Variant Fund
Venture capital firm
- Dead projects
- 10
- Rounds led
- 2
- Total announced
- $118M
- Latest round
- Feb 2025
Rounds
| Project | Round | Date | Announced |
|---|---|---|---|
| ReservoirDiscontinued | Series A | Feb 2025 | $14M |
| BonfireDead | Seed (total disclosed at public launch) | Dec 2022 | $6.2M |
| EntropyDead | Seed | Jun 2022 | $25M |
| FormfunctionDead | SeedLead | Mar 2022 | $4.7M |
| Aztec ConnectDiscontinued | Series A (raised by Aztec) | Dec 2021 | $17M |
| Sound.xyzDiscontinued | Seed | Dec 2021 | $5M |
| TesseraDead | Seed | Aug 2021 | $7.9M |
| Yield ProtocolDead | Series A | Jun 2021 | $10M |
| Gro ProtocolDiscontinued | Seed | Mar 2021 | $7.1M |
| Fei ProtocolDiscontinued | Venture round | Mar 2021 | $19M |
| ReservoirDiscontinued | Pre-seed (2021)Lead | Unknown | $2M |
Announced is the size of the whole round, not this investor’s allocation. Backing a project that later failed is an ordinary outcome of venture investing and is recorded here as a fact, not a judgement.