# Story Protocol

> Story Protocol (PIP Labs) is an L1 blockchain for registering, licensing, and monetizing intellectual property onchain.

## Why it is interesting

IP provenance and licensing is a structural Web3 use case; Story raised $140M+ from a16z crypto across seed through Series B at multi-billion valuations.

## Profile

- **Stage:** other
- **Status:** private
- **Industries:** enterprise-saas
- **Coverage:** full
- **Last updated:** 2026-07-24

## Key facts

- Launch (Sep 2023): $54M+ led by a16z crypto; Hashed, Endeavor, Samsung Next among participants — BusinessWire, The Block
- Series B (2024): $80M co-led by a16z crypto and Polychain Capital for Story L1 IP blockchain — a16z crypto
- Polychain, Hashed, Endeavor named in press but only Multicoin maps to VCT directory

## Investors in our directory

- https://venturecapitaltracker.com/fund/andreessen-horowitz
- https://venturecapitaltracker.com/fund/multicoin-capital

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Source: https://venturecapitaltracker.com/startup/story-protocol