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L2IV

San Francisco, CA, United States

Overview

Web3 venture focused on blockchain infrastructure and private computing.

Deals · 12mo

0

Links

WebsiteLinkedIn

Stage focus

Seed
Series A

Geographic focus

Cayman Islands
Singapore
Switzerland
United States

Sector focus

—

Investment portfolio

12rounds
NAMEDATESIZE
Epoch Protocol
Sep 2025Led
$1 MOther Equity
OneBalance
Jun 2025Participated
$20 MSeries A
Turtle Club
May 2025Participated
$6 MSeed
Gaib
Dec 2024Participated
$5 MSeed
Fiamma
Dec 2024Led
$4 MSeed
zkPass
Oct 2024Participated
$13 MSeries A
Yala
Oct 2024Participated
$8 MSeed
ZKEX
Jul 2024Participated
$3 MSeed
Nubit
Jun 2024Participated
$8 MSeed
Arcium
May 2024Participated
$6 MOther Equity
Lumino
Mar 2024Participated
$3 MSeed
Linera
Aug 2023Participated
$6 MSeed
Epoch Protocol
Sep 2025Led
$1 MOther Equity
OneBalance
Jun 2025Participated
$20 MSeries A
Turtle Club
May 2025Participated
$6 MSeed
Gaib
Dec 2024Participated
$5 MSeed
Fiamma
Dec 2024Led
$4 MSeed
zkPass
Oct 2024Participated
$13 MSeries A
Yala
Oct 2024Participated
$8 MSeed
ZKEX
Jul 2024Participated
$3 MSeed
Nubit
Jun 2024Participated
$8 MSeed
Arcium
May 2024Participated
$6 MOther Equity
Lumino
Mar 2024Participated
$3 MSeed
Linera
Aug 2023Participated
$6 MSeed
12
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Insights

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Deal Distribution

L2IV: 12 funding rounds are recorded in the selected participation categories.All available history.
L2IV: 12 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed17
Series A02
Other Equity11

Monthly Deal Activity

L2IV: 12 deals are recorded across 39 months.All available history.
L2IV: 12 deals are recorded across 39 months. All available history
MonthDeals
Aug '231
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '241
Apr '240
May '241
Jun '241
Jul '241
Aug '240
Sep '240
Oct '242
Nov '240
Dec '242
Jan '250
Feb '250
Mar '250
Apr '250
May '251
Jun '251
Jul '250
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

L2IV: Crypto & Blockchain is the largest displayed sector by deal count (10 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

L2IV: Crypto & Blockchain is the largest displayed sector by deal count (10 deals). All available history
SectorDeals
Crypto & Blockchain10
Networks, Cloud & Communication4
AI & Machine Learning2
Enterprise Software1
Fintech1
Cybersecurity & Privacy1
Transportation & Logistics1

Deal Size Distribution

L2IV: 12 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

L2IV: 12 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M6
$10M-$25M2
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

L2IV: United States has the largest recorded deal count among the displayed regions (5 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

L2IV: United States has the largest recorded deal count among the displayed regions (5 deals). All available history
RegionDeals
United States5
Europe3
Singapore2
Cayman Islands1
Vg11101
L2IV: 20 co-investors are shown, with Animoca Brands sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

L2IV: 20 co-investors are shown, with Animoca Brands sharing 3 recorded deals. All available history
Co-investorShared deals
Animoca Brands3
Longhash Ventures3
MH Ventures3
280 Capital2
Amber Group2
Fenbushi Capital2
Flow Traders2
G20 Ventures2
GCR2
Laser Digital2
Lightspeed Faction2
Moonhill Capital2
Polychain Capital2
Aethir1
Alphemy Capital1
Ambush Capital1
Anagram1
Andreessen Horowitz1
Archimed Capital1
ArkStream Capital1

Investment Strategy

L2IV: Led accounts for 17% and participating for 83% of round participation.All available history.
L2IV: Led accounts for 17% and participating for 83% of round participation. All available history
CategoryDeals (count)Share (%)
Led217%
Participating1083%
L2IV: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
L2IV: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led2100%

Team

Kevin Lee

Co-Founder & managing Director

Kony Kwong

Investment

Weikeng Chen

research Partner