United States
Variational
$50.0M
Series A
Summary
Variational raised about USD 50 million in a Series A round led by Dragonfly, with support from Bain Capital Crypto, Coinbase Ventures, and other strategic investors. The company plans to use the capital to expand its real-world asset market listings and deepen liquidity. Variational is a peer-to-peer trading protocol for perpetuals and generalized derivatives.