Variational
2 funding rounds
Variational is a protocol that provides infrastructure for peer-to-peer trading, clearing, and settlement of perpetuals and generalized derivatives. The Variational Protocol enables safe and efficient bilateral trading of options, futures, perpetuals, exotics, and more. Multiple apps have been built on the Variational Protocol, including Omni for perpetuals trading and Pro for institutions to trade customizable OTC derivatives
Total Raised
$51.5M
Variational Funding Overview
As of August 2026, Variational has raised $51.5M across 2 tracked funding rounds. Its latest round was a Series A on May 20, 2026, raising $50M. Lead investors include Dragonfly Capital. Variational operates in Trading, DeFi. Newly funded tokenless projects like this can become future airdrop candidates — see the crypto airdrops list and all fundraising rounds.
Funding Rounds History
Series A
SyncedMay 20, 2026
$50M
Lead Investors
Other Investors
Undisclosed Round
SyncedJun 4, 2025
$1.5M
Other Investors
Variational Funding FAQ
- How much has Variational raised?
- Variational has raised $51.5M in total across 2 tracked funding rounds, based on publicly announced rounds tracked by Alpha Drops.
- Who are Variational's investors?
- Variational's tracked investors include Dragonfly Capital, Coinbase Ventures, Bain Capital Crypto, Mirana Ventures, Caladan, Zoku Ventures. Lead investors include Dragonfly Capital.
- When was Variational's latest funding round?
- Variational's most recent tracked round was a Series A on May 20, 2026, raising $50M.