Key facts
- Variational’s last known valuation is $32.8M (Dec 2021).
- It has raised $11.8M; the latest was Early Stage VC ($1.5M) in Jun 2025.
- Notable investors include Peak XV Partners, Coinbase Ventures, Hack VC, Mirana Ventures, Dragonfly Capital (San Francisco) — 10 tracked in total.
- Status: Privately Held (backing).
- ·The complete investor list — 10 names
- ·Watchlist + deal alerts for Variational
- ·The full record, as it builds
Funding rounds
No funding rounds for Variational are on record yet — either the company hasn't raised institutional capital, or the raise hasn't surfaced in our sources.
About Variational
Developer of a decentralized protocol designed to provide infrastructure for peer-to-peer trading, clearing, and settlement of perpetuals and generalized derivatives. The company offers a variational protocol supporting bilateral trading of options, futures, perpetuals, and exotics, with applications such as Omni for perpetuals and Pro for institutional over-the-counter (OTC) derivatives, enabling traders and institutions to access customizable and efficient derivatives markets.
- Sector
- Information Technology
- HQ
- Panama City, Panama
- Founded
- 2021
- Employees
- 10
- Website
- variational.io/
- Ownership
- Privately Held (backing)
Variational doesn't have a composite mark yet — a PA Mark is published once enough pricing inputs exist (trade prints, fund marks, round prices). The rest of the record below builds toward it.
Recorded secondary trades
No secondary trades in Variational shares have been recorded yet. When a print lands — third-party, direct report, or platform — it appears here with structure, source, and price.
Institutional fund marks
No SEC-registered fund has reported a fair-value mark on Variational in its N-PORT filings yet. We sweep new filings monthly.