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The Venture Codex

Protocol Labs

548 Market St 51207, San Francisco, California, 94104, United States

Overview

Research and development lab for network protocols and software systems.

Deals ยท 12mo

8

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Germany
Switzerland
United Kingdom
United States

Sector focus

Information Technology
Internet
Network Security
Privacy
...

Investment portfolio

57rounds
NAMEDATESIZE
Hemispheric
Jul 2026Participated
$52 MOther Equity
Neurosoft Bioelectronics
May 2026Participated
$8 MSeed
Akave
Mar 2026Participated
$7 MSeed
Blockcast
Feb 2026Participated
$3 MSeed
Huddle01
Feb 2026Participated
$7 MOther Equity
Enlightra
Dec 2025Participated
$15 MOther Equity
Synchron
Nov 2025Participated
$200 MSeries D
TransCrypts
Oct 2025Participated
$15 MSeed
Impossible Cloud
Jul 2025Participated
$33 MOther Equity
Reppo Labs
Jan 2025Participated
$2 MOther Equity
Akave
Nov 2024Led
$3 MSeed
Compute Labs
Jul 2024Led
$3 MSeed
Hemispheric
Jul 2026Participated
$52 MOther Equity
Neurosoft Bioelectronics
May 2026Participated
$8 MSeed
Akave
Mar 2026Participated
$7 MSeed
Blockcast
Feb 2026Participated
$3 MSeed
Huddle01
Feb 2026Participated
$7 MOther Equity
Enlightra
Dec 2025Participated
$15 MOther Equity
Synchron
Nov 2025Participated
$200 MSeries D
TransCrypts
Oct 2025Participated
$15 MSeed
Impossible Cloud
Jul 2025Participated
$33 MOther Equity
Reppo Labs
Jan 2025Participated
$2 MOther Equity
Akave
Nov 2024Led
$3 MSeed
Compute Labs
Jul 2024Led
$3 MSeed
57
Items
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Deal Distribution

Protocol Labs: 57 funding rounds are recorded in the selected participation categories.All available history.
Protocol Labs: 57 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed624
Series A28
Series B01
Series C+01
Other Equity015

Monthly Deal Activity

Protocol Labs: 57 deals are recorded across 103 months.All available history.
Protocol Labs: 57 deals are recorded across 103 months. All available history
MonthDeals
Apr '181
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '211
May '211
Jun '210
Jul '211
Aug '210
Sep '210
Oct '211
Nov '211
Dec '211
Jan '223
Feb '221
Mar '221
Apr '221
May '221
Jun '224
Jul '221
Aug '222
Sep '222
Oct '221
Nov '221
Dec '221
Jan '232
Feb '230
Mar '231
Apr '231
May '230
Jun '232
Jul '231
Aug '231
Sep '230
Oct '230
Nov '230
Dec '231
Jan '242
Feb '243
Mar '243
Apr '240
May '242
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '251
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '251
Aug '250
Sep '250
Oct '251
Nov '251
Dec '251
Jan '260
Feb '262
Mar '261
Apr '260
May '261
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Protocol Labs: Crypto & Blockchain is the largest displayed sector by deal count (36 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Protocol Labs: Crypto & Blockchain is the largest displayed sector by deal count (36 deals). All available history
SectorDeals
Crypto & Blockchain36
Enterprise Software16
Networks, Cloud & Communication16
Hardware & Robotics10
Fintech9
Cybersecurity & Privacy7
Data, Analytics & IT5
Media & Entertainment5
Health & Life Sciences5
AI & Machine Learning5
Professional Services4
Social & Community Platforms4
E-Commerce & Retail2
AR/VR2
Space & Frontier Tech2
Marketing & Advertising2
Developer Tools2
Manufacturing1

Deal Size Distribution

Protocol Labs: 57 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Protocol Labs: 57 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M25
$5M-$10M10
$10M-$25M10
$25M-$50M7
$50M-$100M4
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Protocol Labs: United States has the largest recorded deal count among the displayed regions (31 deals).All available history.

Top 10 of 10 regions; European countries are grouped as Europe.

Protocol Labs: United States has the largest recorded deal count among the displayed regions (31 deals). All available history
RegionDeals
United States31
Europe17
Canada2
1011
Israel1
Bahamas1
Hong Kong1
Cayman Islands1
India1
944021
Protocol Labs: 20 co-investors are shown, with Longhash Ventures sharing 7 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Protocol Labs: 20 co-investors are shown, with Longhash Ventures sharing 7 recorded deals. All available history
Co-investorShared deals
Longhash Ventures7
Fenbushi Capital6
HashKey Capital6
Y Combinator5
Alumni Ventures4
Blockchange Ventures4
Coinbase Ventures4
CoinFund4
Multicoin Capital4
1kx3
Asymmetry Ventures3
Big Brain Holdings3
Dapper Labs3
Digital Currency Group3
Good News Ventures3
Metaplanet3
Orange DAO3
Polychain Capital3
A Capital2
Alameda Research2

Investment Strategy

Protocol Labs: Led accounts for 14% and participating for 86% of round participation.All available history.
Protocol Labs: Led accounts for 14% and participating for 86% of round participation. All available history
CategoryDeals (count)Share (%)
Led814%
Participating4986%
Protocol Labs: Single-lead accounts for 38% and co-led for 63% of lead dynamics.All available history.
Protocol Labs: Single-lead accounts for 38% and co-led for 63% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead338%
Co-led563%

Team

Chris Brocoum

Head of Finance

Colin Evran

Biz Dev & Operations

Juan Benet

Founder,CEO,Engineer

Karola Kirsanow

Resarch Program Manager

Michelle Lee

Product

Mike Goelzer

Product & Strategic Management

Stefaan Vervaet

ECOSYSTEM

Teri Chadbourne

Front-End Web Developer | Open-Source Project Maintainer | Community Manager