VARIANT FUND PORTFOLIO 💼

Friends, we have a column where we take apart crypto funds. But not everyone understands the value of such content.

If you consider the crypto market not just as a "topic" but as a further vector of your development, then understanding the funds is a fundamentally important aspect. It is an integral part of conducting your own DYOR on new projects.

So next up we have another VC with well-stocked bags ⬇️

Variant Fund is a young Tier-1 fund investing in the following sectors of the crypto industry:

- DeFi (40%);

- Blockchain Service (20%);

- Blockchain Infrastructure (20%);

- Decentralized social media (10%);

- GameFi (10%).

There is no exact date when the fund was founded, but it is known that the first investment was September 3, 2020 in the Cozy project.

➡️ Project founders Jesse Walden and Spencer Noon deserve special attention. Both have excellent experience in crypto, especially in the direction of fundraising.

Their experience is:

1. Jesse Walden:

- Worked at a16z in a program director role;

- was a development and innovation specialist at Spotify.

2. Spencer Noon:

- Funder of the OurNetwork project;

- Co-founder of DTC Capital;

- Experience with other non-crypto companies.

↪️ VC currently manages $560m in assets and has two active funds: Variant Fund II ($110m) and Cryptocurrency fund ($450M).

➡️ Variant is quite a young fund. It has only participated in 32 fundraising rounds, 10 of which it was the Lead Investor. Prominent investments include: Polkadot, Uniswap, Aleo and Syndicate.

🟠In the new infographic you can see the projects in which Variant invested.

❔Have you ever heard of this fund?

👍 - Yes

👎 - No