L37 Ventures

L37 Ventures is a venture capital firm founded in 2020 and based in Houston, Texas. Comprising a diverse team of entrepreneurs, operators, academics, and investors, L37 focuses on investing in innovative and globally-minded founders. The firm is dedicated to scaling early-stage success through active involvement and support, concentrating on problem-solving and value creation. L37 Ventures distinguishes itself by eschewing traditional constraints, allowing for a more adaptable approach in fostering growth and development within its portfolio.

Kemal Farid

Partner

John Tilney

Partner

Randall Ussery

Partner

10 past transactions

Nalu Bio

Series A in 2023
Nalu Bio is a biotechnology company focused on producing cannabinoids, including CBD, through a proprietary chemistry-based platform rather than traditional plant extraction methods. This innovative approach allows Nalu Bio to create consistent and high-quality cannabinoid products that are free from THC, chemicals, and pesticides, while significantly reducing resource usage—utilizing 700 times less land, 70 times less water, and 14 times less energy compared to conventional methods. The company aims to set new standards in cannabinoid production for both consumer and pharmaceutical markets by ensuring purity and accessibility, thereby positioning itself to disrupt the traditional hemp extraction industry.

Appalachia Made

Seed Round in 2021
Appalachia Made is dedicated to transforming the economy of Appalachia by creating sustainable employment opportunities and shifting the national perception of the region. The company achieves this through converting former coal mining sites into thriving destinations for adventure sports activities such as hiking, fishing, hunting, and hosting music festivals. By offering these experiences, Appalachia Made aims to attract visitors and foster a positive narrative around Appalachia while providing meaningful jobs for local residents.

Data Gumbo

Series B in 2021
Data Gumbo provides a blockchain-based smart contract platform that links real-time IoT sensor data with operational information to automate performance-based transactions. The platform operates as a blockchain-as-a-service solution, collecting and standardizing data for smart contract algorithms and enabling automatic execution on configurable schedules. It serves enterprises globally, including oil and gas supply chains, and aims to reduce payment delays, disputes, and complex reconciliations by integrating real-time data, APIs, and distributed ledger technology. Beyond transactional automation, the company offers sustainability measurement tools that tie operational data to ESG standards, helping reduce contract leakage, free up working capital, and improve cash flow and visibility. The result is streamlined operations, greater accountability, and provenance across complex industrial networks.

Scepter

Seed Round in 2021
Scepter Inc. specializes in environmental intelligence by offering a patented platform for real-time air pollution monitoring. The company utilizes a network of terrestrial, airborne, and Low-Earth-Orbit satellite-based sensors to measure air quality across the vertical air column. This innovative approach provides comprehensive global-to-local data on air pollution, which is further enhanced by integrating information from various sources, including wind data and established healthcare criteria. The resulting analyses offer actionable insights that benefit businesses, consumers, governments, and non-governmental organizations, helping them make informed decisions regarding air quality management and public health.

Porter Road Butcher

Series A in 2021
Porter Road is a omnichannel whole animal butcher changing the broken food system, by working directly with farmers to offer exceptional, sustainably raised meat direct to consumer.  The company was founded by James Peisker and Chris Carter.

Nalu Bio

Seed Round in 2021
Nalu Bio is a biotechnology company focused on producing cannabinoids, including CBD, through a proprietary chemistry-based platform rather than traditional plant extraction methods. This innovative approach allows Nalu Bio to create consistent and high-quality cannabinoid products that are free from THC, chemicals, and pesticides, while significantly reducing resource usage—utilizing 700 times less land, 70 times less water, and 14 times less energy compared to conventional methods. The company aims to set new standards in cannabinoid production for both consumer and pharmaceutical markets by ensuring purity and accessibility, thereby positioning itself to disrupt the traditional hemp extraction industry.

Pure Watercraft

Series A in 2020
Pure Watercraft, Inc., founded in 2011 and based in Seattle, Washington, specializes in designing, manufacturing, and selling battery-electric propulsion systems for boats. The company offers a range of products, including pontoon boats, bass boats, coaching launches, and rigid inflatables, all equipped with electric outboard motors. These systems are not only clean and quiet but also contribute to environmental sustainability by emitting zero pollution. Pure Watercraft aims to provide users with low-maintenance, rechargeable watercraft suitable for fishing and leisure activities. The company's products are available for purchase online, reflecting its commitment to making boating more environmentally friendly for future generations.

Data Gumbo

Series B in 2020
Data Gumbo provides a blockchain-based smart contract platform that links real-time IoT sensor data with operational information to automate performance-based transactions. The platform operates as a blockchain-as-a-service solution, collecting and standardizing data for smart contract algorithms and enabling automatic execution on configurable schedules. It serves enterprises globally, including oil and gas supply chains, and aims to reduce payment delays, disputes, and complex reconciliations by integrating real-time data, APIs, and distributed ledger technology. Beyond transactional automation, the company offers sustainability measurement tools that tie operational data to ESG standards, helping reduce contract leakage, free up working capital, and improve cash flow and visibility. The result is streamlined operations, greater accountability, and provenance across complex industrial networks.

Pure Watercraft

Series A in 2020
Pure Watercraft, Inc., founded in 2011 and based in Seattle, Washington, specializes in designing, manufacturing, and selling battery-electric propulsion systems for boats. The company offers a range of products, including pontoon boats, bass boats, coaching launches, and rigid inflatables, all equipped with electric outboard motors. These systems are not only clean and quiet but also contribute to environmental sustainability by emitting zero pollution. Pure Watercraft aims to provide users with low-maintenance, rechargeable watercraft suitable for fishing and leisure activities. The company's products are available for purchase online, reflecting its commitment to making boating more environmentally friendly for future generations.

Mogul Hotels & Residences

Seed Round in 2020
Mogul Hotels and Residences is a technology and branding company focused on revolutionizing the hospitality industry through artificial intelligence. By integrating work-live designs, data science, and robotics, the company aims to create value for various stakeholders. Its AI-driven technologies enhance the entire service profit chain, facilitating processes from reservations and customer loyalty to human capital management. Mogul Hotels collaborates with owners, operators, and technology firms to implement innovations that improve unit economics while delivering exceptional customer service. By harnessing advanced technology, the company strives to modernize the hospitality experience and set new standards in the sector.
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