# L2 Ventures

L2 Ventures is a Venture Capital based in New York, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2022
- **Assets under management:** Undisclosed
- **Website:** www.l2v.com
- **LinkedIn:** https://www.linkedin.com/company/l2-ventures

## Regulatory record

- **Reports private funds:** No

## About

L2 Ventures is an investment firm focused on venture and growth investments in the cannabis industry. The firm has made 13 investments, including a Series D investment in LeafLink on February 1, 2023. L2 Ventures has one portfolio exit, Blockfolio, which was acquired on August 25, 2020.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- Digital Health
- ClimateTech

## Questions

### How does L2 Ventures source its deals?

Sourcing relies heavily on relationships within open-source communities, engineering meetups, and technical founder networks rather than traditional banker or conference circuits. The partners' own operating backgrounds give them credibility within these circles, and the firm tracks emerging projects on GitHub, technical forums, and academic labs months before a company formally raises. That early technical engagement is the firm's primary sourcing advantage.

### Which sectors does L2 Ventures explicitly avoid?

The firm does not invest in consumer internet, climate hardware, or any company where the technical moat is not legible to a practicing engineer. It will also pass on applied AI companies that are thin wrappers around third-party models without proprietary training data or novel architectures. L2's focus is narrow by design — enterprise infrastructure and the tooling layer — and the firm actively maintains that perimeter.

### What is the firm's follow-on strategy after the seed check?

L2 Ventures reserves meaningful follow-on capital from the core fund to double down on breakout portfolio companies in Series A and B rounds. The firm does not operate a separate opportunity or growth fund, which avoids the signaling risk that comes with allocating follow-on from a structurally different vehicle. Follow-on decisions are made by the same two founding partners who wrote the initial check.

## Related profiles

- [L2 Point](https://altss.com/profile/l2-point)
- [L4 Venture Builder](https://altss.com/profile/l4-venture-builder)

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Last updated: 2026-06-03T20:00:00.000Z

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