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SL2 Capital

Asia, Dubai, United Arab Emirates, Dubai

Description

SL2 Capital is an early-stage venture capital firm headquartered in Dubai, United Arab Emirates, with a distinct focus on the burgeoning Web3, Artificial Intelligence (AI), and Fintech sectors. The firm positions itself as a high-conviction investor, seeking out mission-driven founders who are innovating at the forefront of these transformative technologies. While based in the UAE, SL2 Capital demonstrates a global investment mandate, actively seeking promising opportunities beyond its immediate geographical proximity. Their investment philosophy emphasizes becoming long-term partners with their portfolio companies, suggesting a hands-on approach beyond mere capital injection.

The firm typically engages in Seed to Series A funding rounds, aiming to support companies during their critical early growth phases. According to industry data, SL2 Capital's typical first cheque size ranges from approximately $250,000 to $1,000,000. This strategic range allows them to provide meaningful initial capital to startups while often co-investing with other venture firms in larger seed or Series A rounds. Their portfolio reflects this strategy, with notable investments in companies such as Masa Finance, which secured a $3.5 million seed round, and Saga, which raised a $6.5 million seed round, where SL2 Capital participated alongside other prominent investors.

SL2 Capital's commitment to the Web3 ecosystem is particularly evident, as they actively back projects building foundational infrastructure and applications within decentralized technologies. Their investment thesis often aligns with ventures that aim to solve complex problems or create new paradigms in digital ownership, decentralized finance, and intelligent automation. By concentrating on these specific, high-growth sectors, SL2 Capital aims to leverage its expertise and network to foster significant value creation for its portfolio companies and contribute to the broader technological landscape.

Investor Profile

SL2 Capital has backed more than 20 startups, with 1 new investments in the last 12 months alone. The firm has led 2 rounds, about 10% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Corporate Round, Initial Coin Offering rounds (top funding stages).
  • Majority of deals are located in United States, Singapore, Vietnam.
  • Strong thematic focus on Blockchain, Gaming, Cryptocurrency.
  • Typical check size: $250K – $1M.

Stage Focus

  • Seed (85%)
  • Corporate Round (5%)
  • Initial Coin Offering (5%)
  • Pre Seed (5%)

Country Focus

  • United States (25%)
  • Singapore (20%)
  • Vietnam (10%)
  • United Kingdom (10%)
  • United Arab Emirates (10%)
  • Canada (5%)
  • Spain (5%)
  • Australia (5%)
  • Hong Kong (5%)

Industry Focus

  • Blockchain
  • Gaming
  • Cryptocurrency
  • Financial Services
  • Metaverse
  • Information Technology
  • Financial Exchanges
  • Fintech
  • Software
  • Funding Platform
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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 SL2 Capital frequently co-invest with?

OKX Ventures
Africa, Beau Vallon, Seychelles, Mahé
Co-Investments: 4
Infinity Ventures Crypto
Asia, T'ai-pei, Taiwan, Taipei
Co-Investments: 5
LD Capital
Asia, Shanghai, China, Shanghai
Co-Investments: 8
NGC Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 8
Exnetwork Capital
Asia, Manila, Philippines, Manila
Co-Investments: 4
Animoca Brands
Asia, Hong Kong Island, Hong Kong, Cyberport
Co-Investments: 5
Twin Apex Capital
North America, Utah, United States, Virgin
Co-Investments: 4
AU21 Capital
North America, California, United States, San Francisco
Co-Investments: 7
X21 Digital
Asia, Central Region, Singapore, Singapore
Co-Investments: 5
Double Peak Group
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 6

Which angels does SL2 Capital often collaborate with?

Gabby Dizon
Asia, Rizal, Philippines, Pasig
Shared Deals: 1
NA
Europe, Berlin, Germany, Berlin
Shared Deals: 1
Matt Lockyer
North America, British Columbia, Canada, Vancouver
Shared Deals: 1
Shared Deals: 1
KW
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by SL2 Capital?

Rivalz Network is an AI-Driven DePIN RollApp.

Artificial Intelligence (AI)
SeedAug 14, 2024
Amount Raised: $9,000,000
MetaFi

Dubai, Dubai, United Arab Emirates

MetaFi operates as a Trading Metaverse.

BlockchainCryptocurrencyMetaverseTrading Platform
SeedSep 14, 2022
Amount Raised: $3,000,000
Soulbound

Lewes, Delaware, United States

Soulbound is a decentralized gaming community that aims to improve & grow the metaverse by creating a chain-agnostic market infrastructure.

GamingMetaverse
SeedJun 15, 2022
Amount Raised: $3,600,000
The Red Village

Sydney, New South Wales, Australia

The Red Village is a groundbreaking dark-fantasy Play and Earn game.

BlockchainGaming
SeedJun 3, 2022
Amount Raised: $6,500,000
Worldspark Studios

Los Angeles, California, United States

Home of Sparkball, a 4v4 competitive action "mobrawler" where teams must balance ballin' and brawlin' to score in the enemy team's goal!

GamingVideo Games
SeedFeb 24, 2022
Amount Raised: $3,000,000
Gemie

Hong Kong, Hong Kong Island, Hong Kong

Gemie is a platform where celebrities and entertainment IPs can customize their own planets and collectibles to interact with fans.

BlockchainMedia and Entertainment
SeedFeb 17, 2022
Amount Raised: $3,800,000
PIF Nation

Singapore, Central Region, Singapore

We are a platform connecting games with communities across ASEAN. Players earn rewards and build reputation from time spent playing.

BlockchainGamingMobile AppsSaaS
SeedJan 2, 2022
Amount Raised: $6,000,000
StarSharks

Singapore, Central Region, Singapore

StarSharks is a NFT-GameFi ecosystem based on the BSC chain developed by game players, governance committees, and game developers.

BlockchainGaming
SeedDec 24, 2021
Amount Raised: $4,800,000
Nitro League

Dubai, Dubai, United Arab Emirates

Nitro League is a decentralized play-to-earn racing game where the community can earn tokens by racing futuristic cars competitively.

RacingSerious Games
SeedDec 8, 2021
Amount Raised: $5,000,000
Core Starters

Saint Vincent, Alberta, Canada

Core Starters services startups and investors through blockchain based decentralized services to solve real problems.

BlockchainCryptocurrencyFunding Platform
SeedNov 8, 2021
Amount Raised: $1,320,000