About L37
L37 is a venture capital firm founded in 2019. It is primarily based out of San Francisco, United States. As of Feb 2023, L37 has invested in 21 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series A round of Nalu Overall, L37 portfolio has seen 4 acquisitions including key companies like Tradeteq, StemoniX and DignifiHealth. A lot of funds co-invest with L37, with names like Kindred Ventures sharing a substantial percentage of its portfolio. L37 has team of 2 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Portfolio Soonicorns
L37's List of Top Investments
L37 has a portfolio of 21 companies. Their most notable investments are in Nalu and Scepter.Their portfolio spans across United States, Canada and United Kingdom. They have invested in Enterprise Applications, High Tech, Consumer and 15 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by L37:1. Sendoso
Sendoso offers account based marketing platform to businesses. Allows businesses to source and send gifts to prospects through multiple channels. Integrates with third party systems like Salesforce to set up reminders and boost engagement metrics. Supports managing multiple teams and track engagement metrics and effectiveness. The revenue model is subscription based, starting from USD 300/month. Clients include Thomson Reuters, Four Seasons, and Signpost, among others.
Key facts about Sendoso
- Founded Year: 2016
- Location: San Francisco (United States)
- Stage: Series C
- Total Funding till date: $157M
- Employee Count: 405 as on Mar 31, 2026
- Investors: Storm Ventures, Felicis Ventures and 12 Others
- Latest Funding Round: Series C, Sep 14, 2021, $*****
- Highlight: Editors' Pick
2. Data Gumbo
Smart contracts-enabled blockchain-as-a-service platform. It provides GumboNet, a transactional network for digital transformation for capital-intensive industries. It features an interconnected industrial blockchain network, volume-based subscription service, record for contractual counterparties, real-time financial health & management, and more.
Key facts about Data Gumbo
- Founded Year: 2016
- Location: Houston (United States)
- Stage: Series C
- Total Funding till date: $18.8M
- Employee Count: 5 as on Mar 31, 2026
- Investors: Equinor, Plug and Play Tech Center and 3 Others
- Latest Funding Round: Series C, Aug 10, 2022, $*****
- Highlight: Editors' Pick
Provider of a SaaS-based collaborative performance management platform. Its features include the reconciliation of data discrepancies, contextualization of service failures, actionable insights, and cost analysis for each order, shipment, and carrier.
Key facts about Isometric Technologies
- Founded Year: 2014
- Location: San Francisco (United States)
- Stage: Series A
- Total Funding till date: $18M
- Employee Count: 40 as on Dec 31, 2022
- Investors: Adit Ventures, Alumni Ventures and 16 Others
- Latest Funding Round: Series A, Sep 13, 2022, $*****
Manufacturer of electric outboard motors and marine propulsion systems. The company focuses on designing and producing electric motor and battery solutions that replace traditional gas outboards for boats. It serves recreational and commercial marine markets with systems emphasizing quiet operation, low maintenance, and environmental impact reduction.
Key facts about Pure Watercraft
- Founded Year: 2011
- Location: Seattle (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $67.7M
- Employee Count: 27 as on Mar 31, 2026
- Investors: Vidavo, General Motors and 6 Others
- Latest Funding Round: Series B, Apr 15, 2024, $*****
- Highlight: Editors' Pick
5. Tradeteq
Provider of an online marketplace for trade finance. Originators create a profile online to connect with investors. The investor reviews the originator's profiles and contacts the originator. The funder and originator work together on the portfolio before and after transaction implementation. Provides credit analytics, reporting, and cloud-based investment solutions to investors that help them assess and risk-manage opportunities in trade finance.
