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Variant Fund

Kingmaker TierBased on the data VC Catalog holds.

Kingmaker Tier: 93 out of 100

Also known as Variant CO Fund, L.P., Variant Community, Variant Community Fund II, LP, Variant Community Fund III, L.P., Variant Fund II, LP, Variant Fund III, L.P., Variant Fund IV, L.P., Variant Fund, L.P.

  • Generalist (firms only)
  • Multi stage
  • Crypto web3
  • Open source
  • VC
  • B2B
  • B2C
Investor type
VC
Investing status
Activeas of 2026-09-17Source (opens in a new tab)
Headquarters
BROOKLYN, NY, United States
Assets under management
$222MStated by firm, as of 2026-09-17Source (opens in a new tab)
Latest fund size
$165MForm ADV gross asset value, as of 2022Source (opens in a new tab)
Funds
10
Legal name
UNOFFICIAL MANAGEMENT, INC.
Claim, correct or request removal

Record updated 29 September 2026

About

Variant is a venture capital firm focused on markets, infrastructure, and applications that increase user agency.

Investment approach

Thesis
Variant invests in technology that expands autonomy. We focus on new markets, infrastructure, and applications that give users more agency through increased access, knowledge, and ownership.Source (opens in a new tab)
Leads rounds
Yes
Lead policy
a new $222M venture fund that leads at the earliest possible stage and participates in liquid/growth investments as projects mature
Investing status notes
Today we’re announcing Variant 4, a new $222M venture fund that leads at the earliest possible stage and participates in liquid/growth investments as projects mature.

Funds

Variant Fund IV, L.P.
$221MVintage 2025, Main fund, SEC amount sold
Variant Holding I, L.P.
$6MVintage 2022, SPV, SEC amount sold
Variant Fund III, L.P.
Vintage 2022Main fund
Variant Community Fund III, L.P.
Vintage 2022Main fund
Variant CO Fund, L.P.
Vintage 2022Main fund
Variant Fund II, LP
$100MVintage 2021, Main fund, SEC amount sold
Variant Community Fund II, LP
$10MVintage 2021, Main fund, SEC amount sold
Variant Opportunity Fund, L.P.
Vintage 2021Main fund
Variant Fund, L.P.
$13.4MVintage 2019, Main fund, SEC amount sold
VARIANT FUND IV, L.P.
Main fund

SEC registration

Registered adviser
UNOFFICIAL MANAGEMENT, INC.
SEC file number
801-126333
Registration
SEC registered
Regulatory AUM
$729Mas of 2026-05-06
Private funds reported
8
Principal office
NEW YORK, NY, United States
SEC CIK
1802423, 1861370, 1889262
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