Story Protocol Valuation, Funding & Investors

Story Protocol is valued at $2.3B as of August 2024.

Last Story Protocol valuation

$2.3B

Series B · Aug 2024

Last Story Protocol funding round

$80M

Series B · Aug 2024

Cumulative funding Story Protocol raised

$134M

across 3 funding rounds

Key investors in Story Protocol

  • a16z crypto
  • Andreessen Horowitz
  • Polychain
  • Hashed
  • Mirana
  • dao5

Story Protocol Overview

About Story Protocol

Story Protocol is a web3 infrastructure layer for on-chain intellectual property management tailored to narrative universes in gaming, media, and entertainment. Creators deploy programmable licenses, track derivative works, and enforce royalties through Layer 2 solutions on Optimism. The protocol supports IP composability, enabling shared worlds where assets like characters and lore generate automated revenue shares. Introduced in 2023, Story Protocol secures partnerships with Animoca Brands and integrates with Unity for game development workflows.


Founded

2022

HQ

United StatesSeattle, WA

Status

Privately held

Customer focus

B2C

Revenue model

Licensing

Valuation

$2.3B (Aug 2024)

Story Protocol Valuation

Story Protocol is currently valued at $2.3B, based on its Series B in August 2024.

The $80M round was led by Andreessen Horowitz, with participation from Cozomo De’Medici, Brevan Howard Asset Management, Scott Trowbridge, Polychain and Adrian Cheng.

Story Protocol valuation by funding round

Story Protocol valuation by funding round
DateStageValuation
Aug 2024Series B$2.3B

Story Protocol Funding History

Story Protocol has raised a total of $134M across 3 funding rounds.

Story Protocol's first fundraising round was a $29M seed round in May 2023. The most recent completed round was a $80M Series B in August 2024.

Story Protocol funding rounds

Story Protocol funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2024Series BAndreessen Horowitz (lead); Cozomo De’Medici; Brevan Howard Asset Management; Scott Trowbridge; Polychain; Adrian Cheng$80M$2.3BStory Protocol is a blockchain-based intellectual property platform designed to enable creators to assert ownership of content, set usage parameters, and license their IP through smart contracts. The platform aims to revolutionize creator economy by providing attribution, automated royalty payments, and transparent IP rights tracking using blockchain technology. In August 2024, Story Protocol (operated by Programmable IP Labs) raised $80 million in Series B funding led by Andreessen Horowitz's crypto division, achieving a post-money valuation of $2.25 billion. The round included participation from Polychain Capital, Scott Trowbridge (SVP of Stability AI), K11 founder Adrian Cheng, and digital art collector Cozomo de' Medici. This brought the company's total raised to approximately $140 million across multiple rounds, including a $29.3 million seed in May 2023 and a $25 million Series A in September 2023. At the time of the Series B, Story Protocol reported more than 200 teams and over 20 million intellectual property assets registered on its platform through partnerships with fashion design tool Ablo, Japanese comic platform Sekai, and art collaboration startup Magma. The platform had not yet issued its native token and was preparing for commercial launch following its free beta phase.
Sep 2023Series Aa16z crypto (lead)$25M--
May 2023Seeda16z crypto (lead); Samsung NEXT’s Q Fund; dao5; Kelvin Dongho Kim; Mirana; Hashed; SLVC; Berggruen Holdings; DoubleX Fund; Two Small Fish Ventures$29M-Story Protocol is a blockchain-based intellectual property platform founded in 2022 that enables creators to register, track, and monetize their digital intellectual property on-chain. The platform addresses copyright concerns related to generative AI by allowing IP owners to store and license their content via smart contracts, ensuring creators receive compensation when their work is used by AI systems. The company has built an ecosystem supporting projects like Magma (a collaborative art platform), Sekai (an AI storytelling platform), and Ablo (a generative AI fashion platform) that leverage Story's infrastructure.

Who has invested in Story Protocol?

16 investors have backed Story Protocol across its funding rounds, including a16z crypto, Andreessen Horowitz, Polychain, Hashed, Mirana and dao5.

Lead investors include Andreessen Horowitz and a16z crypto.


Story Protocol Investors

Investors in Story Protocol by funding rounds participated
InvestorHQRoundsRoleFirst check
a16z cryptoUnited StatesSan Francisco, CA2LeadMay 2023
Samsung NEXT’s Q FundUnited StatesSan Francisco, CA1ParticipantMay 2023
dao5United StatesVirgin, UT1ParticipantMay 2023
Kelvin Dongho KimSouth KoreaSeoul1ParticipantMay 2023
MiranaHong KongHong Kong1ParticipantMay 2023
Cozomo De’MediciItalyBellagio1ParticipantAug 2024
Brevan Howard Asset ManagementUnited KingdomLondon1ParticipantAug 2024
HashedUnited StatesSan Francisco, CA1ParticipantMay 2023
SLVCUnited StatesSan Francisco, CA1ParticipantMay 2023
Berggruen HoldingsUnited StatesNew York City, NY1ParticipantMay 2023
Scott TrowbridgeUnited KingdomLondon1ParticipantAug 2024
Andreessen HorowitzUnited StatesSan Francisco, CA1LeadAug 2024
DoubleX FundGermanyBerlin1ParticipantMay 2023

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Investments by Story Protocol

Story Protocol has invested in 3 companies to date.

