# Variant (slim)

> Variant's investments in AI tools on Anchor Terminal, Plastic Labs, Hyperbolic Labs, Inc. and Turnkey Global, Inc., with each listing's grade and the founders behind it.

- Full: https://www.anchorterminal.com/investors/variant/index.md (~650 tokens) · this version ~530 tokens · JSON https://www.anchorterminal.com/investors/variant/index.json · canonical https://www.anchorterminal.com/investors/variant/
- Index: https://www.anchorterminal.com/llms.txt · API: https://www.anchorterminal.com/api/v1/index.json · MCP: https://www.anchorterminal.com/mcp · Updated: 2026-10-28
- Licence: CC BY 4.0, credit Anchor Terminal and link this page (https://www.anchorterminal.com/terms/#data)

Venture firm.

Website: https://variant.fund

## Companies on Anchor Terminal

- **Plastic Labs**, Pre-seed, May 2025, led a round
  - [Honcho](https://www.anchorterminal.com/tools/honcho.md), graded B, 64.1/100
  - Source: https://blog.plasticlabs.ai/posts/Launching-Honcho;-The-Personal-Identity-Platform-for-AI
- **Hyperbolic Labs, Inc.**
  - [Hyperbolic](https://www.anchorterminal.com/tools/hyperbolic.md), graded D, 48.2/100
  - Source: https://www.hyperbolic.ai/about-new
- **Turnkey Global, Inc.**, Series B, June 2025
  - [Turnkey Agentic Wallets](https://www.anchorterminal.com/tools/turnkey-agentic-wallets.md), graded BB, 76.1/100
  - Source: https://www.turnkey.com/blog/30m-series-b-to-secure-the-next-era-of-crypto

## Where they invest

- Agent memory, 1
- GPU & serverless compute, 1
- Agent wallets & spending controls, 1

## Founders they backed

- [Jasper Zhang](https://www.anchorterminal.com/people/jasper-zhang/), Hyperbolic Labs, Inc.
- [Yuchen Jin](https://www.anchorterminal.com/people/yuchen-jin/), Hyperbolic Labs, Inc.
- [Bryce Ferguson](https://www.anchorterminal.com/people/bryce-ferguson/), Turnkey Global, Inc.
- [Jack Kearney](https://www.anchorterminal.com/people/jack-kearney/), Turnkey Global, Inc.

## Questions

### Which AI tools has Variant invested in?

Anchor Terminal lists Plastic Labs, Hyperbolic Labs, Inc.

### How are Variant's companies graded?

On Anchor Terminal's benchmark, Honcho (B, 64.1), Hyperbolic (D, 48.2) and Turnkey Agentic Wallets (BB, 76.1).

Investors are named from the companies' own announcements, the investors' own pages, Y Combinator's company pages, public filings and news reports of a round, each with its source.