Difference between revisions of "Variant Fund"
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* [https://www.coindesk.com/aave-founder-joins-variant-fund-as-a-venture-partner From] [[CoinDesk]] (5-3-2021): | * [https://www.coindesk.com/aave-founder-joins-variant-fund-as-a-venture-partner From] [[CoinDesk]] (5-3-2021): | ||
''"Variant Fund formed in July, at the height of 2020’s “[[DeFi]] summer,” animated by the thesis that people who make platforms and products stronger can and should share in their growth."'' | ''"Variant Fund formed in July, at the height of 2020’s “[[DeFi]] summer,” animated by the [[thesis]] that people who make platforms and products stronger can and should share in their growth."'' | ||
== Investments == | == Investments == | ||
*[[Aptos]]; took part in their [https://medium.com/aptoslabs/expanding-the-aptos-community-38c5b18a84b7 $200m] strategic round (15-3-2022). | |||
*[[AZTEC Protocol|Aztec]]; part of their [https://medium.com/aztec-protocol/aztec-raises-100-million-to-build-encrypted-ethereum-dd5062ba949c Series B $100M] raise (16-12-2022). | |||
*[[BitClout (BTCLT)|Bitclout]]; it's founder has [https://www.coindesk.com/what-is-bitclout-the-social-media-experiment-stoking-controversy-on-twitter mentioned] this fund as an investor (23-3-2021). | *[[BitClout (BTCLT)|Bitclout]]; it's founder has [https://www.coindesk.com/what-is-bitclout-the-social-media-experiment-stoking-controversy-on-twitter mentioned] this fund as an investor (23-3-2021). | ||
*BoardRoom. [https://defirate.com/boardroom-seed-round/ Participated] in a $2.2M raise for [[BoardRoom]] (13-10-2020). | *BoardRoom. [https://defirate.com/boardroom-seed-round/ Participated] in a $2.2M raise for [[BoardRoom]] (13-10-2020). | ||
* Cozy Finance. Part of a [https://medium.com/@cozyfinance/introducing-cozy-finance-8af86e0ded41 $2M raise] for [[Cozy Finance]] (3-9-2020). | * [[Braintrust (BTRST)|Braintrust]]; according to this [https://twitter.com/liron/status/1561166817669722112 thread] (8-2021). | ||
*[[Canto (CANTO)|Canto]]; since [https://ournetwork.substack.com/p/ournetwork-issue-153 23-1-2023] | |||
*Cozy Finance. Part of a [https://medium.com/@cozyfinance/introducing-cozy-finance-8af86e0ded41 $2M raise] for [[Cozy Finance]] (3-9-2020). | |||
*[[Hyperlane]] | |||
*[[Farcaster]]; participated in the [https://decrypt.co/231644/ethereum-based-twitter-rival-farcaster-raises-150-million $150M Series A] (22-5-2024). | |||
*[[Fei Protocol (FEI)|Fei Protocol]]; part of a [https://www.coindesk.com/coinbase-naval-framework-ventures-19m-raise-fei-stablecoin $19M raise] (9-3-2021). | *[[Fei Protocol (FEI)|Fei Protocol]]; part of a [https://www.coindesk.com/coinbase-naval-framework-ventures-19m-raise-fei-stablecoin $19M raise] (9-3-2021). | ||
*[[Goldfinch Protocol]]. [https://thedefiant.substack.com/p/-behold-the-1st-defi-enabled-mortgage?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozMjEyNTk1MCwiXyI6IlIzVVdsIiwiaWF0IjoxNjEyNTE4NjQwLCJleHAiOjE2MTI1MjIyNDAsImlzcyI6InB1Yi0xMTI1OSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.QtjaVurcFc Participated] in a $1M funding round among a list of other funds (3-2-2021). | *[[Goldfinch Protocol]]. [https://thedefiant.substack.com/p/-behold-the-1st-defi-enabled-mortgage?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozMjEyNTk1MCwiXyI6IlIzVVdsIiwiaWF0IjoxNjEyNTE4NjQwLCJleHAiOjE2MTI1MjIyNDAsImlzcyI6InB1Yi0xMTI1OSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.QtjaVurcFc Participated] in a $1M funding round among a list of other funds (3-2-2021). | ||
*[[Reflexer (RAI)|Reflexer]]; investor. [https://www.coindesk.com/eth-lite-reflexer-labs-raises-1-7m-to-build-a-somewhat-stable-coin-for-defi Participated] in a $1.68 million seed round (5-8-2020). | *[[Lens Protocol|Lens]]; part of the [https://decrypt.co/143789/lens-protocol-raises-15-million-to-expand-decentralized-social-media $15M raise] by [[Aave (AAVE)|Aave]] (6-2023). | ||
*[[Matter Labs]]; part of the [https://decrypt.co/114774/matter-labs-raises-200m-scale-ethereum-zksync-solution $200M series C] (16-11-2022) | |||
*[[Morpho (MORPHO)|Morpho]]; took part in its second [https://x.com/MorphoLabs/status/1819010855964479751 raise] of $50M (1-8-2024) | |||
*[[Reflexer (RAI)|Reflexer]]; investor. [https://www.coindesk.com/eth-lite-reflexer-labs-raises-1-7m-to-build-a-somewhat-stable-coin-for-defi Participated] in a $1.68 million [[seed]] round (5-8-2020). | |||
*[[TokenTerminal]]; they mention this as one of their 'community members' ([https://tokenterminal.com/ 1-8-2022]), however, due to the nature of the ones named, we can assume these are investors. | |||
