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Variant

Investor profile

Venture capital

Variant has backed 5 European tech companies across 6 funding rounds between 2022 and 2026, joining rounds totalling €325M. Most active in Fintech and Deeptech. Data as of Nov 2026.

Also recorded as: Variant Fund

Deals
6
distinct rounds
Companies
5
backed
Active span
2022–2026
5 yrs
Total round €
€325M
sum of rounds joined

Deals by year

distinct rounds / year
Variant — deals by year — interactive chart.
Data table
Variant — deals by year
20223
20251
20262

Top sectors

by deals
Variant — top sectors — interactive chart.
Data table
Variant — top sectors
Fintech5
Deeptech1

Stages

by deals
Variant — stages — interactive chart.
Data table
Variant — stages
Other4
Seed1
Series B1

Countries

by deals
Variant — countries — interactive chart.
Data table
Variant — countries
UK3
France2
Switzerland1

Co-investment network

shared rounds
Co-investment network — interactive chart.
Variant — 6 dealsVarianta16z Crypto — 3 shared deals · click to opena16z CryptoA Capital — 1 shared deals · click to openA CapitalApollo — 1 shared deals · click to openApolloAVG — 1 shared deals · click to openAVGBam Azizi — 1 shared deals · click to openBam AziziBlockchain Builders Fund — 1 shared deals · click to openBlockchain Builders FundBpifrance — 1 shared deals · click to openBpifranceCastle Island Ventures — 1 shared deals · click to openCastle Island VenturesCircle Ventures — 1 shared deals · click to openCircle VenturesCMCC Global — 1 shared deals · click to openCMCC GlobalCoinbase Ventures — 1 shared deals · click to openCoinbase VenturesDeus X — 1 shared deals · click to openDeus XFalconX — 1 shared deals · click to openFalconXFenbushi Capital — 1 shared deals · click to openFenbushi CapitalFormation — 1 shared deals · click to openFormationFTX — 1 shared deals · click to openFTXGalaxy Ventures — 1 shared deals · click to openGalaxy VenturesHash Key — 1 shared deals · click to openHash Key

Hover a node for shared-deal counts; click a co-investor to open its profile.

Best viewed on a larger screen.

Portfolio

top 30 by total round €
CompanyCountryRoundsTotal €
MorphoFrance2€169M
AztecUK1€115M
EulerUK1€30M
LevlSwitzerland1€5.9M
Project ElevenUK1€5.2M

Biggest deals

top 10 by amount
CompanyStageAmountDate
MorphoOther€151M2026-06
AztecSeries B€115M2022-12
EulerOther€30M2022-06
MorphoOther€18M2022-07
LevlSeed€5.9M2026-02
Project ElevenOther€5.2M2025-06
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