VC firm

Protocol Ventures

Kingmaker Tier

Kingmaker Tier: 80 out of 100

Also known as PL Capital, PL Capital Crypto, Protocol VC

AI models & AI infrastructure
Banking & lending
Cloud & networking
Crypto & blockchain
Cybersecurity
Data & analytics
Developer tools
Finance operations
HR & future of work
Insurance
Legal, compliance & govtech
Other
Payments
Productivity & collaboration
Sales & marketing tech
Vertical software
Wealth & investing
AI native
Crypto web3
VC

Investor type: VC

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Record updated 30 September 2026

About

Our mandate is built around primitives, not labels. We back founders using cryptographic and decentralized primitives to solve real problems across AI, physical infrastructure, enterprise software, and financial rails. These primitives are becoming the security, privacy, and coordination layer for the AI era.

Investment approach

Thesis: Our mandate is built around primitives, not labels. We back founders using cryptographic and decentralized primitives to solve real problems across AI, physical infrastructure, enterprise software, and financial rails. These primitives are becoming the security, privacy, and coordination layer for the AI era.Source (opens in a new tab)
Investing status notes: We back founders using cryptographic and decentralized primitives to solve real problems across AI, physical infrastructure, enterprise software, and financial rails.

Relationships

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