L2 Iterative Ventures (L2IV)
Venture capitalSan Francisco Β· Seed Β· 7 people tracked
Investment thesis
L2IV invests in the frontier of Web3 and blockchain innovation, with particular expertise in zero-knowledge proof systems and multi-dimensional Web3 infrastructure. As the specialized arm of L2 Capital Management, the firm positions itself as a hands-on, technically-savvy partner rather than a passive capital provider, aiming to support founders from early ideas through global scale. It combines world-class investors, crypto-native technologists, and entrepreneurs, and maintains a presence spanning East and West to help portfolio companies achieve global reach in building a decentralized future.
Source: firm website, verified Aug 3, 2026.
Team Β· 7 people
from the firm's websiteFounder mafia
2 people who came through L2 Iterative Ventures (L2IV) went on to found or lead other companies.
What they invest in
from 9 of 31 portfolio companiesCrypto & Web3 Γ9AI & Machine Learning Γ3Data & Infrastructure Γ3Developer Tools Γ3Cybersecurity Γ2Fintech Γ2Cloud Computing Γ1Deep Tech Γ1
HQs:United StatesΓ1
Investments Β· 31 tracked
founders shown can be your intro pathCo-investorsBankless VenturesHack VCPaper Ventures
Arcium operates a decentralized network for confidential computing that uses Secure Multi-Party Computation (MPC) to execute computations without exposing input data.
AI & Machine LearningCrypto & Web3Cybersecurity
Yannik Schrade(Founder)in
Co-investorsCoinbase VenturesLongHash VenturesSMAPE CapitalGreenfield
Babylon Labs develops trustless infrastructure that enables Bitcoin to be used as collateral in decentralized finance and through a Bitcoin staking protocol for blockchain validation.
Crypto & Web3
Fisher Yu(Founder)
Co-investorsa16z cryptoAlumni VenturesAndreessen HorowitzBasecamp FundCastle Island VenturesHack VC+3 more
EigenCloud is a developer platform that adds cryptographic verifiability to data, computation, and AI inference, backed by slashable stake on EigenLayer.
AI & Machine LearningCrypto & Web3Developer Tools
Co-investorsElectric CapitalEthereal Ventures Management Ltd.LemniscapRR2 Capitala16z cryptoAndreessen Horowitz
Co-investorsBorderless VentureDigital Finance Group
Monad is a high-performance EVM-compatible blockchain designed for fast, low-cost transactions.
Cloud ComputingCrypto & Web3Data & Infrastructure
Co-investorsAlphaLab CapitalAmbush CapitalArchetypeBankless VenturesBig Brain HoldingsBloccelerate VC+23 more
Co-investorsProtagonistSymbolic Capital
OneBalance provides a unified interface that lets applications give their users access to digital assets and opportunities across multiple blockchains.
Crypto & Web3Developer ToolsFintech
Daniel Worsley(Chief Operating Officer)
Co-investorsBlockchain CapitalBreedMirana VenturesWintermute
Polyhedra Network builds blockchain infrastructure for AI applications, including EXPchain, a chain for verifiability, data security, and performance of AI systems, and the ZKJ token for gas and governance.
AI & Machine LearningCrypto & Web3Data & Infrastructure
Co-investorsArcane GroupLongHash VenturesMapleblock CapitalPuzzle VenturesRR2 CapitalSignum Capital+7 more
Renzo Protocol provides liquid staking and restaking infrastructure along with reserve vaults that deploy capital into delta-neutral, RWA-backed, and basis/carry trade strategies.
Crypto & Web3Fintech
Co-investorsBankless VenturesBitDAOCrypto DiscoverEdessa CapitalFigmentIOSG Ventures+5 more
RISC Zero provides verifiable computation technology that lets anyone cryptographically confirm a computation's output is correct without recomputing it, while preserving privacy.
Crypto & Web3CybersecurityDeep TechSeattle, US
Frank Laub(Executive Officer, Director)inBrian Retford(Executive Officer, Director)Jeremy Bruestle(Executive Officer, Director)
Co-investorsBain Capital CryptoBlockchain CapitalD1 VenturesFenbushi CapitalFigmentMaven 11+3 more
The Sui Foundation is an independent organization that supports and grows the Sui blockchain ecosystem, working to lower technical and financial barriers for developers building on Sui and to drive broader adoption.
Crypto & Web3Data & InfrastructureDeveloper Tools
Evan Cheng(Founder)in
Co-investorsBixin CapitalBixin VenturesCoinbase VenturesCrypto DiscoverCVP NoLimitElectric Capital+6 more
Decentralized Ethereum-equivalent ZK-rollup aiming to scale Ethereum while maintaining security and decentralization
Co-investorsMapleblock CapitalSancus Ventures
Portfolio news
latest coverage across their companies
Sui Β· bitcoinfoundation.org Β· Aug 19, 2026

Monad Β· crypto-economy.com Β· Jul 17, 2026
Babylon Β· finance.yahoo.com Β· Jan 7, 2026
EigenCloud Β· blog.eigencloud.xyz Β· Dec 18, 2025
Renzo Β· leadsontrees.com Β· Apr 14, 2025
Frequently asked questions
- How many investments has L2 Iterative Ventures (L2IV) made?
- L2 Iterative Ventures (L2IV) has 31 tracked investments.
- What stage does L2 Iterative Ventures (L2IV) invest at?
- L2 Iterative Ventures (L2IV) invests at the Seed stage.
- What sectors does L2 Iterative Ventures (L2IV) focus on?
- L2 Iterative Ventures (L2IV) focuses on AI & Machine Learning, Crypto & Web3, Data & Infrastructure.
- Where is L2 Iterative Ventures (L2IV) located?
- L2 Iterative Ventures (L2IV) is headquartered in San Francisco, US.
- Who does L2 Iterative Ventures (L2IV) co-invest with?
- L2 Iterative Ventures (L2IV) most often shares deals with Bankless Ventures, Coinbase Ventures, Electric Capital, among 66 tracked co-investors.
Images
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