Variant raises $222 million for new fund with a thesis of AI, crypto and ‘autonomy’

Variant, a venture capital firm, has secured $222 million for its new fund, focusing on artificial intelligence, cryptocurrencies, and autonomous technologies. The firm's founder, who previously contributed to Andreessen Horowitz's early crypto strategy, believes these areas will drive the next wave of decentralization. This significant investment underscores the growing confidence in AI, crypto, and autonomy as pivotal technologies shaping the future. With this capital, Variant aims to back innovative startups that could redefine industries and push technological boundaries.