# PL Capital: portfolio, investments and team

> PL Capital is a vc firm. 1 investment on record, 1 in the last 12 months, latest May 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/pl-capital (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# PL Capital

Last cheque observed May 2026; 1 cheques on record.

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Deploying now New fund $5.3M, Sept 2026 VC firm

Seed Computing Frontier Technology Decentralized Infrastructure

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Deploying now

**100%** of best year **1** **cheques in 12 months**, 1 on record

Since the last cheque **165** days **00** hrs **00** min **00** sec

Median round **$7.5M** Rounds led **0 of 1**

Pitch PL Capital

## PL Capital highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Seed: 100% of its rounds

## What they do

> PL Capital is a family of venture funds backing extraordinary founders scaling breakthrough R&D. From their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Sectors:** Computing Frontier Technology Decentralized Infrastructure
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **1 appearances**

- **2026** 1 round
- **May** **[Neurosoft Bioelectronics](https://millionrounds.com/company/neurosoft-bioelectronics)** Seed · CH · TechStartups **$7.5M** With 8 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **6 named**

BH **Brad Holden** Managing Member of the General Partner and the Investment Manager i Filing they signed

BP **Bradley Phipps Holden** Managing Partner i Form ADV

JW **John W. Palmer** John W. Palmer is the President of PL Capital, LLC, a Delaware limited liability company, which is the General Partner of PL Capital/Focused Fund, L.P. i Filing they signed

MF **Mark Ferris Dempsey** Chief Compliance Officer i Form ADV

RJ **Richard J. Lashley** Co-Managing Member of PL Capital, LLC, which is Co-Managing Member of the General Partner i Filing they signed

RB **Robert Barnard** Managing Member of Black Maple BF GP, LLC, which is Co-Managing Member of the General Partner i Filing they signed

We also hold **7** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$350M** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Protocol VC LLC
- **SEC number:** CRD 332272

New fund on file

**$5.3M**

raised in Sept 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed

Median round joined **$7.5M** the round, not its cheque

Led 0 of 1 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** May 2026

Rounds by stage said on their site

- Seed *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies PL Capital put money into.

[**Neurosoft Bioelectronics** $7.5M · May 2026](https://millionrounds.com/company/neurosoft-bioelectronics)

## Quick answers about PL Capital

### What does PL Capital invest in?

PL Capital invests most often at Seed (100% of the rounds on record), in sectors such as Computing, Frontier Technology and Decentralized Infrastructure.

### How active is PL Capital?

1 investments on record, 1 of them in the last 12 months. The most recent was in May 2026.

### What has PL Capital invested in recently?

Its most recent investments on record: Neurosoft Bioelectronics (Seed, May 2026).

### How big are PL Capital's cheques?

The median round it joins is $7.5M.

### Is PL Capital investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### What kind of investor is PL Capital?

PL Capital is a VC firm.

### How much does PL Capital manage?

About $350M, as regulatory assets under management (Oct 2026).

### Has PL Capital raised a new fund?

Its latest fund filing with the SEC was in Sept 2026, reporting $5.3M raised.

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