Predict your next investment

Venture Capital
protocolventures.com

See what CB Insights has to offer

Investments

7

Portfolio Exits

1

Funds

1

About Protocol Ventures

Protocol Ventures is a fund-of-funds focused on hedge funds that invest exclusively in crypto assets and ICOs. It aligns with fund managers who have a deep technical understanding of blockhain technology, an asymmetric understanding and vision for the space, respected leaders with strong networks around the globe, a value-add approach to supporting the growth of the ecosystem, and a clear and differentiated investment thesis. Protocol invests in an elite group of funds in the crypto space based on a combination of past and expected performance, quality of fund management, and complimentary fund strategies to offer investors diversification through a single investment in the fund.

Protocol Ventures Headquarter Location

United States

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Protocol Ventures News

Fantom Now Available to Over 500 Financial Institutions via Fireblocks

Sep 7, 2021

New York, NY, Sept. 07, 2021 (GLOBE NEWSWIRE) -- Fireblocks’ innovative MPC-based wallet infrastructure and settlement network allow institutions holding FTM to store and securely transfer their tokens without relying on hardware wallets or potentially risky sub-custody services. Via the range of capabilities Fireblocks enables, institutions can also stake FTM and pursue opportunities in Fantom’s thriving DeFi ecosystem. Beyond integrating FTM into its digital asset offerings, Fireblocks also now provides treasury management services to the Fantom Foundation to expand access to crypto capital markets, automate transaction approvals and governance, and enable instant settlement to maximize portfolio returns. Major Fantom investors have lauded the support that Fireblocks has extended to Fantom: “Fireblocks’ Fantom mainnet integration will enable Protocol Ventures to confidently interact with Fantom’s mainnet as we increasingly participate in the budding Fantom DeFi ecosystem and deliver compelling risk adjusted returns to our investors,” said Nabeel Qadri, Managing Partner of Protocol Ventures. Harry Yeh, Managing Director of the Quantum Fintech group, was similarly enthusiastic: “By segmenting part of our Fantom portfolio using Fireblocks, we greatly reduce the security and custody risk to ourselves, and can rely on a trusted, expert custody solution. This allows us to focus on what we do best, which is generating Alpha and making monster returns for our investors vs. having to worry about custody and security.” The Fireblocks announcement arrives in a period of extended, dramatic growth across the Fantom network. Since May 1, 2021, the number of unique wallet addresses on the Fantom network has grown over 620% to 484,682 (Sep 5, 2021). Equally impressive, the TVL (Total Value Locked) on Fantom DeFi protocols has soared 4000% to reach $1.23B in the same period. As Fantom CEO Michael Kong suggested, “The integration of Fantom into Fireblocks validates our rapidly growing presence across the crypto-industry, and we look forward to on-boarding financial institutions on our network.”  About Fireblocks Fireblocks is a leading enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables banks, fintechs, exchanges, liquidity providers, OTCs, and hedge funds to securely manage digital assets across a wide range of products and services. The technology consists of the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 200 financial institutions and has secured over $400 billion in digital assets. Fireblocks has a unique insurance policy that covers assets in storage & transit and offers 24/7 global support. About Fantom Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in 1 second and cost a fraction of a cent. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use-cases.

Protocol Ventures Investments

7 Investments

Protocol Ventures has made 7 investments. Their latest investment was in Ojamu as part of their Seed VC on October 10, 2021.

CBI Logo

Protocol Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/3/2021

Seed VC

Ojamu

$1.7M

Yes

4

9/17/2021

Series A

Subscribe to see more

$99M

Subscribe to see more

10

5/25/2021

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

5/20/2021

Series A

Subscribe to see more

$99M

Subscribe to see more

10

5/10/2021

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

Date

10/3/2021

9/17/2021

5/25/2021

5/20/2021

5/10/2021

Round

Seed VC

Series A

Seed VC

Series A

Seed VC

Company

Ojamu

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$1.7M

$99M

$99M

$99M

$99M

New?

Yes

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

4

10

10

10

10

Protocol Ventures Portfolio Exits

1 Portfolio Exit

Protocol Ventures has 1 portfolio exit. Their latest portfolio exit was Bakkt on October 15, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/15/2021

Reverse Merger

$99M

11

Date

10/15/2021

Exit

Reverse Merger

Companies

Valuation

$99M

Acquirer

Sources

11

Protocol Ventures Fund History

1 Fund History

Protocol Ventures has 1 fund, including Protocol Ventures Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Protocol Ventures Fund I

1

Closing Date

Fund

Protocol Ventures Fund I

Fund Type

Status

Amount

Sources

1

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.