# L2 Iterative Venture

> L2 Iterative Venture is a VC fund backing Cryptocurrency and Blockchain. See 17 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: San Francisco, United States
- Total investments: 17
- Last investment: Sep 2025
- Lead investor: 18%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/l2iv
- Website: https://www.l2iterative.com

L2 Iterative Venture is a web3 arm of L2 capital management. It helps in development of blockchain infrastructure, private computing, and zero-knowledge proof applications.

## Contacts

5 contacts available for L2 Iterative Venture. Shizune tracks 2 team members at L2 Iterative Venture. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/l2-iterative-venture?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $2.5M–$8M |
| Pre-Seed | $1.2M–$5M |
| Series A | $13M–$24M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Cryptocurrency | 6 | 35% |
| Blockchain | 5 | 29% |
| Bitcoin | 3 | 18% |
| Internet | 3 | 18% |
| Information Technology | 3 | 18% |

15 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Pre-Seed | 6 | 35% |
| Seed | 4 | 24% |
| Series A | 4 | 24% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 2 | 12% |
| Germany | 1 | 6% |
| Argentina | 1 | 6% |
| Australia | 1 | 6% |
| Singapore | 1 | 6% |

6 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Kevin Lee | Co-Founder & managing Director | 1 | https://shizune.co/investors/profile/kevin-lee-6fd5 |
| Weikeng Chen | research Partner | 2 | https://shizune.co/investors/profile/weikeng-chen-5861 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Epoch Protocol | Epoch Protocol is an Web3 company that offers universal coordination layer for Web3. | $1.2M | Pre-Seed | Sep 15, 2025 |  |
| OneBalance | OneBalance is a new framework for credible accounts - combining chain abstraction, gas abstraction and permission management to solve the fragmented Web3 user experience. | $20M | Series A | Jun 11, 2025 |  |
| Irreducible | Irreducible is an Enterprise Grade Zero-Knowledge Proof Acceleration Platform supporting web3 technologies. | $24M | Series A | Jan 30, 2025 |  |
| Fiamma | Fiamma builds the future of finance and the internet on bitcoin with ZK and BitVM2. | $4M | Seed | Dec 04, 2024 |  |
| Fiamma | Fiamma builds the future of finance and the internet on bitcoin with ZK and BitVM2. | $4M | Seed | Dec 04, 2024 |  |
| GAIB | GAIB is the economic foundation for the future of artificial intelligence and computers. GAIB is a crypto-AI platform under development that tokenize GPUs, making AI computing—the processing power required to train and run AI models—more accessible. | $5M | Pre-Seed | Nov 03, 2024 |  |
| Spire Labs | Spire a zk appchain system with atomic adaptability. | $7M | Seed | Oct 31, 2024 |  |
| zkPass | zkPass is a privacy-preserving protocol for private data verification. It is built on the foundation of Multi-Party Computation (MPC), Zero-Knowledge Proofs (ZKP), and three-party Transport Layer Security (3P-TLS). zkPass provides TransGate, which enables users to selectively and privately validate their data on any HTTPS website to the web3 world.It can cover various data types such as legal identity, financial records, healthcare information, social interactions, work experience, education and skill certifications, etc. All these types of verifications can be done securely and privately without the need to disclose or upload any sensitive personal data to third parties. | $12.5M | Series A | Oct 17, 2024 |  |
| Yala | Yala operates a multi-token system and unlocks a thriving and interconnected DeFi ecosystem on Bitcoin​. | $8M | Seed | Oct 10, 2024 |  |
| Liquorice | Liquorice is a developer of a DeFi protocol that combines one-sided loan pools with a MEV-free trading engine. | $1.2M | Pre-Seed | Jul 30, 2024 |  |

10 of 17 investments shown.

## Co-investors
- [dao5](https://shizune.co/investors/profile/dao-5) — VC Fund, 4 deals together
- [MH Ventures](https://shizune.co/investors/profile/mh-ventures) — VC Fund, 4 deals together
- [Faction](https://shizune.co/investors/profile/faction-0d34) — VC Fund, 3 deals together
- [GeekCartel](https://shizune.co/investors/profile/geekcartel) — VC Fund, 3 deals together
- [Hack VC](https://shizune.co/investors/profile/hack-vc) — VC Fund, 3 deals together
- [Faction](https://shizune.co/investors/profile/lightspeed-faction) — VC Fund, 3 deals together

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## FAQ

### What does L2 Iterative Venture invest in?

L2 Iterative Venture invests primarily in Cryptocurrency, Blockchain and Bitcoin startups, most often at Pre-Seed and Seed stage. Most of the 17 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is L2 Iterative Venture's check size?

L2 Iterative Venture typically joins rounds of $2.5M–$8M at Seed, $1.2M–$5M at Pre-Seed and $13M–$24M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds L2 Iterative Venture participates in.

### How do I contact L2 Iterative Venture?

Public channels for L2 Iterative Venture include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at L2 Iterative Venture?

The team at L2 Iterative Venture includes Kevin Lee (Co-Founder & managing Director) and Weikeng Chen (research Partner). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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