# IQ Protocal

> IQ Protocal is a VC fund in Hangzhou backing Blockchain, Internet and Software. See 10 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Hangzhou, China
- Total investments: 10
- Last investment: Jul 2022
- Lead investor: 20%
- Last updated: Aug 2026
- Website: http://warpspeedcap.com/

IQ Protocal is an emerging venture capital firm based in Hangzhou.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $3M–$12M |
| Angel | $71k–$425k |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Blockchain | 3 | 30% |
| Internet | 2 | 20% |
| Software | 2 | 20% |
| Insurance | 2 | 20% |
| Auto Insurance | 2 | 20% |

25 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Angel | 5 | 50% |
| Seed | 3 | 30% |
| Series A | 2 | 20% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 7 | 70% |
| Estonia | 1 | 10% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Magic Square | Magic Square (founded 2021) is a unified, integrated, interoperable space for users to discover and experience community-vetted crypto apps, and for crypto app developers to market and monetize their best applications.The Magic Store is the fundamental element of the Magic Square project. Within the Magic Store, there are multiple workingelements that dictate the communication between many moving parts.OverviewMagic Square is a multifaceted system that covers all the UX bases: The Magic Store guides users to discover the highest quality crypto apps with built-in integrated DeFi. Users sign in to all of their apps with one SSI secured Magic Connect leading to their personalized Magic Spaces: where crypto-app experiences begin and end. Users and Creators discuss and collaborate in a dedicated Magic Community space.The Magic Square interface includes three main components: The Magic Store, Magic Spaces, and Magic Connect. Each of these serves a di!erent function for the three groups who use the platform: crypto application users (Users), crypto application developers (Creators), and new community validators (Validators).Each of these groups plays a unique role in the Magic Store interface, with a unique set of actions and responsibilities. Users must enter the system and obtain a secure persona with their secure Magic Connect login credentials. Creators must successfully deploy apps to be validated by the Validators, who vote on the new apps entering the ecosystem. | $3M | Seed | Jul 01, 2022 |  |
| The Red Village | The Red Village is a groundbreaking dark-fantasy Play and Earn game, with a team dedicated to re-imagining what blockchain gaming can, and should, look like. | $6.5M | Seed | Jun 03, 2022 |  |
| IQ Labs | IQ Protocol develops a decentralized money market for digital asset renting and on-chain subscriptions. It enables digital asset owners to earn passive income by safely lending their NFTs & Fungible Tokens. | $12M | Seed | Mar 03, 2022 |  |
| Jinli Insurance | Jinli Insurance provides online insurance services. | $425K | Angel | Dec 01, 2018 |  |
| NEWTANK | NETWANK develops marketing tools for the financial industry. | $71K | Angel | Sep 30, 2016 |  |
| Jutubao | Jutubao is a soil network platform that connects rural land buyers and sellers online. |  | Series A | Aug 30, 2016 |  |
| Zhitong Wanlian | Zhitong Wanlian provides internet auto insurance technology solutions and information services. | $425K | Angel | Aug 17, 2016 |  |
| I'HAPPY | I'HAPPY is a clothing fashion brand that provides customized design, production, logistics and warehousing services. | $425K | Angel | Feb 23, 2016 |  |
| Zhidian | Zhidian is an SCRM cloud platform for the automotive industry. | $7.1M | Series A | Nov 17, 2015 |  |
| Chaoji Yuanzhuo | Chaoji Yuanzhuo is an insurance app that helps insurance agents to better develop their business, increase staff, and manage customers. | $425K | Angel | Oct 01, 2015 |  |

10 of 10 investments shown.

## Co-investors
- [GSR](https://shizune.co/investors/profile/gsr) — VC Fund, 2 deals together
- [Jets Capital](https://shizune.co/investors/profile/jets-capital) — VC Fund, 2 deals together
- [MEXC Global](https://shizune.co/investors/profile/mexc-global) — VC Fund, 2 deals together
- [7 O’Clock Capital](https://shizune.co/investors/profile/7-o-clock-capital) — VC Fund, 1 deal together
- [AGBuild](https://shizune.co/investors/profile/agbuild) — VC Fund, 1 deal together
- [AlphaCrypto Capital](https://shizune.co/investors/profile/alphacrypto-capital) — VC Fund, 1 deal together

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## FAQ

### What does IQ Protocal invest in?

IQ Protocal invests primarily in Blockchain, Internet and Software startups, most often at Angel and Seed stage. Most of the 10 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is IQ Protocal's check size?

IQ Protocal typically joins rounds of $3M–$12M at Seed and $71k–$425k at Angel. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds IQ Protocal participates in.

### When did IQ Protocal last invest?

The most recent investment recorded for IQ Protocal closed in Jul 2022. Shizune tracks 10 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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