Variational (Seed)
Funding Details
- Awarder
- Inbox
- Date Award
- July 01, 2021
- Vertical
- Crypto Derivatives Trading
- Funding URL
- View Funding Page
- Funding Amount:
- $10,300,000
Company Info
- Founding Year
- 2021
- Traction
- Variational has launched its testnet and is preparing for the mainnet, with plans to expand its team and product offerings.
- Founders
- Lucas Schuermann, Edward Yu
- Company Description
- Variational is a peer-to-peer crypto derivatives trading protocol built on the Ethereum Layer 2 network Arbitrum, enabling seamless execution of customized derivatives contracts using automated infrastructure.
- Market
- Peer-to-peer trading and settlement
- Location
- Cayman Islands
- Coinvestors
- Bain Capital Crypto, Peak XV Partners, Coinbase Ventures, Dragonfly Capital, North Island Ventures, Hack VC