Firms

Variant Fund

Variant Fund

variant.fund

Variant Fund is a New York venture firm founded in 2020. It invests primarily at seed and selectively through Series A and growth, including liquid venture, in technology intended to expand individual autonomy. Its current investment interests include open-source infrastructure, autonomous systems, cryptography, security, new markets and regulatory policy. Its original ownership-economy strategy used blockchain networks to give users control of identity, money and data. Verified AI and deep-tech relationships include decentralized model training at Pluralis Research, GPU inference at Hyperbolic and post-quantum security at Project Eleven. Portfolio and product claims are the manager’s own statements, not independent performance validation. This manager at variant.fund is unrelated to the existing Variant Company at variant.ai, Investor3631. Its legal investment adviser is Unofficial Management, Inc., doing business as Variant (SEC CRD306409). Its legal investment adviser is Unofficial Management, Inc., doing business as Variant (SEC CRD306409).

Founded
2020
Type
Venture capital

Funds8

  • Variant Fund IV, L.P.$222M

    Exact legal fund listed in May6,2026 SEC ADV, private-fund ID 805-3344022502. Actual final closed capital and closing date unverified; amount/date NULL. ADV asset values not used as cash raised. Filing says newly created vehicle had not called investor capital as of2025Dec31; not represented as a cash close.

  • Variant Fund III – Opportunity Fund$300M

    Manager confirms raised $300M opportunity fund, separate from $150M seed vehicle. $450M aggregate is not another fund record; exact legal label not inferred.

  • Variant Fund III, L.P.$150M

    Exact legal fund listed in May6,2026 SEC ADV, private-fund ID 805-4690523021. Existing primary announcement amount describes the corresponding fund strategy/family; exact allocation to this main versus community parallel partnership not separately disclosed. Do not sum parallel records as extra capital.

  • Variant Fund II, LP$110M

    Exact legal fund listed in May6,2026 SEC ADV, private-fund ID 805-7638455194. Existing primary announcement amount describes the corresponding fund strategy/family; exact allocation to this main versus community parallel partnership not separately disclosed. Do not sum parallel records as extra capital.

  • Variant Co Fund, L.P.—

    Exact legal fund listed in May6,2026 SEC ADV, private-fund ID 805-9472717958. Actual final closed capital and closing date unverified; amount/date NULL. ADV asset values not used as cash raised.

  • Variant Community Fund II, LP—

    Exact legal fund listed in May6,2026 SEC ADV, private-fund ID 805-9452146170. Actual final closed capital and closing date unverified; amount/date NULL. ADV asset values not used as cash raised.

  • Variant Community Fund III, L.P.—

    Exact legal fund listed in May6,2026 SEC ADV, private-fund ID 805-4627377821. Actual final closed capital and closing date unverified; amount/date NULL. ADV asset values not used as cash raised.

  • Variant Fund, L.P.—

    Exact legal fund listed in May6,2026 SEC ADV, private-fund ID 805-2177975727. Actual final closed capital and closing date unverified; amount/date NULL. ADV asset values not used as cash raised.

Team

Jesse Walden
Jesse Walden

Variant Fund, Founder and Managing Partner

$500K$250K – $750KNew York

Operations and support

Alana LevinAlana LevinInvestment Partner
Austin AdamsAustin AdamsAdvisor
Caleb ShackCaleb ShackInvestment Partner
Caleb ShoughCaleb ShoughCOO
Chase AlmenChase AlmenCFO
Daniel BarabanderDaniel BarabanderInvestment Partner & Chief Legal Officer
Elijah FoxElijah FoxInvestment Partner
Jake ChervinskyJake ChervinskyAdvisor
Justin KoonceJustin KoonceFinance Lead
Maria FalconeMaria FalconeExecutive Assistant
Sabina BeleuzSabina BeleuzDeputy General Counsel & Investor
Salah GhazzalSalah GhazzalAdvisor
Tara KodoskyTara KodoskyOffice Manager & Operations Analyst
Tom DilsTom DilsDirector of Operations

Co-investing

Balaji Srinivasan
Castle Island Ventures
Formation VC
Nebular
Quantonation

Investments