Variant
SEC-registered investment adviser.
- Website
- https://variant.fund
- HQ
- NY
Variant invests in technology that expands human autonomy, focusing on markets, infrastructure, and applications that increase user agency. Its portfolio includes companies such as Uniswap, Aleo, Phantom, and Hyperbolic. Jesse Walden is the Founder and Managing Partner.
01 · Says / Does
| Tag | Says | Does |
|---|---|---|
| Stages | Seed, Series A, Growth | Not enough dated deals |
| Sectors | Not stated | Not enough dated deals |
| Regions | Not stated | Not enough dated deals |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Variant Fund IV, L.P. Variant invests in technology that expands human autonomy, focusing on markets, infrastructure, and applications that increase user agency. It concentrates at seed and selectively participates through Series A and growth, including liquid venture. Inferred from the firm's website | 2025 | $221.16M to $250M (Form D) | Raising |
| Variant Holding I, L.P. Variant invests in technology that expands human autonomy, focusing on markets, infrastructure, and applications that increase user agency. It concentrates at seed and selectively participates through Series A and growth, including liquid venture. Inferred from the firm's website | 2022 | $6M (Form D) | Late investment period |
| Variant Community Fund II, LP | 2021 | $10M to $13.43M (Form D and SEC adviser filing) | Follow-ons only |
| Variant Fund II, LP | 2021 | $100M to $134.24M (Form D and SEC adviser filing) | Follow-ons only |
| Variant Fund, L.P. | 2020 | $13.36M to $127.47M (Form D and SEC adviser filing) | Follow-ons only |
03 · People across funds
- Jesse Walden, Founder and Managing Partner
Variant Fund IV, L.P. (Named on Form D); Variant Holding I, L.P. (Named on Form D); Variant Community Fund II, LP (Named on Form D); Variant Fund II, LP (Named on Form D); Variant Fund, L.P. (Named on Form D)
- Alana Levin, Investment Partner
Variant Fund IV, L.P. (Team); Variant Holding I, L.P. (Team); Variant Community Fund II, LP (Team); Variant Fund II, LP (Team); Variant Fund, L.P. (Team)
- Caleb Shack, Investment Partner
Variant Fund IV, L.P. (Team); Variant Holding I, L.P. (Team); Variant Community Fund II, LP (Team); Variant Fund II, LP (Team); Variant Fund, L.P. (Team)
- Daniel Barabander, Investment Partner & Chief Legal Officer
Variant Fund IV, L.P. (Team); Variant Holding I, L.P. (Team); Variant Community Fund II, LP (Team); Variant Fund II, LP (Team); Variant Fund, L.P. (Team)
- Elijah Fox, Investment Partner
Variant Fund IV, L.P. (Team); Variant Holding I, L.P. (Team); Variant Community Fund II, LP (Team); Variant Fund II, LP (Team); Variant Fund, L.P. (Team)
- Sabina Beleuz, Deputy General Counsel & Investor
Variant Fund IV, L.P. (Team); Variant Holding I, L.P. (Team); Variant Community Fund II, LP (Team); Variant Fund II, LP (Team); Variant Fund, L.P. (Team)
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- https://variant.fund
- https://variant.fund/portfolio/
- https://variant.fund/team/
- https://variant.fund/
- https://variant.fund/about/
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026