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The Venture Codex

Protocol VC

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

Overview

Venture capital firm accelerating innovation in computing.

Deals · 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Cayman Islands
United States

Sector focus

—

Investment portfolio

4rounds
NAMEDATESIZE
t54 Labs
Feb 2026Led
$5 MSeed
Belfort
Sep 2025Participated
$6 MSeed
Surus
Feb 2025Participated
$8 MSeed
Reppo Labs
Jan 2025Participated
$2 MOther Equity
t54 Labs
Feb 2026Led
$5 MSeed
Belfort
Sep 2025Participated
$6 MSeed
Surus
Feb 2025Participated
$8 MSeed
Reppo Labs
Jan 2025Participated
$2 MOther Equity
4
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Protocol VC: 4 funding rounds are recorded in the selected participation categories.All available history.
Protocol VC: 4 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed12
Other Equity01

Monthly Deal Activity

Protocol VC: 4 deals are recorded across 22 months.All available history.
Protocol VC: 4 deals are recorded across 22 months. All available history
MonthDeals
Jan '251
Feb '251
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Protocol VC: Fintech is the largest displayed sector by deal count (2 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 VC: Fintech is the largest displayed sector by deal count (2 deals). All available history
SectorDeals
Fintech2
Crypto & Blockchain1
Enterprise Software1

Deal Size Distribution

Protocol VC: 4 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 VC: 4 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M3
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Protocol VC: United States has the largest recorded deal count among the displayed regions (3 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Protocol VC: United States has the largest recorded deal count among the displayed regions (3 deals). All available history
RegionDeals
United States3
Cayman Islands1
Protocol VC: 19 co-investors are shown, with Anagram sharing 2 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 VC: 19 co-investors are shown, with Anagram sharing 2 recorded deals. All available history
Co-investorShared deals
Anagram2
ABCDE1
Blockchain Coinvestors1
Castle Island Ventures1
CMS Holdings1
Credibly Neutral1
CV VC1
Franklin Templeton1
Inovia Capital1
Plural Ventures1
Propel Venture Partners1
Protagonist1
Protocol Labs1
Prototype Capital1
Restive Ventures1
Ripple1
Syndicate One1
Virtuals Ventures1
Vsquared Ventures1

Investment Strategy

Protocol VC: Led accounts for 25% and participating for 75% of round participation.All available history.
Protocol VC: Led accounts for 25% and participating for 75% of round participation. All available history
CategoryDeals (count)Share (%)
Led125%
Participating375%
Protocol VC: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Protocol VC: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led1100%

Team

Brad Holden

Managing Partner