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.

Protocol Ventures

Fund of funds

San Francisco · Seed–Series A · 15 people tracked

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Find your way into Protocol Ventures

212 people in our graph share verified history with the Protocol Ventures team — schools, employers, funds. One of them is your warm intro.

Cosmo Jiangunlockedknows Nabeel Qadri · together at Evercore (overlapped)

×5knows the team · via University of Michigan - Stephen M. Ross School of Business

knows the team · via Evercore

×2knows the team · via Starkware

×2knows the team · via Stellar Development Foundation

knows the team · via Pronomos Capital

✨ Fox Verdict

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 & Web3 Global San Francisco

Source: firm website, verified Aug 3, 2026.

Stage

Seed–Series A

Check

$5M

San Francisco, CA, US

Leads rounds

Follows

Instruments

Equity

Founded

2017

Tracked investments

Unicorns

Team · 15 people

from the firm's website & curated & public directories

Naval Ravikant· Advisor; Co-Founder, MetaStable· San Francisco, CA𝕏

Naval Ravikant co-founded AngelList, the platform that turned angel investing into infrastructure through syndicates and rolling funds. His own early checks included Twitter, Uber, and Postmates, and his writing and podcast appearances on wealth, leverage, and happiness have earned him an audience well beyond Silicon Valley. He remains AngelList's chairman and continues to invest personally.

Gary Hsueh· General Partner

Jeff Bonforte· General Partner

Linda Xie· Advisor; Co-Founder, Scalar Capital

Nabeel Qadri· Managing Partner

Rick Marini· Managing Partner

Managing Partner at Protocol Ventures who appeared on the Flippening crypto investing podcast in January 2018.

Nabeel Qadri· Managing Partner· San Francisco Bay Areain

A University of Michigan Ross School of Business finance and accounting graduate who began his career in M&A at Evercore Partners. He is Managing Partner of crypto fund of funds Protocol Ventures I and II and has been an active crypto investor since 2014.

n•••@3point.ioreveal

Ari Paul· Advisor; CIO, BlockTower

Avichal Garg· Advisor; Managing Partner, Electric Capital

Paul Veradittakit· Advisor; Partner, Pantera Capital

Vinny Lingham· Advisor; CEO, Civic

Arij M Nazir· Executive Officer

Harry Yeh· Executive Officer

Michael Levit· Executive Officer

Richard G. Marini, Jr.· Executive Officer

What they invest in

from 2 of 2 portfolio companies

Crypto & Web3 ×2AI & Machine Learning ×1Data & Infrastructure ×1Developer Tools ×1Marketing Tech ×1

Investments · 2 tracked

founders shown can be your intro path

LayerZerolayerzero.network in 𝕏Sep 2021 · $6M

LayerZero builds decentralized infrastructure for interoperability across blockchains and asset issuance, enabling applications and chains to connect liquidity and extend reach across ecosystems.

Crypto & Web3Data & InfrastructureDeveloper Tools

Bryan Pellegrino(Founder & CEO)in Raz Zarick(Founder)in

Co-investorsa16z crypto Andreessen Horowitz Andromeda Capital BitDAO Bixin Capital Bixin Ventures +30 more

Ojamuojamuai.com 𝕏Oct 2021 · $1.7M

Ojamu is a Web3 B2B platform that uses AI and machine learning to give brands automated marketing solutions, insights, and real-time blockchain data recommendations across NFT, blockchain gaming, and metaverse ecosystems.

AI & Machine LearningCrypto & Web3Marketing Tech

Co-investorsTransform Ventures Ascensive Assets Chain Capital Master Ventures Moonrock Capital Morningstar Ventures +3 more

Portfolio news

latest coverage across their companies

LayerZero Announces ATLAS: Infrastructure for Onchain Capital Markets - Genfinity

LayerZero · genfinity.io · Aug 25, 2026

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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