All funds
Protocol Ventures logo

Protocol Ventures

Website
$191Tdisclosed portfolio round capital
20 Dec, 2021last investment
10portfolio companies
10team members

Analyst signals

Portfolio activity and matriculation

Metrics use all recorded activity through 22 Jul 2026 across private, seed, series a, unknown. Later-round outcomes are capped at the period end.

70%companies with a later round · 7/10
0.09×median round-size step-up · n=7
Not availablemedian valuation step-up · n=0
0%recorded-solo rate · 0 solo / 11 syndicated
Finance · 2 companiesGaming · 1 companiesInfrastructure · 1 companies

These are activity signals, not fund-return metrics. Round capital is the full disclosed financing amount, not this fund's check size. “Recorded solo” means only one investor is present in the source data and is a lead signal, not verified lead status; syndicated rounds are a co-investor or follower signal. IRR, TVPI, DPI, ownership, exits, and market beta cannot be calculated from the available records.

Opportunities

Crypto jobs across Protocol Ventures's portfolio

16 current roles at companies backed by Protocol Ventures, sourced from JobStash's crypto job board.

People

Team

A

Ari Paul

Advisor, CIO Blocktower

A

Avichal Garg

Advisor, Managing Partner Electric Capital

G

Gary Hsueh

General Partner, Protocol Ventures

J

Jeff Bonforte

General Partner, Protocol Ventures

L

Linda Xie

Advisor, Co-Founder Scalar Capital

N

Nabeel Qadri

Managing Partner, Protocol Ventures

N

Naval Ravikant

Advisor, Co-Founder Meta Stable

P

Paul Veradittakit

Advisor, Partner Pantera Capital

R

Rick Marini

Managing Partner, Protocol Ventures

V

Vinny Lingham

Advisor, CEO Civic

Portfolio

Investments

Full financing histories for portfolio companies. Highlighted rounds are those where Protocol Ventures is recorded as an investor.

Aconomy Labs Inc. logo

Aconomy Labs Inc.

hybrid
Finance

Aconomy Labs Inc., branded as Pandora, is a Toronto-based AI-native product studio. It builds and operates agentic software and verifiable on-chain infrastructure, including a live real-world-asset marketplace and an agentic-commerce SDK.

Public Sale1 Aug, 2021$150K round$14M valuation
Seed1 Jun, 2021$2.4M roundSyndicated · 14 disclosed investors
Seed25 May, 2021$2.4T round
Aldrin (ex Cryptocurrencies.AI) logo

Aldrin (ex Cryptocurrencies.AI)

crypto

Stealth

Public Sale1 Jun, 2021$500K round$100M valuation
Unknown1 May, 2021$8M roundSyndicated · 10 disclosed investors
Bakkt logo

Bakkt

crypto
Payments

Bakkt is a digital asset platform providing stablecoin settlement, programmable payments, and financial infrastructure services for banks, fintechs, and payments providers.

Unknown1 Feb, 2024$50M round
Post-IPO Equity18 Oct, 2021$450T round
Unknown1 Oct, 2021$448M round
Series B16 Mar, 2020$300T round
Series A31 Dec, 2018$183T roundSyndicated · 13 disclosed investors
Cherry Network logo

Cherry Network

crypto

Cherry Network is a community-governed, open-source, decentralized layer-one blockchain project. It is purpose-built to connect Web 3.0 applications with decentralized file storage, providing a trustless, business-ready interface for decentralized applications and innovators building on its stack.

Seed20 Dec, 2021$2.9T roundSyndicated · 2 disclosed investors
Private1 Dec, 2021$2.9M roundSyndicated · 4 disclosed investors
DeFi 11 logo

DeFi 11

crypto
Gaming

DeFi11 is a defi powered gaming ecosystem for fantasy sports, NFT virtual world, Marketplace and P2P predictions. It is a chain agnostic solution with a decentralised mobile application with an in-built smart wallet, aiming to make gaming platforms safe from fraud and lack of transparency.

Public Sale1 Jun, 2021$635K round$41M valuation
Seed1 Jun, 2021$3.5M roundSyndicated · 19 disclosed investors
LayerZero logo

LayerZero

crypto
Infrastructure

LayerZero enables applications to move data and assets across blockchains through secure message passing with configurable security models.

Unknown10 Feb, 2026
Private token sale17 Apr, 2025$55T round
Unknown1 Apr, 2025$55M round
Series B1 Apr, 2023$120M round$3B valuation
Series A+31 Mar, 2022$135T round
Series A1 Mar, 2022$135M round
Series A16 Sep, 2021$6T roundSyndicated · 11 disclosed investors
Seed1 Apr, 2021$2T round
NiiFi logo

NiiFi

crypto
Finance

NiiFi is a DeFi platform built on patent-pending scaling technology, nahmii, to provide instant finality, low costs, and interoperability on the Ethereum blockchain. It offers tools like an AMM exchange (Swap) and a lending protocol, aiming to make DeFi accessible for mass adoption across industries such as gaming and fintech.

Public Sale1 Jun, 2021$275K round$40M valuation
Seed1 May, 2021$3M roundSyndicated · 7 disclosed investors
Ojamu logo

Ojamu

hybrid

Ojamu provides AI and blockchain-powered marketing solutions for the Web3 economy.

Public Sale1 Oct, 2021$251K round$12M valuation
Seed1 Oct, 2021$1.7M roundSyndicated · 12 disclosed investors
Panther Protocol logo

Panther Protocol

crypto
Privacy & Confidentiality

Panther Protocol develops confidential on-chain DeFi transaction infrastructure. Its modular private trading Zones are designed for financial service providers and enterprises, with programmable rules, compliance tooling, and access to DeFi liquidity.

Unknown1 Nov, 2021$22M round
ICO1 Jun, 2021$8T round
Unknown1 Jun, 2021$8M roundSyndicated · 26 disclosed investors
Seed13 Apr, 2021$3T round
Sheesha Finance logo

Sheesha Finance

crypto

Stealth

Seed1 Apr, 2021$9.4M roundSyndicated · 3 disclosed investors