Fundraising Fox

Protocol Ventures

Fund of funds

San Francisco · Seed–Series A · 11 people tracked

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Investment thesis

Protocol Ventures positions itself as the first and leading fund of funds in the crypto asset class. Rather than picking individual tokens or companies, it allocates capital across a curated set of top-performing crypto hedge funds. Portfolio funds invest in highly liquid crypto assets, SAFTs, and equity of leading blockchain-related companies. Protocol selects fund managers based on past and expected performance, management quality, and complementary strategies, aiming to give investors diversification through a single LP investment. It aligns with managers who have deep technical blockchain understanding, asymmetric industry insight, strong global networks, a value-add approach, and a clear differentiated investment thesis.

Invests inCrypto & Web3GlobalSan Francisco

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Series A
Check
$5M
HQ
San Francisco, CA, US
Leads rounds
Follows
Instruments
Equity
Founded
2017

Team · 11 people

from the firm's website & public directories
Gary Hsueh· General Partner
Jeff Bonforte· General Partner
Linda Xie· Advisor; Co-Founder, Scalar Capital
Nabeel Qadri· Managing Partner
Ari Paul· Advisor; CIO, BlockTower
Avichal Garg· Advisor; Managing Partner, Electric Capital
Paul Veradittakit· Advisor; Partner, Pantera Capital
Vinny Lingham· Advisor; CEO, Civic

Frequently asked questions

What stage does Protocol Ventures invest at?
Protocol Ventures invests at the Seed, Series A stages.
What is Protocol Ventures's typical check size?
Protocol Ventures typically writes checks of $5M.
What sectors does Protocol Ventures focus on?
Protocol Ventures focuses on Crypto & Web3.
Where is Protocol Ventures located?
Protocol Ventures is headquartered in San Francisco, US.
Does Protocol Ventures lead rounds?
Protocol Ventures typically participates in rounds rather than leading them.

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