Protocol Labs
2023 Revenue
$23.2M(Est.)
Funding
$3.1M
Team · 2024
117
Founded
2014
Protocol Labs Revenue & Funding (2023)
Protocol Labs generated an estimated $23.2M in annual revenue in 2023. Source: GetLatka estimate
IPFS -- new hypermedia distribution protocol to replace HTTP (git + bittorrent) Filecoin -- crypt
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Protocol Labs Revenue
In 2023, Protocol Labs's revenue reached $23.2M. The company previously reported $12.7M in 2021.
| Year | Milestone | Source |
|---|---|---|
| 2023 | Protocol Labs Hit $23.2m revenue in December 2023 | Estimated |
| 2021 | Protocol Labs Hit $12.7m revenue in January 2021 | Not recorded |
| 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 | - | - | Not recorded |
| 2014 | Funding round | $120K | - | - | Not recorded |
Founder / CEO
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) | Not recorded |
| 2024 | Reached 126 employees (October 2024) | Not recorded |
| 2023 | Reached 307 employees (December 2023) | Not recorded |
| 2023 | Reached 278 employees (December 2023) | Not recorded |
| 2022 | Reached 420 employees (December 2022) | Not recorded |
| 2022 | Reached 428 employees (December 2022) | Not recorded |
| 2021 | Reached 183 employees (December 2021) | Not recorded |
| 2021 | Reached 130 employees (January 2021) | Not recorded |
Frequently Asked Questions about Protocol Labs
What is Protocol Labs's revenue?
As of 2023, Protocol Labs generated an estimated $23.2M in annual revenue.
Who founded Protocol Labs?
Protocol Labs was founded by Juan Benet.
When was Protocol Labs founded?
Protocol Labs was founded in 2014.
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?
As of 2024, Protocol Labs had 117 employees.
Where is Protocol Labs headquartered?
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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