Latest investment by Story Protocol was on March 24th 2026. Story Protocol invested in Verse8 in their $5M Seed round.


Latest Investments by Story Protocol

Verse8
Solo AI
Tomo
Description
Verse8 allows creators to build fully playable multiplayer games from natural language prompts.
Solo AI is a web3 music platform combining AI generation and blockchain for creating, distributing, and trading tracks via soloai.io. Users produce songs from prompts, mint NFTs, and earn royalties on marketplaces. The service supports vocal synthesis and genre blending for artists globally. Launched in 2023 from Singapore, Solo AI integrates with Ethereum and Solana for decentralized ownership.
Tomo is a Web3 social wallet transforming digital identities into a unified, spam-resistant hub at tomo.inc. Users connect with creators for private discussions, engage with digital art collections through Tomoji features, and accumulate Tomo Points via participation to elevate social standing and unlock financial rewards.
HQ CountrySouth KoreaSingaporeUnited States
HQ City
Seoul
Singapore
Los Angeles, CA
Deal Date24 Mar 202614 Feb 202510 Apr 2024
RoundSeedSeedSeed
Raised$5M$2M$4M
InvestorsNexus; Marblex; Solarium Labs; Nexpace; NEOWIZ HOLDINGSHSGdao5; Symbolic Capital; OKX Ventures; HTX Ventures; Nomad Capital; Polychain; ConsenSys; KuCoin Ventures
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Story Protocol Competitors

Story Protocol competitors include listed companies like Sharplink and Securitize, and private ones like OpenSea, 1inch, Bitso and CoinDCX.

Public and private companies comparable to Story Protocol
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
OpenSeaUnited StatesNew York City, NYPrivate$873M-$13B15.2x
1inchUAEUAEPrivate--$2.3B-
BitsoMexicoMexico CityPrivate--$2.2B-
CoinDCXIndiaMumbaiPrivate$141M-$2.1B15.2x
SharplinkUnited StatesUnited StatesPublicly listed$28M($734M)$1.8B39.9x
SecuritizeUnited StatesUnited StatesPublicly listed$62M($34M)$1.5B22.2x

Story Protocol Public Comps

Story Protocol is still privately-owned, but its public comps include Sharplink, Securitize, Hyperliquid Strategies, OSL Group, HashKey Holdings, BitGo Holdings, Indokripto Koin Semesta, Rhino Bitcoin, Stewards and Galaxy Digital.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Sharplink$28M($734M)61.9x39.9x(2.4x)141.1x
Securitize$62M($34M)25.5x22.2x(46.0x)(37910.8x)
Hyperliquid Strategies$9M-308.0x162.2x--
OSL Group$62M($48M)16.6x11.3x(21.7x)(23.2x)
HashKey Holdings$92M($109M)6.4x-(5.4x)-
BitGo Holdings$16B($9M)0.1x5.5x(125.1x)125.4x
Indokripto Koin Semesta$16M$7M36.9x-81.1x-
Rhino Bitcoin$478K($417K)1242.8x-(1423.4x)-

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Common questions about Story Protocol

When was Story Protocol founded?Story Protocol was founded in 2022.
Where is Story Protocol headquartered?Story Protocol is headquartered in Seattle, WA, United States.
Is Story Protocol publicly listed?No, Story Protocol is a private, VC-backed company.
What is Story Protocol's valuation?Story Protocol was last valued at $2.3B in its Series B in August 2024.
How much funding has Story Protocol raised?Story Protocol has raised $134M across 3 funding rounds.
What was Story Protocol's last funding round?Story Protocol's last funding round was a $80M Series B in August 2024, led by Andreessen Horowitz.
Who are Story Protocol's investors?Story Protocol's investors include a16z crypto, Samsung NEXT’s Q Fund, dao5, Kelvin Dongho Kim, Mirana, Cozomo De’Medici, Brevan Howard Asset Management, Hashed, SLVC, Berggruen Holdings and 6 others.
Which companies are comparable to Story Protocol?Companies comparable to Story Protocol include OpenSea, 1inch, Bitso, CoinDCX, Sharplink and Securitize.
How many companies has Story Protocol invested in?Story Protocol has invested in 3 companies, including Verse8, Solo AI and Tomo.
What was Story Protocol's last investment?In March 2026, Story Protocol invested in Verse8's $5M seed round alongside Nexus, Marblex, Solarium Labs and 2 other investors.

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