85
Variant Fund IV, L.P. files a $250M venture capital fund
New fund · Venture capital · Pre-first close · Offering $250M · NEW YORK, NY · filed 2025-09-08
Pre-first closeFirst filing by this entityrepeat_fund_numeral
55
Variant Fund IV, L.P. updates its Form D — $221.2M sold
Fund raise update · Venture capital · Raising · NEW YORK, NY · Form D/A filed 2026-09-09 · all Variant vehicles
$100M+ soldCapital closing now
How this compares
- $250M is larger than 99% of the 7,726 venture capital fund launches with a stated size in the last two years; the median is $1.1M.
- Among 1,694 fund launches filed from NY in the same window it is larger than 95%; the NY median is $5M.
- Across 444 venture capital sponsors with more than one launch on EDGAR, the median gap between consecutive funds is 3 months.
- This is the sponsor's 2nd fund launch on EDGAR; the previous one, Variant Fund IV, L.P., was filed 12 months earlier at $250M.
Computed from every Form D fund launch on EDGAR since late 2024, not sampled. Amounts are the stated offering size; indefinite offerings are excluded.
Raise progress
Sold rose to $221.2M (+$221.2M, +55 investors) in 366 days since the previous filing.
| Filed | Form | Sold | Investors | Change |
|---|---|---|---|---|
| 2025-09-08 | D | $0 | 0 | |
| 2026-09-09 | D/A | $221.2M | 55 | +$221.2M |
Amount sold and investor count as restated on each of the issuer's Form D filings. A rise since the previous filing is capital closed in between.
Variant on EDGAR
Earlier and related filings by the same issuer and sponsor. All Variant vehicles →
Registered adviser
name matchVARIANT (UNOFFICIAL MANAGEMENT, INC.)
- Registration
- SEC-registered adviser · since 2022-07-29
- Regulatory AUM
- $729M
- Employees
- 12
- Private funds on Form ADV
- Yes
- Office
- New York, NY
Website and main-office phone from Form ADV. Subscribe to unlock
Incumbent service providers
Schedule D for this adviser has not been read yet; it is queued.
Other Form D filings by this adviser
1 other filing on EDGAR under this adviser, with size, strategy and date. Subscribe to unlock
People on the filing
| Jesse Walden | Executive Officer |
| N/A Variant Fund IV GP, LLC | Executive Officer |
[email protected] · observed Work emails for the people on the filing, where the firm publishes or patterns them, labelled by confidence — subscribers
Signed by Caleb Shough, Authorized Signatory.
Why now — by persona
Relevant to: Fund audit & tax, Fund administrator, Placement agent / capital introduction, Custodian / prime broker.
Filing contact
The issuer's phone number and address from the filing are shown to subscribers. See plans.