L2 Point Management
1 Letterman Drive, Building C Suite C3500, San Francisco, CA, 94129, United States
Overview
L2 Point is a San Francisco based investment firm providing innovative capital solutions for growth companies. With expertise across the capital structure, L2 Point works to address a common concern of late-stage companies today: the lack of an alternative cost of capital product between highly dilutive growth equity and operationally restrictive debt.
- Total investments
- 6
- Lead investments
- 4
- Investments · 12mo
- 2
- Active investors
- 1
Sector focus
- Finance
- Financial Exchanges
- Financial Services
Investment portfolio
- Wasabi Technologies
Led · Equity · Jan 2026
Wasabi Technologies has built a high-growth business offering Hot Cloud Storage that emphasizes predictable pricing by eliminating egress and API request fees. The company serves customers in over 100 countries and operates 16 global storage regions. Wasabi recently acquired Lyve Cloud from Seagate Technology and introduced Wasabi Fire, an NVMe-based storage class designed for compute-intensive AI and ML training. The business has raised over $700 million in total funding and was valued at $1.8 billion following a $70 million equity round led by L2 Point Management with participation from Everpure. Wasabi says it will continue investing in its platform, infrastructure, and global expansion to meet rising demand for scalable, secure data storage.
- SimSpace
Participated · Equity · Oct 2025
SimSpace builds sophisticated cyber ranges that mirror a customer’s live network, enabling continuous, AI-powered training, live-fire exercises, detection engineering, and technology performance measurement. The platform supports use cases such as AI model training, agent validation, and security-tool optimization, helping organizations move beyond compliance check-boxes to stress-test people, processes, and technologies in lifelike attack scenarios. Clients include federal, state, and local governments, large state universities, and Fortune 100 companies. Led by CEO Peter Lee and headquartered in Boston, the company positions its range as a means to model attack surfaces and validate human/agent teams under high-stress conditions. With its latest capital infusion, SimSpace plans to accelerate global expansion and develop additional use cases tailored to large enterprise and public-sector needs. No revenue or user figures were disclosed in the article, but the company has previously attracted support from investors such as L2 Point Management.
- Up&Up
Participated · Debt Financing · Nov 2021
Up&Up builds a rent-to-wealth platform that lets renters contribute an initial sum (two months’ rent) and ongoing monthly contributions to accrue a share of the property’s appreciation in a digital wallet. The company determines monthly home valuations with a proprietary model fed by FHFA and Zillow indices, broker price opinions and neighborhood data, and uses third‑party appraisals if disputes arise. To date Up&Up has spent $50 million acquiring roughly 300 single‑family homes in Atlanta and St. Louis (about $167,000 per home) and serves approximately 300 leases with an average wallet balance of $7,400 and average contributions of $4,300. The average rent for users on the platform is roughly $1,400, and the portfolio is primarily two‑ and three‑bedroom single‑family houses. With the latest funding the company plans to expand further within its existing cities and into additional U.S. markets, prioritizing single‑family homes over condos or townhouses. Up&Up allows renters to apply wallet funds toward purchasing their rental or another Up&Up property, or to withdraw 90% of the balance if they opt not to buy; renters must sign a two‑year lease.
- Revolution Foods
Led · Equity · Sep 2021
Revolution Foods designs, produces and delivers healthy, culturally relevant meals for schools and community feeding programs across the U.S. The company focuses on meals that meet or exceed federal nutrition and ingredient standards and expanded its offerings during the pandemic to address acute food insecurity. Since its founding in 2006, Revolution Foods has delivered close to 500 million meals across 23 states and created over 1,500 jobs across eight culinary center locations. The company became a Certified B Corp in 2009 and has converted to a Delaware Public Benefit Corporation to codify its social mission, transparency and accountability. The new $60 million funding will support investment in systems, production infrastructure and innovation as the company expands into new channels and regional markets. Revolution Foods aims to continue its mission of building lifelong healthy eaters and providing greater access to nutritious foods, particularly in low-income communities. Revolution Foods produces and delivers kid-inspired, chef-crafted meals to early childhood centers, districts, charter schools and afterschool youth programs. The company supplies roughly two million healthy school and community meals each week and has designed, produced and delivered over 320 million meals across 15 states. It operates within reimbursement levels of youth health programs such as the National School Lunch Program to provide affordable nutrition to underserved youth. Revolution Foods pursues growth via daily food drops and is working to improve its clean-label supply chain and transportation efficiency to accelerate expansion. The company is a certified B Corporation and partners with community organizations such as FoodCorps and Share Our Strength to extend nutrition education beyond the cafeteria. Its stated mission is to transform citywide wellness through healthy, delicious school and community meals. Revolution Foods, founded in 2006, provides nutritious, affordable school lunches to students and consumer-packaged products across the United States. It currently serves over 2 million school meals every week across 14 states and sells retail CPG products in thousands of stores nationwide. The company received a revised accounts receivable line of credit from Bridge Bank and a venture term loan shared by Bridge Bank and Orix Growth Capital Finance; the amounts were not disclosed. The line of credit will support general working capital requirements, while the term loan will help refinance existing debt and provide long-term growth capital. Revolution Foods plans to use the growth capital to invest in its consumer packaged goods business and expand its manufacturing plant. Founded eight years ago by two women and mothers, Revolution Foods prepares chef-crafted breakfast, lunch, snacks and suppers that are NSLP and CACFP compliant and made with natural ingredients (no HFCS, artificial colors/flavors, preservatives, or trans fats). The company now serves more than 200,000 K–12 students in 1,000 schools across 50 metro markets and delivers about 1 million meals per week. Roughly 80% of those meals go to students in underserved communities on the free and reduced meal program. Revolution Foods has grown at a 100% compound annual growth rate since inception and is expected to begin the next fiscal year with an approximate $100 million revenue run rate. It is headquartered in Oakland and operates seven culinary centers plus its headquarters with over 1,000 employees. The company is expanding its retail business (launched last August) with Meal Kits sold in about 2,000 U.S. grocery stores including Safeway, Vons and HEB.
Team
Kerstin Dittmar
Managing Partner
LinkedIn