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3L Capital

North America, California, United States, Los Angeles

Description

3L Capital is a Los Angeles-based multi-stage growth equity firm specializing in investments across tech-enabled consumer and enterprise businesses. Founded with a focus on partnering with visionary entrepreneurs, the firm aims to provide significant capital and strategic support to companies poised for substantial growth. Their investment philosophy centers on identifying market-leading businesses with strong unit economics and scalable models, helping them navigate the complexities of scaling operations and expanding market reach.

The firm primarily targets growth-stage companies, typically participating in Series B, C, and later-stage funding rounds. 3L Capital's initial investment checks generally range from $10 million to $50 million, reflecting their commitment to providing meaningful capital infusions that can accelerate a company's development. They are known for their hands-on approach, leveraging their extensive network and operational expertise to assist portfolio companies with strategic planning, talent acquisition, and market penetration. Their focus is on long-term value creation, often taking significant minority stakes or co-leading investment rounds.

3L Capital has built a diverse portfolio of high-growth companies, including notable successes such as goPuff, Allbirds, and Ring (acquired by Amazon). These investments underscore their ability to identify disruptive businesses across various sectors, from e-commerce and consumer brands to enterprise software solutions. The firm's strategic value extends beyond capital, as they actively engage with management teams to optimize growth strategies and prepare companies for future liquidity events. For instance, their Fund II reportedly closed with $250 million, indicating their substantial capital base for new investments, further solidifying their position as a key growth equity investor.

Investor Profile

3L Capital has backed more than 40 startups, with 0 new investments in the last 12 months alone. The firm has led 17 rounds, about 43% of its total and boasts 7 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series C, Series A rounds (top funding stages).
  • Majority of deals are located in United States, India, Germany.
  • Strong thematic focus on E-Commerce, Artificial Intelligence (AI), Travel.
  • Typical check size: $10M – $50M.

Stage Focus

  • Series B (28%)
  • Series C (23%)
  • Series A (18%)
  • Series Unknown (13%)
  • Series D (8%)
  • Series E (5%)
  • Debt Financing (3%)
  • Private Equity (3%)
  • Series H (3%)

Country Focus

  • United States (85%)
  • India (8%)
  • Germany (5%)
  • Canada (3%)

Industry Focus

  • E-commerce
  • Artificial Intelligence (Ai)
  • Travel
  • Internet
  • Real Estate
  • Saas
  • Consumer Goods
  • Software
  • Food And Beverage
  • Machine Learning
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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 3L Capital frequently co-invest with?

Bullpen Capital
North America, California, United States, San Francisco
Co-Investments: 4
TC
North America, California, United States, Portola Valley
Co-Investments: 3
Sand Hill Angels
North America, California, United States, Mountain View
Co-Investments: 4
Assembly Ventures
North America, California, United States, Los Angeles
Co-Investments: 3
Wavemaker Partners
Asia, Central Region, Singapore, Singapore
Co-Investments: 3
Lightbox
Asia, Maharashtra, India, Mumbai
Co-Investments: 3
Headline
North America, California, United States, San Francisco
Co-Investments: 3
Temasek Holdings
Asia, Central Region, Singapore, Singapore
Co-Investments: 3
FirstMark
North America, New York, United States, New York
Co-Investments: 5
Eldridge Industries
North America, Connecticut, United States, Greenwich
Co-Investments: 4

Which angels does 3L Capital often collaborate with?

JM
North America, United States
Shared Deals: 2
DH
North America, California, United States, San Francisco
Shared Deals: 2
SR
North America, California, United States, Los Angeles
Shared Deals: 2
BG
North America, California, United States, San Francisco
Shared Deals: 1
LF
North America, New York, United States, New York
Shared Deals: 2
David Spector
North America, California, United States, San Francisco
Shared Deals: 1
NR
North America, California, United States, San Francisco
Shared Deals: 1
JL
North America, California, United States, Los Angeles
Shared Deals: 2
BK
North America, California, United States, San Francisco
Shared Deals: 1
MC
North America, Texas, United States, Dallas
Shared Deals: 2

What are some of recent deals done by 3L Capital?

Crisp

New York, New York, United States

Crisp ingests and delivers daily, actionable retail data from 40+ sources, providing brands with visibility into inventory and sales.

Business IntelligenceData IntegrationFood and BeverageRetail TechnologySaaS
Series BFeb 22, 2024
Amount Raised: $20,000,000
Metropolis

New York, New York, United States

Metropolis is an AI and computer vision start-up built to modernize parking and empower the future of mobility.

Artificial Intelligence (AI)Machine LearningReal Estate
Debt FinancingOct 5, 2023
Amount Raised: $650,000,000
Metropolis

New York, New York, United States

Metropolis is an AI and computer vision start-up built to modernize parking and empower the future of mobility.

Artificial Intelligence (AI)Machine LearningReal Estate
Series COct 5, 2023
Amount Raised: $1,050,000,000
Vivrelle

New York, New York, United States

Vivrelle is a membership club that provides access to a shared closet of designer handbags, jewelry, and diamonds.

E-CommerceFashionJewelry
Series BNov 3, 2022
Amount Raised: $35,000,000
Planck

New York, New York, United States

Planck is an AI platform designed for commercial insurance that offers solutions for submission validation and underwriting recommendations.

Artificial Intelligence (AI)Big DataCommercial InsuranceData MiningInsurTech
Series UnknownSep 14, 2022
Amount Raised: $23,000,000
Hone

Encinitas, California, United States

Hone provides effective, engaging, and scalable management training to help high-growth companies thrive.

Business DevelopmentCorporate TrainingE-LearningProductivity Tools
Series BSep 13, 2022
Amount Raised: $30,000,000
Metropolis

New York, New York, United States

Metropolis is an AI and computer vision start-up built to modernize parking and empower the future of mobility.

Artificial Intelligence (AI)Machine LearningReal Estate
Series BJun 15, 2022
Amount Raised: $167,000,000
Crisp

New York, New York, United States

Crisp ingests and delivers daily, actionable retail data from 40+ sources, providing brands with visibility into inventory and sales.

Business IntelligenceData IntegrationFood and BeverageRetail TechnologySaaS
Series BFeb 2, 2022
Amount Raised: $35,000,000
Dunzo

Bangalore, Karnataka, India

Dunzo is a hyper-local delivery app that connects users to the nearest delivery partner.

Consumer GoodsDelivery ServiceE-CommerceMobile Apps
Series EJan 6, 2022
Amount Raised: $240,000,000
AvantStay

Los Angeles, California, United States

AvantStay is a technology-first hospitality brand for experiential group travel.

HospitalityTourismTravel
Series BDec 15, 2021
Amount Raised: $160,000,000