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The Venture Codex

LL Funds

2400 Market Street, Suite 302, Philadelphia, PA, 19103, United States

Overview

Independent investment firm focused on asset-backed securities.

Founded

2009

Deals ยท 12mo

1

Links

WebsiteLinkedIn

Stage focus

Debt
Series A
Series B

Geographic focus

United States

Sector focus

Banking
Consulting
Financial Services
Venture Capital

Investment portfolio

13rounds
NAMEDATESIZE
Quantum
Nov 2025Participated
$400 MDebt
Billd
Oct 2024Led
$18 MOther Equity
Picket
Jun 2023Led
$20 MSeries B
Freemodel
Jan 2023Participated
$20 MSeries A
Billd
Nov 2022Led
$100 MDebt
Poplar Homes
Mar 2022Led
$53 MSeries B
Billd
Jul 2021Led
$30 MSeries B
Leif
May 2021Led
$60 MDebt
Billd
Jan 2019Led
$60 MSeries A
Offerpad
May 2018Led
$150 MDebt
Offerpad
Jan 2017Participated
$260 MOther Equity
Figtree Financing
Mar 2016Led
$30 MSeries A
Quantum
Nov 2025Participated
$400 MDebt
Billd
Oct 2024Led
$18 MOther Equity
Picket
Jun 2023Led
$20 MSeries B
Freemodel
Jan 2023Participated
$20 MSeries A
Billd
Nov 2022Led
$100 MDebt
Poplar Homes
Mar 2022Led
$53 MSeries B
Billd
Jul 2021Led
$30 MSeries B
Leif
May 2021Led
$60 MDebt
Billd
Jan 2019Led
$60 MSeries A
Offerpad
May 2018Led
$150 MDebt
Offerpad
Jan 2017Participated
$260 MOther Equity
Figtree Financing
Mar 2016Led
$30 MSeries A
13
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Insights

Time horizon

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Deal Distribution

LL Funds: 13 funding rounds are recorded in the selected participation categories.All available history.
LL Funds: 13 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A21
Series B30
Other Equity12
Debt31

Monthly Deal Activity

LL Funds: 13 deals are recorded across 129 months.All available history.
LL Funds: 13 deals are recorded across 129 months. All available history
MonthDeals
Feb '161
Mar '161
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '171
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '181
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '191
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '211
Jun '210
Jul '211
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '221
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '221
Dec '220
Jan '231
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

LL Funds: Real Estate & Construction is the largest displayed sector by deal count (8 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.

LL Funds: Real Estate & Construction is the largest displayed sector by deal count (8 deals). All available history
SectorDeals
Real Estate & Construction8
Fintech7
E-Commerce & Retail3
Clean Energy & Sustainability2
Education & Workforce1
Social & Community Platforms1

Deal Size Distribution

LL Funds: 13 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.

LL Funds: 13 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M3
$25M-$50M2
$50M-$100M4
$100M-$250M2
$250M-$500M2
$500M-$1B0
$1B+0

Deals By Geography

LL Funds: United States has the largest recorded deal count among the displayed regions (13 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

LL Funds: United States has the largest recorded deal count among the displayed regions (13 deals). All available history
RegionDeals
United States13
LL Funds: 20 co-investors are shown, with RJT Credit 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.

LL Funds: 20 co-investors are shown, with RJT Credit sharing 3 recorded deals. All available history
Co-investorShared deals
RJT Credit3
Ulysses Management2
1984 Ventures1
1Sharpe Ventures1
AGNC Ventures1
Angeleno Group1
Apollo1
ATLAS SP Partners1
Claremont Creek Ventures1
Crescent Cove Advisors1
Crossbeam Venture Partners1
FJ Labs1
HighSage Ventures1
Insita Group1
MissionOG1
NGEN Partners1
Prelude Ventures1
QED Investors1
RET Ventures1
RWT Horizons1

Investment Strategy

LL Funds: Led accounts for 69% and participating for 31% of round participation.All available history.
LL Funds: Led accounts for 69% and participating for 31% of round participation. All available history
CategoryDeals (count)Share (%)
Led969%
Participating431%
LL Funds: Single-lead accounts for 78% and co-led for 22% of lead dynamics.All available history.
LL Funds: Single-lead accounts for 78% and co-led for 22% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead778%
Co-led222%

Team

Roberto Sella

Founder and Managing Partner

Shivraj Mundy