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2023 Revenue

$23.2M

Funding

$3.1M

Team

117

Founded

2014

How Protocol Labs CEO Juan Benet grew Protocol Labs to $23.2M revenue with a 117 person team in 2023.

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. Since its launch in 2014, Protocol Labs has shown consistent revenue growth.

Protocol Labs Revenue GrowthReported revenue / ARR by year$0$5M$10M$15M$20M$25M201420162018202020222023$0$13M$23MSource: GetLatka.com
YearMilestoneQuote
2023Protocol Labs Hit $23.2m revenue in December 2023
2021Protocol Labs Hit $12.7m revenue in January 2021
2014Launched 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.

Protocol Labs Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)$0$750K$2M$2M$3M$4M2014201520162014 cumulative: $120K • 2014 Funding round: $120K2016 cumulative: $3M • 2014 Funding round: $120K • 2016 Funding round: $3M$3MSource: GetLatka.com
YearRoundAmountValuation% SoldQuote
2016Funding round$3M--
2014Funding round$120K--

Protocol Labs Employees & Team Size

Protocol Labs employs approximately 117 people as of 2026, down from 307 in 2023.

Protocol Labs Team GrowthReported headcount over time010020030040050020142016201820202022202400117117Source: GetLatka.com
YearMilestone
2024Reached 117 employees (December 2024)
2024Reached 126 employees (October 2024)
2023Reached 307 employees (December 2023)
2023Reached 278 employees (December 2023)
2022Reached 420 employees (December 2022)
2022Reached 428 employees (December 2022)
2021Reached 183 employees (December 2021)
2021Reached 130 employees (January 2021)

Founder / CEO

Juan Benet

Juan Benet is listed as Founder / CEO at Protocol Labs.

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Customers

We do not have customer count information for Protocol Labs yet.

Frequently Asked Questions about Protocol Labs

What is Protocol Labs's revenue?

Protocol Labs generates $23.2M in 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.

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.

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Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Data Disclaimer

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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Protocol Labs Revenue 2023: $23.2M ARR, $3.1M Raised