When was Protocol Labs founded?

Protocol Labs was founded in 2014 and raised its 1st funding round within a year of its incorporation.

Where is Protocol Labs located?

Protocol Labs is headquartered in Palo Alto, United States.

Who is the current CEO of Protocol Labs?

Juan Benet of Protocol Labs. They have also founded 1 company and are angel investors in 12 startups, including libp2p.

How many employees does Protocol Labs have?

As of Sep 30, 2026, the latest employee count at Protocol Labs is 99.

Is Protocol Labs a funded company?

Protocol Labs is a funded company, having raised a total of $204M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2014.

When was the latest funding round of Protocol Labs?

Protocol Labs' latest funding was a $***** Series D round on Aug 10, 2017, with participation from 0 investor.

Where does Protocol Labs rank among its competitors?

Protocol Labs ranks 1st amongst 109 active competitors, of which 3 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Ethlabs, which secured an undisclosed amount in Jun, 2026.

Who are the top competitors of Protocol Labs?

Protocol Labs' top competitors include IOHK, Blockchain Research Institute and Nuffle. Among them, Ethlabs secured the most recent funding round in June, 2026.

Protocol Labs - 2026 Company Profile, Team, Funding & Competitors

Company Details

Platform offering research, development, and deployment laboratory. The projects run by the platform are IPFS and Filecoin which are protocols to decentralize the web and cloud storage.

Website: www.protocol.ai/
Social

Key Metrics

Founded Year

2014

Location

Palo Alto, United States

Stage

Series D

Total Funding

$204M in 5 rounds

Latest Funding Round

Series D, Aug 10, 2017, $*****

Investors

Sherpalo Ventures & 17 more

Ranked

1^st among 109 active competitors

Employee Count

99 as on Sep 30, 2026

Investment & Acquisitions

Hemispheric AI & 93 more

Similar Companies

IOHK & 115 more

View Protocol Labs' full profile

Protocol Labs is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Protocol Labs CIN: 465711230 , Belgium, Active		-	61 (As on Dec 31, 2020)	-

Protocol Labs has raised a total funding of $204M over 5 rounds. Its first funding round was on 2014. Protocol Labs has 18 institutional investors.

Here is the list of recent funding rounds of Protocol Labs:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 10, 2017	3949001	Series D	9486063	9777932	2882746	9442372
Jul 21, 2017	3282414	Series C	6705142	6288591	6228760	8660846
2016	3878	Series A	8910	6408	7304	Union Square Ventures

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View details of Protocol Labs's funding rounds and investors

The founders of Protocol Labs is Juan Benet. Juan Benet is the CEO of Protocol Labs.

Here are the details of Protocol Labs' key team members:

Juan Benet: Founder & CEO of Protocol Labs and founder of 1 other company. They are also an angel investor in 12 startups.
Contact Info: 1 email address

View details of Protocol Labs's Founder profiles and Board Members

Protocol Labs' employee count trend

Protocol Labs has 99 employees as of Sep 26. Here is Protocol Labs's employee count trend over the years:

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Top competitors of Protocol Labs include IOHK, Blockchain Research Institute and Nuffle. Here is the list of Top 10 competitors of Protocol Labs, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Protocol Labs 2014, Palo Alto (United States), Series D	Platform offering research, development, and deployment laboratory	$204M	Sherpalo Ventures, Hone Capital & 16 others	61/100
2nd	IOHK 2015, Singapore (Singapore), Unfunded	Research and development company focused on blockchain products	-	-	49/100
3rd	Blockchain Research Institute 2017, Toronto (Canada), Unfunded	Cloud-based LMS for the finance sector	-	-	43/100
4th	Nuffle 2024, Altrincham (United Kingdom), Series B	Provider of blockchain services	$13M	Electric Capital	41/100
5th	Hailstone Labs 2021, Hong Kong (China), Funding Raised	Provider of blockchain research lab services	-	Animoca Brands	27/100
6th	Ethlabs 2025, Funding Raised	Developer of research and development projects for blockchain protocol technology	-	SNZ, Anchorage Digital & 3 others	26/100
7th	L2BEAT 2021, Poland, Unfunded	Provider of analytical research and tracking for blockchain scaling protocols	-	-	26/100
8th	Common Prefix 2020, United States, Unfunded	Provider of cryptographic research and engineering services for blockchain systems	-	-	25/100
9th	TOKEN Project 2020, Berlin (Germany), Unfunded	Open-source platform for decentralized ledger technologies funding	-	-	24/100
10th	V2B Labs 2021, Hanoi (Vietnam), Unfunded	Laboratory focused on researching, investing, and developing solution services to blockchain industry	-	-	23/100

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Protocol Labs has not made any acquisitions yet. Protocol Labs has made 94 investments.

Here is the list of latest three $investments:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jul 15, 2026	Investments	Hemispheric AI		United States
May 20, 2026	Investments	Neurosoft Bioelectronics	2019	Geneva (Switzerland)
Mar 02, 2026	Investments	Akave	2024	San Francisco (United States)