Protocol Labs
2023 Revenue
$23.2M(Est.)
Funding
$3.1M
Team · 2024
117
Founded
2014
Protocol Labs Revenue & Funding (2023)
IPFS -- new hypermedia distribution protocol to replace HTTP (git + bittorrent) Filecoin -- crypt
Last updated
Protocol Labs Revenue
In 2023, Protocol Labs's revenue reached $23.2M. The company previously reported $12.7M in 2021. Since its launch in 2014, Protocol Labs has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2023 | Protocol Labs Hit $23.2m revenue in December 2023 | Estimated |
| 2021 | Protocol Labs Hit $12.7m revenue in January 2021 | |
| 2014 | Launched with $0 revenue |
Protocol Labs Valuation, Funding Rounds
Protocol Labs has not publicly disclosed its valuation. The company has raised $3.1M in total funding to date.
Protocol Labs has raised $3.1M in total funding across 2 rounds, with its most recent round in 2016.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2016 | Funding round | $3M | - | - | |
| 2014 | Funding round | $120K | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Protocol Labs yet.
Protocol Labs Employees & Team Size
Protocol Labs employs approximately 117 people as of 2026, down from 307 in 2023.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 117 employees (December 2024) | |
| 2024 | Reached 126 employees (October 2024) | |
| 2023 | Reached 307 employees (December 2023) | |
| 2023 | Reached 278 employees (December 2023) | |
| 2022 | Reached 420 employees (December 2022) | |
| 2022 | Reached 428 employees (December 2022) | |
| 2021 | Reached 183 employees (December 2021) | |
| 2021 | Reached 130 employees (January 2021) |
Frequently Asked Questions about Protocol Labs
What is Protocol Labs's revenue?
Protocol Labs generates an estimated $23.2M in annual revenue.
Who founded Protocol Labs?
Protocol Labs was founded by Juan Benet.
Who is the CEO of Protocol Labs?
The CEO of Protocol Labs is Juan Benet.
How much funding does Protocol Labs have?
Protocol Labs raised $3.1M across 2 rounds.
How many employees does Protocol Labs have?
Protocol Labs has 117 employees.
Where is Protocol Labs headquarters?
Protocol Labs is headquartered in San Francisco, California, United States.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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