Protocol VC
548 Market St 51207, San Francisco, California, 94104, United States
Overview
Protocol VC is a venture capital firm focused on accelerating innovation and helping founders build the future of computing.
- Total investments
- 4
- Lead investments
- 1
- Investments · 12mo
- 2
- Active investors
- 1
Investment portfolio
- t54 Labs
Led · Seed · Feb 2026
T54 Labs is a San-Francisco-based startup building a layer service that underpins the emerging autonomous or “agentic” economy. Its platform offers agent identity verification, real-time risk assessment, and compliance frameworks tailored to AI agents, ensuring transactions remain secure, auditable, and accountable. By focusing on these trust and compliance primitives, the company aims to facilitate widespread institutional adoption of autonomous operations. The firm was founded by Chandler Fang and positions itself as critical infrastructure for organizations deploying AI-driven agents. With the fresh capital, T54 Labs plans to expand its engineering team, accelerate product development, and deepen partnerships with institutions embracing autonomous workflows. The recent $5 million seed round marks its first disclosed financing and provides runway to scale both technology and go-to-market efforts.
- Belfort
Participated · Seed · Sep 2025
Belfort is a spin-off from KU Leuven’s COSIC lab that develops purpose-built hardware to make fully encrypted computation feasible at scale. Its accelerator processes data while it remains encrypted, removing exposure risks to servers, cloud operators, or insiders and opening secure use cases in blockchain, finance, healthcare, and government. The product is already listed on AWS Marketplace and positions Belfort as the first company to commercialize dedicated silicon for encrypted compute. Seed funding will allow the company to double its headcount and expand enterprise pilots out of its San Francisco and Leuven offices. The founding team combines deep cryptographic research experience with industry backgrounds at Intel, Microsoft Research, Kraken Ventures, and Google[x]. Their technology stems from years of ERC-funded research and a competitive DARPA contract, underscoring strong technical defensibility. While revenue and user numbers were not disclosed, the $6 million seed round provides the runway to advance product development and early customer deployments.
- Surus
Participated · Seed · Feb 2025
Surus is an institutional-grade asset management and custody platform that equips builders to create, sell, and manage tokenized assets within a regulated legal structure. Powered by Surus Trust Company — a wholly owned subsidiary that received regulatory approval from the North Carolina Commissioner of Banks — the platform offers fiduciary asset management, custody for traditional and crypto-native assets, brokerage and payment system connectivity, compliance tools, and multichain tokenization capabilities. In Q1 2025 Surus said it will partner with companies to service three lines of business: reserve management for tokenized assets and stablecoins, digital asset trusts, and end-to-end tokenization with custom fiduciary services. The company positions itself to support tokenized financial products and settlement services, including customizable asset reserve management and settlement for stablecoins. Patrick Murck is the founder and CEO, and Castle Island Ventures partner Nic Carter said he is backing Surus and joining the board. The company is based in Asheville, N.C.
- Reppo Labs
Participated · Equity · Jan 2025
Reppo builds a permissionless coordination layer where prediction-market mechanics and staking convert human judgments into verifiable on-chain signals for AI training. Its Datanets are focused sub-networks (e.g., medical, legal, gaming) that act as marketplaces for niche, multimodal data and can be spun up by AI agents or developers; the team aims to reach over 100 Datanets by June 2026. The REPPO token powers participation, requires staking for contributors, has a capped supply of 1 billion and includes deflationary mechanics to reward long-term holders. Reppo reports trading volumes exceeding $2 million in the past month and claims its system can deliver fresh human-vetted data every 48 hours. The protocol emphasizes financial incentives to improve data quality—rewarding accurate contributors and penalizing poor inputs—to address labeling noise and bias common in centralized datasets. Reppo has progressed from a $2 million seed round to the recent $20 million strategic commitment and plans to use the new capital to scale infrastructure, improve protocol throughput, and build integrations for AI teams.
Team
Brad Holden
Managing Partner
LinkedIn