L2 Iterative Venture

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.

Kevin Lee

Co-Founder and Managing Director

Weikeng Chen

research Partner

10 past transactions

Irreducible

Series A in 2025
Ulvetanna is an Enterprise Grade Zero-Knowledge Proof Acceleration Platform supporting web3 technologies.

Fiamma

Seed Round in 2024
Fiamma builds the future of finance and the internet on bitcoin with ZK and BitVM2.

Spire

Seed Round in 2024
Spire a zk appchain system with atomic adaptability.

zkPass

Series A in 2024
zkPass is oracle protocol that enables web private data to be verifiable. Built on top of zkTLS, composed of 3P-TLS and Hybrid ZK technologies, zkPass provides tools and applications for secure, verifiable data sharing with privacy and integrity assurances from any HTTPS website without requiring OAuth APIs. zkPass allows users to selectively prove various types of data, such as legal identity, financial records, healthcare information, social interactions, gaming data, real-world assets, work experience, education, and skill certifications. These zero-knowledge proof computations are performed locally and securely, ensuring that sensitive personal data is not leaked or uploaded to third parties. They can be used for AI, DePIN, DID, lending, and other financial and non-financial applications.

Yala

Seed Round in 2024
Yala operates a multi-token system and unlocks a thriving and interconnected DeFi ecosystem on Bitcoin​.

Liquorice

Pre Seed Round in 2024
Liquorice is a developer of a DeFi protocol that combines one-sided loan pools with a MEV-free trading engine.

Aligned Layer

Series A in 2024
Universal Verification Layer for Ethereum using Eigenlayer

Nubit

Pre Seed Round in 2024
Founded by UCSB professor Yu Feng, Nubit is building the Trustless World Computer for Bitcoin, enabling open scaling and programmability of Bitcoin through Bitcoin-native technology (BitVM, OP_CAT, DA, etc). Nubit lets developers build any native application, onboarding the world to Bitcoin. Backed by Polychain. Learn more at Nubit.org.

Lumino

Pre Seed Round in 2024
Lumino is an AI infrastructure startup focused on democratizing access to artificial intelligence for individuals and organizations. It has developed a platform designed to enhance cloud computing processes by streamlining the AI training process. This platform facilitates model development and ensures accountability within production systems. By doing so, Lumino aims to help clients reduce the costs associated with machine learning training while effectively developing and training AI models.

Linera

Seed Round in 2023
Linera is a company focused on enhancing the scalability of web3 applications through its innovative multi-chain infrastructure. By developing a blockchain protocol that introduces microchains, Linera allows these chains to operate in parallel, sharing a common set of validators. This approach aims to bridge the gap between web2 and web3 scalability, providing users with improved network efficiency and reduced latency. Through its solutions, Linera seeks to redefine the potential of blockchain technology, making it more accessible and effective for a broader range of applications.
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