Investors / L2 Iterative Ventures
L2 Iterative Ventures
Venture capital
L2 Iterative Ventures is the Web3-focused investment arm of L2 Capital Management, investing in blockchain initiatives. It combines investors, crypto-native technologists and entrepreneurs, with offices in San Francisco, Hong Kong and Tokyo.
Invests inFintechAI & Machine Learning
In its own wordsweb3blockchainzero-knowledge proofsinfrastructurecrypto
Your fit with L2 Iterative Ventures
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsL2 Iterative Ventures lists 25 checked portfolio companies on its own site and is named in 1 funding round, 1 of them as lead. Its largest themes are Fintech (57%), AI & Machine Learning (22%) and Crypto & Web3 (11%). 50% of its companies are based in United States. It invests most often alongside MH Ventures, Animoca Brands and Symbolic Capital.
Counts come from funding rounds that name L2 Iterative Ventures, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not L2 Iterative Ventures' whole history. Rounds on record name 1 company; its own site lists 25. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundL2 Iterative Ventures does not state its stages on its site, so only what it does is shown.
The rounds that name L2 Iterative Ventures do not give a stage.
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 1 | 1 |
| '26 | 0 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 57th | 23 companies |
| Recent activity | 46th | 0 rounds in 12 months |
| Early stage | 54th | 0% of entries at pre-seed or seed |
| Evidence | 62th | 4% of companies confirmed by a round |
| Sector focus | 87th | 57% in its largest sector |
| Reach | 58th | 3 countries |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| MH Ventures | 7 |
| Animoca Brands | 5 |
| Symbolic Capital | 5 |
| GeekCartel | 4 |
| Hack VC | 4 |
| ArkStream Capital | 3 |
| Beacon | 3 |
| Electric Capital | 3 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers25100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Fintech | 57% | 12% |
| AI & Machine Learning | 22% | 18% |
| Crypto & Web3 | 11% | 1% |
| Cybersecurity | 5% | 4% |
| Developer Tools | 5% | 0% |
Co-investor network
who it backs companies with, and who they back togetherCompare L2 Iterative Ventures head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with L2 Iterative Ventures| Date | Company | Stage |
|---|---|---|
| 15 Sept 2025 | Round Led |
Round details for L2 Iterative Ventures
Amounts, full round histories and every co-investor in L2 Iterative Ventures' rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
25 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Aori is a universal intent settlement protocol that unlocks best-in-class execution across global liquidity | Fintech | Portfolio page | ||
| Arcium develops and provides confidential execution and computation solutions for decentralized internet and blockchain applications. | FintechAI & Machine Learning | Portfolio page | ||
| Babylon unlocks capital efficiency for native Bitcoin, trustlessly and in a self-custodial infrastructure. | FintechCrypto & Web3 | Portfolio page | ||
| Connext is a modular interoperability protocol that enables fast and secure crosschain transactions and applications | FintechCrypto & Web3 | Portfolio page | ||
| EigenCloud builds open networks where developers, compute providers and researchers can share resources, create useful IP and earn from the value they generate. | AI & Machine LearningCybersecurity | Portfolio page | ||
| Epoch Protocol provides an API for institutions and product teams to build financial applications across multiple blockchain chains without requiring blockchain expertise | Fintech | Sept 2025Round | Page + round | |
| FastLane Labs provides liquid staking services on the Monad network, offering staking rewards and revenue from its MEV protocol | FintechCrypto & Web3 | Portfolio page | ||
| GAIB finances the infrastructure behind AI, including GPUs and data centers, and provides access to pre-IPO equity exposure in AI companies. | AI & Machine LearningFintech | Portfolio page | ||
| Linera Markets allows users to trade crypto, ETFs and more | Fintech | Portfolio page | ||
| Liquorice connects solvers, market makers, and liquidity providers to create lending markets for professional trading firms. | FintechDeveloper Tools | Portfolio page | ||
| The company provides on-chain asset management | Fintech | Portfolio page | ||
| Monad is an institutional-grade blockchain powering an open, global economy through efficient payments, asset tokenization, and onchain capital markets. | Fintech | Portfolio page | ||
| Portfolio page | ||||
| OneBalance builds non-custodial trading, credit, and settlement infrastructure for institutional digital-asset markets. | Fintech | Portfolio page | ||
| Ormi Labs provides real-time blockchain data for Web3 apps | FintechAI & Machine Learning | Portfolio page | ||
| Polyhedra develops and provides blockchain and artificial intelligence technologies, including a programmable settlement layer and various proof systems. | FintechAI & Machine Learning | Portfolio page | ||
| Risc Zero develops a zero-knowledge virtual machine for verifiable computation | CybersecurityFintech | Portfolio page | ||
| Rome Protocol allows users to deploy EVM protocols on Solana and serve Solana wallets from their own website | FintechCrypto & Web3 | Portfolio page | ||
| Spire Labs is building a technically superior deployment option for the best applications on the Ethereum ecosystem | FintechCrypto & Web3 | Portfolio page | ||
| Sui provides infrastructure for trusted autonomous execution | FintechAI & Machine Learning | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- l2iterative.com
- Last read
- 5 Nov 2026
- Watching since
- 6 Nov 2026
- Rounds since
- 15 Sept 2025
- Companies checked
- 25
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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