Variant raises $222 million for new fund with a thesis of AI, crypto and 'autonomy' A VC who helped Andreessen Horowitz design its early crypto strategy has big ideas on the next era of decentralization. Fortune · Jun 3
Hyperliquid launches DeFi-focused policy shop led by prominent crypto lawyer Jake Chervinsky The Hyperliquid Policy Center, backed by a $28 million donation, will focus on creating legal pathways for perpetual derivatives. Fortune · Feb 18
Subzero Labs raises $20 million to build a blockchain for the ‘real world’ Pantera Capital led the fundraise, with participation from Variant, Coinbase Ventures, and Susquehanna Crypto. Fortune · Aug 1, 2025
AI company Hyperbolic raises $12 million in a Series A funding round led by Polychain Capital and Variant The company sells computer power by aggregating time from unused GPUs. Fortune · Dec 10, 2024
Crypto’s decentralization problem: The word is used too often to justify bad product decisions A conversation with the VC firm Variant shows that some in the industry are taking a more practical view of the decentralization ideal. Fortune · Oct 6, 2023
Jake Chervinsky—’the Jimi Hendrix of crypto law’—is joining Variant from the Blockchain Association "There's no way to succeed globally if you can't use the U.S. market," said Chervinsky, who spent nearly two years at the Blockchain Association. Fortune · Oct 3, 2023
Alluvial raises $12 million to build out Liquid Collective, an Ethereum staking protocol for institutions Backers for Liquid Collective developer's Series A include Ethereal Ventures, Variant, Brevan Howard Digital, Coinbase Ventures, and Kraken. Fortune · Jul 11, 2023
NFT artist pplpleasr just raised $7M to reinvent film production Shibuya is seeking to empower fan participation in moviemaking and to challenge the Hollywood studio system. Fortune · Dec 8, 2022
JPMorgan Downgrades US Xpress Enterprises To Underweight After Mixed Q4 Results JPMorgan analyst Brian Ossenbeck downgraded US Xpress Enterprises Inc (NYSE:USX) to Underweight from Neutral without a price target. Ossenbeck mentions that the company's execution continues to trail peers while strategic initiatives add to the near-term headwinds in truckload and brokerage. The analyst says U.S. Xpress's recent setback of the transition to the Variant digital fleet will… Benzinga · Feb 10, 2022