* [[Uniswap]] ([https://ournetwork.substack.com/p/our-network-issue-51?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjoyNTk5MjIyMSwiXyI6ImM5eFJuIiwiaWF0IjoxNjA4MzE1MDc1LCJleHAiOjE2MDgzMTg2NzUsImlzcyI6InB1Yi0yMTM2MiIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.HtNWv1R1CGaDcVhKmMINxWq76scZDBHsSEftvbjnIJM 18-12-2020]) | * [[Uniswap]] ([https://ournetwork.substack.com/p/our-network-issue-51?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjoyNTk5MjIyMSwiXyI6ImM5eFJuIiwiaWF0IjoxNjA4MzE1MDc1LCJleHAiOjE2MDgzMTg2NzUsImlzcyI6InB1Yi0yMTM2MiIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.HtNWv1R1CGaDcVhKmMINxWq76scZDBHsSEftvbjnIJM 18-12-2020]) | ||
*Uniswap Labs; [https://uniswap.org/blog/bringing-web3-to-everyone participated] in the $165M Series B, and mentioned as a 'longtime investor'. | |||
*zkSync; due to the investment in Matter Labs, it can be expected that they also will own future zkSync token allocations. | |||
== Team == | == Team == | ||
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*[[Cooper Turley]]; advisor ([https://twitter.com/jessewldn/status/1367882269877284869?s=20 5-3-2021]), Venture Partner ([https://twitter.com/Cooopahtroopa/status/1453406063219200004 27-10-2021]). | *[[Cooper Turley]]; advisor ([https://twitter.com/jessewldn/status/1367882269877284869?s=20 5-3-2021]), Venture Partner ([https://twitter.com/Cooopahtroopa/status/1453406063219200004 27-10-2021]). | ||
*[[Jake Chervinksy|Jake Chervinsky]]; strategic advisor ([https://ournetwork.substack.com/p/our-network-issue-73?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozNjk1NzU2NSwiXyI6IitrN3VtIiwiaWF0IjoxNjIzMDQ3NTUyLCJleHAiOjE2MjMwNTExNTIsImlzcyI6InB1Yi0yMTM2MiIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.DudsiQRVcX_AvNiakeyZnw4qv10 29-5-2021]) | *[[Jake Chervinksy|Jake Chervinsky]]; strategic advisor ([https://ournetwork.substack.com/p/our-network-issue-73?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozNjk1NzU2NSwiXyI6IitrN3VtIiwiaWF0IjoxNjIzMDQ3NTUyLCJleHAiOjE2MjMwNTExNTIsImlzcyI6InB1Yi0yMTM2MiIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.DudsiQRVcX_AvNiakeyZnw4qv10 29-5-2021]) | ||
*[[Mason Nystrom]]; [https://nystrom.substack.com/p/joining-variant joined] as an Investment Partner (30-6-2022). | |||
[[Category:Investment Fund]] | [[Category:Investment Fund]] |
Latest revision as of 04:53, 12 August 2024
Basics
- From Spencer Noon (18-12-2020):
"Founded by Jesse Walden, formerly of a16z Crypto, Variant is a new early-stage venture firm that invests in crypto networks and platforms building The Ownership Economy. In a short matter of time, Variant has already emerged as one of the leading early-stage crypto funds too, backing top projects like Uniswap, Cozy Finance, and Reflexer Labs."
"Variant Fund formed in July, at the height of 2020’s “DeFi summer,” animated by the thesis that people who make platforms and products stronger can and should share in their growth."
Investments
- Aptos; took part in their $200m strategic round (15-3-2022).
- Aztec; part of their Series B $100M raise (16-12-2022).
- Bitclout; it's founder has mentioned this fund as an investor (23-3-2021).
- BoardRoom. Participated in a $2.2M raise for BoardRoom (13-10-2020).
- Braintrust; according to this thread (8-2021).
- Canto; since 23-1-2023
- Cozy Finance. Part of a $2M raise for Cozy Finance (3-9-2020).
- Hyperlane
- Farcaster; participated in the $150M Series A (22-5-2024).
- Fei Protocol; part of a $19M raise (9-3-2021).
- Goldfinch Protocol. Participated in a $1M funding round among a list of other funds (3-2-2021).
- Lens; part of the $15M raise by Aave (6-2023).
- Matter Labs; part of the $200M series C (16-11-2022)
- Morpho; took part in its second raise of $50M (1-8-2024)
- Reflexer; investor. Participated in a $1.68 million seed round (5-8-2020).
- TokenTerminal; they mention this as one of their 'community members' (1-8-2022), however, due to the nature of the ones named, we can assume these are investors.
- Uniswap (18-12-2020)
- Uniswap Labs; participated in the $165M Series B, and mentioned as a 'longtime investor'.
- zkSync; due to the investment in Matter Labs, it can be expected that they also will own future zkSync token allocations.
Team
- Jesse Walden
- Spencer Noon; general partner (18-12-2020).
- Stani Kulechov; venture partner (5-3-2021)
- Cooper Turley; advisor (5-3-2021), Venture Partner (27-10-2021).
- Jake Chervinsky; strategic advisor (29-5-2021)
- Mason Nystrom; joined as an Investment Partner (30-6-2022).