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    Protagonist

    Miami, Florida, United StatesFounded 2022
    www.protagonist.coLinkedIn
    Crypto & Web3AIFintechConsumerEnterprise SoftwareGamingHealthcareCybersecurityDeveloper ToolsHardware & Semiconductors

    Protagonist is a Miami-based early-stage venture capital firm and product-building studio that backs founders building emerging technology businesses across crypto, AI, fintech, and consumer sectors. Originally named Ship Capital, the firm was founded in 2022 and launched with a $100M fund focused on early-stage crypto and web3 companies.

    Deal activity decreased year-over-year (1 deal in the last 12 months vs 4 prior). Their most common stage is seed (51% of deals). Average disclosed round size is $28.9M (across 31 rounds with reported amounts).

    Find people at Protagonist on Goldilocks AI

    Portfolio

    29

    Fund Size

    $100M

    Top Stage

    Seed

    Last 12 Mo

    1

    Team

    GB

    George Bousis

    Co-Founder & Managing Partner

    GR

    George Ruan

    Co-Founder & Managing Partner

    HH

    Harry Hurst

    Co-Founder & Managing Partner

    JN

    James Norris

    Partner, CFO & Chief Compliance Officer

    SA

    Sevan Avakian

    Partner, General Counsel and Chief Operating Officer

    NM

    Nicholas Malone

    Principal

    MG

    Michael Gargiulo

    Analyst

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    35 investments
    CompanyRoundAmountDate
    Temple logoTempleSeed$5MOct 2025
    Exowatt logoExowattSeries A$50MApr 2025
    Walrus logoWalrusGrowth$140MMar 2025
    ClearGrid logoClearGridSeries A$10MMar 2025
    Surus logoSurusSeed$8MFeb 2025
    Exowatt logoExowattSeries A$50MJan 2025
    Silhouette Exchange logoSilhouette ExchangeUnknown$3MJan 2025
    IDA logoIDASeed$6MSep 2024
    Aligned Layer logoAligned LayerSeries A$20MApr 2024
    SSentientSeed$85MJan 2024
    Raad logoRaadSeed$2.3MJan 2024
    Agentio logoAgentioSeed$4.3MNov 2023
    SSite TechnologiesSeries A$10MSep 2023
    Levitate logoLevitateSeries C—Apr 2023
    Levitate logoLevitateSeries C$13.8MJan 2023
    FFoapSeed$2.3MDec 2014
    Blok logoBlokSeed$7.5M—
    Walrus logoWalrusGrowth$140M—
    Nubit logoNubitSeed$8M—
    Arago logoAragoSeed——
    Era logoEraSeed$9M—
    KKiva AISeed$7M—
    LTV.ai logoLTV.aiSeries A$5.2M—
    AION logoAIONPre-Seed$25M—
    Raad logoRaadSeed$2.3M—
    Page 1 of 2

    Top Co-Investors

    Wamda Capital5 shared
    BYLD5 shared
    9Yards Capital5 shared
    KBW Ventures5 shared
    BECO Capital4 shared
    dao54 shared
    Symbolic Capital4 shared
    Endeavor3 shared
    Hack VC3 shared
    The Spartan Group3 shared
    Lvna Capital3 shared
    Karatage3 shared
    Franklin Templeton3 shared
    Electric Capital3 shared
    Standard Crypto3 shared
    a16z crypto3 shared
    Raptor Group3 shared
    Earlybird Venture Capital3 shared
    C4 Ventures3 shared
    CoinFund3 shared

    Last updated: 20 October 2026