About Protocol VC
Protocol VC is a venture capital firm founded in 2017. It is primarily based out of San Francisco, United States. As of Sep 2025, Protocol VC is an active investor, having invested in 3 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Infrastructure and FinTech. Most recently it participated in the $***** Seed round of Belfort A lot of funds co-invest with Protocol VC, with names like VSquared Ventures sharing a substantial percentage of its portfolio. Protocol VC has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Protocol VC's List of All Investments
Protocol VC has a portfolio of 3 companies. Their most notable investmentis in FrodoBotsTheir portfolio spans across United States and Belgium. They have invested in High Tech, Enterprise Infrastructure, FinTech and 1 other sectors, across stages such as Seed, Series A stages. Here is the list of all investments by Protocol VC:1. Belfort
Developer of hardware and algorithmic solutions for encrypted data processing. It provides tools to process sensitive information without decryption, focusing on speed and scalability. The company's technology aims to make encrypted computation practical across various sectors. It offers hardware designed for seamless integration, enhancing speed and scalability. The focus is on maintaining data protection throughout operations, ensuring confidentiality.
Key facts about Belfort
- Founded Year: 2025
- Location: Leuven (Belgium)
- Stage: Seed
- Total Funding till date: $6M
- Employee Count: 64 as on Jun 30, 2026
- Investors: Inovia Capital, VSquared Ventures and 11 Others
- Latest Funding Round: Seed, Sep 24, 2025, $*****
- Highlight: Editors' Pick
2. Surus
Fintech platform that provides built-in compliance and fiduciary services for digital asset investments. The platform aims to bridge the gap between traditional finance and decentralized finance.
Key facts about Surus
- Founded Year: 2023
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $18.6M
- Employee Count: 14 as on Jan 05, 2026
- Investors: Castle Island Ventures, Propel Venture Partners and 4 Others
- Latest Funding Round: Seed, Feb 13, 2025, $*****
3. FrodoBots
Developer of robotic gaming titles and real-world robotic dataset collection. It offers gaming experiences using tele-operated robots, incentivizing participation through tokens. The company focuses on creating low-cost robots to broaden accessibility. It aims to leverage gamers' actions as training data for embodied foundational models. The company also intends to open-source datasets, hardware designs, and robot control SDKs.
Key facts about FrodoBots
- Founded Year: 2022
- Location: Weston (United States)
- Stage: Series A
- Total Funding till date: $8M
- Investors: Big Brain Holdings, Fabric Ventures and 7 Others
- Latest Funding Round: Series A, Feb 14, 2025, $*****
Protocol VC's Year-on-Year Investment Trends
In 2025, it made 3 investments. Its most recent first time investment was in Belfort.Protocol VC's Investments by Stage
Protocol VC has made 2 investments in Seed stage with an average round size of $7M and 1 investment in Series A stage with an average round size of $8M.Stage of entry | No. of Investments |
|---|---|
Seed | 2 |
Series A | 1 |
Note: We have considered here, only first round of investments
Protocol VC's Investments by Sector
Protocol VC has a diverse portfolio, with companies operating in the Enterprise Infrastructure, Blockchain - Industry Applications, Blockchain Technology, FinTech and High Tech. Notably, it has invested in 3 Tech companies, 2 Consumer (B2C) companies, 2 Enterprise (B2B) companies and at least 2 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Infrastructure | 2 |
Blockchain - Industry Applications | 1 |
Blockchain Technology | 1 |
FinTech | 1 |
High Tech | 1 |
Note: We have considered here, only first round of investments
Protocol VC's Investments by Geography
Protocol VC has made most investments in United States (2), followed by Belgium where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 2 |
Belgium | 1 |
Note: We have considered here, only first round of investments
Protocol VC's recent investments
Protocol VC has not made any investment in 2026 so far.Here are the most recent investments by Protocol VC:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 24, 2025 | Belgium | Seed | 4673 | [+7] | |
Feb 14, 2025 | United States | Series A | 6542 | [+7] | |
Feb 13, 2025 | United States | Seed | 5873 |
Team profile of Protocol VC
Protocol VC has a team of 2 members including 2 Partners located in United States. Protocol VC's team does not sit on the board of any company as of now.Co-investors of Protocol VC
Over the past year, 21 investors have co-invested in Protocol VC's portfolio companies. This includes funds and angels.
- Top Co-investors of Protocol VC: 21 investors entered a company along with Protocol VC. These include investors like VSquared Ventures (1 company).
Recent News related to Protocol VC
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Surus Raises $8m Seed Round And Opens Surus Trust Company To Power Onchain Financeintelligence360•Feb 25, 2025•Surus, Castle Island Ventures, Propel Ventures, Restive and 2 others
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Surus Raises $8M Seed Round and Opens Surus Trust Company to Power Onchain FinancePR Newswire•Feb 14, 2025•Surus, North Carolina, Castle Island Ventures, Propel Venture Partners and 6 others
