L2IV

L2 Iterative Ventures (L2IV) is a United States-based venture capital firm operating as the Web3 investment arm of L2 Capital Management, specializing in blockchain infrastructure, zero-knowledge proof systems, and multi-dimensional Web3 innovations. The firm invests in frontier technologies from the seed stage onward, providing technical support and leveraging its global network to accelerate decentralized projects. With a team of 1-10 employees, L2IV has actively participated in notable funding rounds, including Babylon's $18 million raise and Spire Labs' $7 million seed round in October 2024, alongside other investments in rounds raising $24 million and $1.2 million in September 2025. Its portfolio further includes companies like Re7 Labs, demonstrating a consistent focus on private computing and advanced blockchain solutions. L2IV was co-founded by Kevin Lee in 2022.