L2 Ventures is a New York-based venture capital firm that primarily focuses on growth-stage investments within the cannabis industry, emphasizing software, commerce, and lifestyle sectors in the United States. The firm also invests across a diverse range of sectors including technology, financial services, and healthcare, with an investment strategy spanning from seed to late-stage funding.
60% of their portfolio is in E-Commerce & Marketplace. Average disclosed round size is $120.2M (across 5 rounds with reported amounts).
Portfolio
5
Fund Size
—
Top Stage
Series B
Last 12 Mo
0
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
5 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| Series D | $100M | Feb 2023 | |
| Growth | $360M | Jan 2022 | |
| Series C | $100M | Aug 2021 | |
| Seed | $5.8M | Nov 2019 | |
| Series B | $35M | — |
Top Co-Investors
Nosara Capital2 shared
Thrive Capital1 shared
Lerer Hippeau1 shared
Sequoia Capital1 shared
Liquid 2 Ventures1 shared
Founders Fund1 shared
Fika Ventures1 shared
Crosscut1 shared
TenOneTen1 shared
IGSB1 shared
1984 Ventures1 shared
GroundUp1 shared
Oberndorf Enterprises1 shared
Third Point Ventures1 shared
Gotham Green Partners1 shared
Delta Emerald Ventures1 shared
The Artemis Fund1 shared
CPMG1 shared
SC Ventures1 shared
Gemini Frontier Fund1 shared
Last updated: 8 March 2026
