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Raises
Protocol Labs
Total Investments42
Infrastructure11
Web33
DePIN2
Digital Identity1
Storage1
DAO infrastructure1
DeFi1
Liquid Staking Protocol1
Privacy Infrastructure1
L21
AI1
NFT1
RWA1
| Name | Round | Category | Description | Lead Investor | Chains | Other Investors | |||
|---|---|---|---|---|---|---|---|---|---|
| Akave | Mar 2, 2026 | $6.65m | Seed | Infrastructure | Akave Cloud is a decentralized, S3-compatible object storage platform running on a dedicated Avalanche Layer 1 blockchain, providing compute-agnostic, egress-free storage with off-chain data distribution, on-chain Merkle tree-based cryptographic hashes for tamper-evident audit trails, programmable access controls, and seamless integrations for AI and analytics workloads like Snowflake and Apache Iceberg | Big Brain Holdings, Filecoin Ventures, Avalanche VC, No Limit Holdings, Protocol Labs | |||
| Lit Protocol | Oct 20, 2025 | $2m | Infrastructure | Lit Protocol is a decentralized network for key management and secure computation. It uses cryptography, confidential hardware, and peer-to-peer networking to manage keys and run private programs. Developers can enable features like universal wallet login, programmable encryption, and cross-network composability for Web2 and Web3 applications | RRE Ventures | Collab+Currency, Sfermion, Village Global, Protocol Labs | |||
| TransCrypts | Oct 8, 2025 | $15m | Seed | Digital Identity | TransCrypts is a blockchain platform for issuing, storing, and verifying official records like employment history, academic transcripts, and medical credentials. Designed for HR, education, and healthcare, it ensures authenticity with tamper-proof cryptographic proofs and integrates with existing enterprise systems. Trusted by organizations like Zoom and the National Guard, TransCrypts helps prevent fraud, streamline record management, and give users control over their verified data | Pantera Capital | Lightspeed Faction, Motley Fool Ventures, California Innovation Fund, Techstars, Alumni Ventures, Protocol Labs, Apertu Capital, Informed Ventures, Assym, Mark Cuban, Alpha Edison | ||
| Reppo | Jan 17, 2025 | $2.2m | Infrastructure | Permissionless Data Cordination Layer for AI | Protocol Labs, CV VC, CMS Holdings | ||||
| Spexi | Dec 5, 2024 | $11.5m | Series A | Web3 | Fly your drone, capture imagery, earn rewards. The first FLY-TO-EARN Network producing the most detailed Earth imagery | BlockChainge Ventures | Moonshots Capital, Protocol Labs | ||
| Akave | Nov 11, 2024 | $3.45m | Pre-Seed | L2 | Filecoin-based data-storage chain | Protocol Labs, Blockchange Ventures, Blockchain Builders Fund, Lightshift | |||
| Blockcast | Oct 15, 2024 | $2.85m | DePIN | DePIN Content Delivery Network (CDN) | Lattice Capital | Finality Capital Partners, Alliance Partners, Protocol Labs, RW3 Ventures, Zee Prime Capital | |||
| Compute Labs | Jul 3, 2024 | $3m | Pre-Seed | RWA | real-world asset (RWA) tokenization protocol focused on compute as its underlying asset | Protocol Labs | Blockchain Coinvestors, OKX Ventures, CMS Holdings, HashKey Capital, Amber Group, P2 Ventures, Sandeep Nailwal , Illia Polosukhin, Austin Federa, MH Ventures | ||
| Parasail | May 28, 2024 | $4m | Seed | DePIN | Parasail is an incentive interface designed to streamline Decentralized Physical Infrastructure Networks (DePIN) experiences by aggregating capital, hardware resources, and users | Protocol Labs | MH Ventures, DWF Ventures, D11 Labs, Fenbushi Capital, Escape Velocity, Modular Capital, Bitrise Capital, Foresight Ventures | ||
| WeatherXM | May 22, 2024 | $7.7m | Series A | Community-powered weather network | Lightspeed Faction | Protocol Labs, Borderless Capital, Arca, Alumni Ventures, Placeholder VC, Red Beard Ventures, Metaplanet | |||
| Prime Intellect | Apr 23, 2024 | $5.5m | Seed | AI | decentralized AI platform | Distributed Global, CoinFund | Compound, Collab+Currency, Protocol Labs, Clem Delangue, Dylan Patel, Riva Tez, Erik Voorhees, dcbuilder.eth, Scott Moore, Robert Drost, Shivani Mitra, Ben Fielding, Andrew Kang, James Brodie, Joe Lallouz | ||
| Zama | Mar 7, 2024 | $73m | Series A | Privacy Infrastructure | open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain and A | Multicoin Capital, Protocol Labs | Metaplanet, Blockchange Ventures, Vsquared Ventures, Stake Capital, Juan Benet, Anatoly Yakovenko, Gavin Wood | ||
| GLIF | Feb 6, 2024 | $4.5m | Seed | Liquid Staking Protocol | Filecoin liquid staking service | Multicoin Capital | Zee Prime Capital, FinTech Collective, Big Brain Holdings, Protocol Labs | ||
| Bagel | Jan 23, 2024 | $3.1m | Pre-Seed | Web3 | decentralized data platform aiming to support machine learning models | CoinFund | Protocol Labs, Borderless Capital, Maven 11, Graph Paper Capital, Breed VC | ||
| Canza Finance | Jan 16, 2024 | $3.2m | Strategic | Web3 | Web3 Innovation Powering African Finance | Polychain Capital | Protocol Labs, Ava Labs, 99 Capital, Bitscale Capital, Stratified Capital, Contango Digital Assets, Kairon Labs, Hyperithm, Stateless Ventures, YTWO, MapleBlock Capital, HASH CIB | ||
| web3mine | Dec 20, 2023 | $6m | Seed | Infrastructure | Web3 infrastructure | 1kx | Protocol Labs | ||
| Huddle01 | Apr 7, 2023 | $4.8m | Seed | Infrastructure | Decentralized infrastructure & network that powers cross-chain audio & video communication between users | Hivemind Capital Partners | Superscrypt , M31 Capital, Protocol Labs, East Ventures, Longhash Ventures, Good News Ventures, Balaji Srinivasan, Stani Kulechov, Dan Romero, Juan Benet | ||
| Toku | Mar 8, 2023 | $20m | token-based payroll and tax compliance solutio | Blockchain Capital | Protocol Labs, GMJP, OrangeDAO, Orrick, Reverie, Quantstamp, Next Web Capital, Nikil Viswanathan, Joe Lau | ||||
| Impossible Cloud | Mar 1, 2023 | $7m | Seed | Storage | Decentralized storage | HV Capital, 1kx | Protocol Labs, TS Ventures, Very Early Ventures | ||
| Polybase | Feb 22, 2023 | $2m | Pre-Seed | Infrastructure | Privacy-focused web3 database | 6th Man Ventures | Protocol Labs, Orange DAO, Alumni Ventures, NGC Ventures, CMT Digital | ||
| QuickNode | Jan 24, 2023 | $60m | Series B | Infrastructure | Web3 infrastructure | 10T Holdings | $800m | Tiger Global, 776, Protocol Labs, QED Investors | |
| Fleek | Dec 1, 2022 | $25m | Series A | Decentralized content and application delivery network for web3 | Polychain Capital | Protocol Labs, Arweave, Coinbase Ventures, DCG, North Island Ventures, Distributed Global, The Lao, Argonautic Ventures | |||
| Sepana | Nov 8, 2022 | $10m | Private | Decentralized search platform | Hack VC, Pitango First | Protocol Labs, Lattice Capital, Balaji Srinivasan |