City, US
Hayden Adams(Founder)in
PartnerJesse WaldenΒ· led
Co-investorsA.Capital Venturesa16z cryptoAndreessen HorowitzAZDAGBig Candle CapitalDeepTech Ventures+10 more
Goldfinch Finance provides onchain access to private credit funds managed by established firms like Ares, Apollo, and Golub, offering exposure to senior secured loans across multiple industries.
Crypto & Web3FintechWalnut, US
Blake West(Founder)Mike Sall(Founder)
Co-investorsA.Capital Venturesa16z cryptoAndreessen HorowitzCoinbase VenturesIDEO CoLab VenturesMSA Novo
Whetstone builds infrastructure for onchain markets.
Crypto & Web3Fintech
Austin Adams(Founder)in
Co-investorsNascentAmbush CapitalCoinbase VenturesCredibly NeutralFigmentFigment Capital+2 more
World provides a system for verifying that online users are real, unique humans, combining privacy-preserving proof-of-human identity with financial infrastructure and a digital token.
AI & Machine LearningCrypto & Web3FintechSan Francisco, US
Sam Altman(Co-founder & Chairman (Tools for Humanity))Alex Blania(Co-founder & CEO (Tools for Humanity))Max Novendstern(Co-founder (Tools for Humanity))
Co-investorsAndreessen HorowitzBain Capital CryptoBlockchain CapitalKhosla Venturesa16z cryptoAlphaLab Capital+9 more
Zeal is a self-custodial crypto wallet app that lets users earn DeFi yield on USD/EUR stablecoins (via Sky and Aave) and spend through an integrated Gnosis Pay Visa debit card with cashback and no FX fees.
ConsumerCrypto & Web3Fintech
Zora is a creator-economy crypto protocol and Ethereum Layer 2 network for publishing, trading and collecting media onchain.
New York City, US
Jacob Scott Horne(Executive Officer, Director)Jacob Horne(Cofounder)Dee Goens(Founder)inJacob H(Founder)Slava Kim(Founder)
Co-investorsBalaji SrinivasanDraft Ventures LlcHaun VenturesJustin β3LAUβ BlauParadigmVillage Global+1 more
Rows marked βSEC filingβ are inferred from directors named on the company's SEC Form D β public regulatory data, not a portfolio list published by the firm.