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L1D

Europe, Zurich, Switzerland, Zürich

Description

L1 Digital AG is a prominent Swiss-based institutional investment firm headquartered in Zürich, specializing in the digital asset space. The firm positions itself as a gateway for institutional clients seeking exposure to the rapidly evolving cryptocurrency and blockchain ecosystem. Their core offering revolves around actively managed funds and tailored investment solutions designed to meet the stringent requirements of institutional investors, including pension funds, family offices, and endowments. L1 Digital emphasizes a rigorous, research-driven investment process, coupled with robust risk management frameworks, to navigate the complexities and volatility inherent in the digital asset market.

The firm's investment philosophy is centered on long-term value creation within the broader digital asset landscape. While they manage portfolios of liquid cryptocurrencies, their strategic focus extends to various segments of the Web3 economy, including decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and foundational blockchain infrastructure. L1 Digital aims to identify and capitalize on emerging trends and technologies that underpin the future of digital finance and the internet, providing their clients with diversified exposure to this nascent asset class. Their commitment to compliance and institutional-grade operational standards distinguishes them in the digital asset investment arena.

L1 Digital has demonstrated significant growth and ambition since its inception. As of March 2023, the firm reported managing assets north of $200 million, underscoring its expanding footprint in the institutional crypto market. Furthermore, L1 Digital has publicly stated its ambitious goal of reaching $1 billion in assets under management, reflecting its confidence in the long-term potential of digital assets and its ability to attract substantial institutional capital. While L1 Digital is primarily an asset manager for liquid digital assets, rather than a traditional venture capital firm, specific "first cheque" sizes for direct equity investments in early-stage startups are not publicly disclosed, as their primary mandate is managing institutional funds for crypto exposure.

Investor Profile

L1D has backed more than 28 startups, with 6 new investments in the last 12 months alone. The firm has led 3 rounds, about 11% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series B, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United Kingdom, United States, Singapore.
  • Strong thematic focus on Blockchain, Financial Services, Cryptocurrency.
  • Led 2 rounds in the past year.

Stage Focus

  • Seed (32%)
  • Series B (25%)
  • Series Unknown (21%)
  • Series A (14%)
  • Initial Coin Offering (4%)
  • Series D (4%)

Country Focus

  • United Kingdom (25%)
  • United States (21%)
  • Singapore (11%)
  • Switzerland (11%)
  • Canada (7%)
  • Philippines (7%)
  • Germany (4%)
  • Bahamas (4%)
  • France (4%)
  • India (4%)

Industry Focus

  • Blockchain
  • Financial Services
  • Cryptocurrency
  • Software
  • Fintech
  • Finance
  • Decentralized Finance (Defi)
  • Information Technology
  • Apps
  • Life Science
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does L1D frequently co-invest with?

Pantera Capital
North America, California, United States, Menlo Park
Co-Investments: 6
BlockTower Capital
North America, Florida, United States, Miami
Co-Investments: 3
North Island Ventures
North America, New York, United States, New York
Co-Investments: 4
Coinbase Ventures
North America, California, United States, Oakland
Co-Investments: 7
Rockaway Blockchain Fund
Europe, Zurich, Switzerland, Zurich
Co-Investments: 5
Blockchange Ventures
North America, New York, United States, New York
Co-Investments: 3
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 3
Blockchain.com Ventures
North America, California, United States, Palo Alto
Co-Investments: 5
Ryze Labs
North America, Kentucky, United States, Georgetown
Co-Investments: 3
Multicoin Capital
North America, Texas, United States, Austin
Co-Investments: 3

Which angels does L1D often collaborate with?

Balaji Srinivasan
Asia, Central Region, Singapore, Singapore
Shared Deals: 2
BR
North America, New York, United States, New York
Shared Deals: 1
GT
North America, Louisiana, United States, Baton Rouge
Shared Deals: 1
AI
North America, California, United States, San Francisco
Shared Deals: 1
Shared Deals: 1
SD
North America, New York, United States, Brooklyn
Shared Deals: 1
Rabindra Shrestha
Asia, Central Region, Singapore, Singapore
Shared Deals: 1
Mert Mumtaz
North America, Ontario, Canada, Toronto
Shared Deals: 2
AG
North America, Colorado, United States, Denver
Shared Deals: 1
Andrew Keys
North America, Puerto Rico
Shared Deals: 2

What are some of recent deals done by L1D?

XP

Chicago, Illinois, United States

XP, a ticket marketplace. XP, which was built on top of Solana, is already using state-of-the-art Web3

BlockchainMarketplaceWeb3
SeedMay 15, 2025
Amount Raised: $6,200,000

Perpl improves financial systems by creating a clear pricing engine on an effective blockchain.

BlockchainDecentralized Finance (DeFi)Web3
Series UnknownMay 13, 2025
Amount Raised: $9,250,000
Pixion Games

London, England, United Kingdom

Pixion Games is a studio focused on building competitive esports games for mobile device.

BlockchainComputerVideo Games
Series UnknownJan 28, 2025
Amount Raised: $12,400,000
Opti Games

Los Angeles, California, United States

Opti Games is an operator of a game development company that focuses on creating video entertainment.

Digital EntertainmentGaming
SeedOct 22, 2024
Amount Raised: $2,000,000
Oxalis games

London, England, United Kingdom

Oxalis Games develops games and is now creating the next generation of crypto games.

GamingOnline GamesVideo Games
Series UnknownOct 15, 2024
Amount Raised: $2,000,000
Morpho Labs

Paris, Ile-de-France, France

Morpho is a decentralized cryptocurrency lending protocol that provides lending and borrowing services.

BlockchainCryptocurrencyFinancial ServicesLending
Series UnknownAug 1, 2024
Amount Raised: $50,000,000
Squads

Solana, Misamis Oriental, Philippines

Squads Labs is a technology company dedicated to growing the on-chain economy by developing smart account technology and products.

AppsDeveloper PlatformWeb Development
Series AJun 10, 2024
Amount Raised: $10,000,000
NodeOps

Bengaluru, Karnataka, India

NodeOps offers AI-enabled infrastructure to Node Operators, speeding Web3 protocol development.

Artificial Intelligence (AI)Information TechnologyWeb3
SeedMay 27, 2024
Amount Raised: $5,000,000
Panoptic

Brookline, Massachusetts, United States

Panoptic is a Uniswap-based DeFi protocol that provides an oracle-free options protocol for decentralized finance.

BlockchainDecentralized Finance (DeFi)FinanceFinTech
SeedNov 20, 2023
Amount Raised: $7,000,000
Squads

Solana, Misamis Oriental, Philippines

Squads Labs is a technology company dedicated to growing the on-chain economy by developing smart account technology and products.

AppsDeveloper PlatformWeb Development
Series UnknownOct 16, 2023
Amount Raised: $5,700,000