Variational Overview

  • Year Founded
  • 2021

Year Founded

  • Status
  • Private

  • Employees
  • 24

Employees

  • Latest Deal Type
  • Series A

  • Latest Deal Amount
  • $50M

  • Investors
  • 10

Variational General Information

Description

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.

Contact Information

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • Bella Vista, Avenida Balboa, P.H. Bay Mall Building
  • 3rd Floor, Office 304
  • Panama City
  • Panama
Primary Industry
Other Financial Services
Other Industries
Financial Software
Corporate Office
  • Bella Vista, Avenida Balboa, P.H. Bay Mall Building
  • 3rd Floor, Office 304
  • Panama City
  • Panama

Variational Timeline

2023202420252026
Financing RoundCaptured Employee CountEstimated Employee Growth

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Variational Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Later Stage VC (Series A) 20-May-2026 $50M Completed Generating Revenue
2. Early Stage VC 04-Jun-2025 Completed Product In Beta Test
1. Seed Round 01-Dec-2021 $10.3M $10.3M Completed Stealth
To view Variational’s complete valuation and funding history, request access »

Variational Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series A
Series A-1
Seed 5,218,091 $0.000010 6% $1.97 $1.97 1x $1.97 25.87%
To view Variational’s complete cap table history, request access »

VC Exit Predictor

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Opportunity Score

Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.

Exit Type

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Variational Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Variational Investors (10)

Investor Name Investor Type Holding Investor Since Participating Rounds
Caladan Venture Capital Minority
Mirana Ventures Venture Capital Minority
Zoku Ventures Venture Capital Minority
Bain Capital PE/Buyout Minority
Brevan Howard Asset Management Hedge Fund Minority
You’re viewing 5 of 10 investors. Get the full list »

Variational FAQs

  • When was Variational founded?

    Variational was founded in 2021.

  • Where is Variational headquartered?

    Variational is headquartered in Panama City, Panama.

  • What is the size of Variational?

    Variational has 24 total employees.

  • What industry is Variational in?

    Variational’s primary industry is Other Financial Services.

  • Is Variational a private or public company?

    Variational is a Private company.

  • What is the current valuation of Variational?

    The current valuation of Variational is .

  • What is Variational’s current revenue?

    The current revenue for Variational is .

  • How much funding has Variational raised over time?

    Variational has raised $61.8M.

  • Who are Variational’s investors?

    Caladan, Mirana Ventures, Zoku Ventures, Bain Capital, and Brevan Howard Asset Management are 5 of 10 investors who have invested in Variational.

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