Key facts about Tradeteq
- Founded Year: 2016
- Location: London (United Kingdom)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $29.9M
- Employee Count: 13 as on Mar 31, 2026
- Investors: Niya Partners, Marbruck Investments and 9 Others
- Latest Funding Round: Series A, Sep 06, 2023, $*****
- Highlight: Acquired
L37's Year-on-Year Investment Trends
L37 has invested in 21 companies over the last 6 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Appalachia and most recent follow-on round was in Nalu.L37's Investments by Stage
L37 has made 5 investments in Seed stage with an average round size of $5M, 2 investments in Series A stage with an average round size of $23.8M and 2 investments in Series B stage with an average round size of $13M.Stage of entry | No. of Investments |
|---|---|
Seed | 5 |
Series A | 2 |
Series B | 2 |
Note: We have considered here, only first round of investments
L37's Investments by Sector
L37 has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, Aerospace, Maritime and Defense Tech, Auto Tech and Blockchain Technology. Notably, it has invested in 13 Enterprise (B2B) companies, 12 Tech companies, 8 Software companies and at least 7 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 3 |
Vertical SaaS | 2 |
Aerospace, Maritime and Defense Tech | 1 |
Auto Tech | 1 |
Blockchain Technology | 1 |
Others | 11 |
Note: We have considered here, only first round of investments
L37's Investments by Geography
L37 has made most investments in United States (9).L37's recent investments
L37 has not made any investment in 2026 so far.Here are the most recent investments by L37:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 28, 2023 | United States | Series A | 1413 | ||
Sep 13, 2022 | United States | Series A | 9166 | [+14] | |
Dec 10, 2021 | United States | Seed | 7488 | ||
Jun 04, 2021 | United States | Seed | 1661 | ||
Apr 16, 2021 | United States | Seed | 9059 | - |
Acquired companies in L37's Portfolio
4 companies from L37's portfolio have been acquired. The most recent acquisition was DignifiHealth in Aug 2025 by Sellers Dorsey for $*****.Here are L37's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 01, 2025 | Apr 16, 2021 | Seed | 7404 | |
Jun 04, 2025 | - | - | 2727 | |
Aug 24, 2020 | - | - | 5808 | |
Dec 01, 2010 | - | - | 6450 |
Team profile of L37
L37 has a team of 2 members located in United States. L37's team does not sit on the board of any company as of now.Co-investors of L37
Over the past 6 years, 42 investors have co-invested in L37's portfolio companies. This includes funds and angels.
- Invested before L37: Equinor, Aramco Ventures and 6 others have invested in rounds before L37. There is 1 company where Equinor has invested before L37 and 1 company where Aramco Ventures has invested before L37.
- Top Co-investors of L37: 12 investors entered a company along with L37. These include investors like Kindred Ventures (1 company).
- Invested after L37: A total of 22 investors have invested in L37's portfolio after their investments. Top Investors include Blackhorn Ventures (1 company), Adit Ventures (1 company) and Mantis VC (1 company).
Recent News related to L37
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Nalu Bio Raises $12M in Series A FundingFinSMEs•Feb 27, 2023•Nalu, Intrinsic Capital Partners, Flybridge Capital Partners, Portfolia and 7 others
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Data Gumbo Closes $7.7 Million Series B Funding RoundBusiness Wire•Aug 04, 2021•Data Gumbo, Equinor, Saudi Aramco Energy Ventures, L37
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ADDING MULTIMEDIA Scepter, Inc. Closes Series Seed Round of Financing With L37 Ventures and Table Rock to Further Develop Its Patented ScepterAir Integrated Data Analytics Platform; Total Funding Will Exceed $5.0M With the Financing Led by L37Business Wire•Jun 05, 2021•Scepter, L37, Table Rock Infrastructure Partners
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Scepter, Inc. Closes Series Seed Round of Financing With L37 Ventures and Table Rock to Further Develop Its Patented ScepterAir Integrated Data Analytics Platform; Total Funding Will Exceed $5.0M With the Financing Led by L37Business Wire•Jun 04, 2021•Scepter, L37, Table Rock Infrastructure Partners
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Porter Road’s sustainable, whole animal butchery raises $10 million to expand across the USTechCrunch+•Mar 08, 2021•FJ Labs, Porter Road, RiverPark Ventures, Middleland Capital and 4 others
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