hong kong, October 12, 2022 /PRNewswire/ – L2 Capital Management (“L2 Capital”), a multi-strategy asset management firm, announced today that it has partnered with Google to accelerate the continued growth of its portfolio companies. The partnership is also set to invest L2 capital and contribute to various Web3 and Blockchain ecosystems.
Web3 is often described as the “next phase of the Internet,” a way of storing and decentralizing information. While the world is still in the relatively early stages of adopting Web3, it is a market that is showing innovation and value creation for consumers and businesses. L2 Capital aims to encourage growth for founders and investors, especially those actively exploring Web3-related use cases and opportunities.
The collaboration consists of three stages:
- Accelerate business growth; L2 Capital’s portfolio helps companies meet key business imperatives for future fundraising rounds by leveraging Google’s digital skills training programs and digital marketing tools to increase brand awareness and improve customer engagement. Google Cloud is open, developer-friendly, secure and carbon-neutral cloud infrastructure and services available to every eligible portfolio company to help them grow and better serve their businesses. 200,000 dollars Thanks to cloud computing and support from Google engineers.
- Strategic Executive Advice: L2 Capital’s portfolio companies will have opportunities to receive strategic and joint guidance from L2 Capital and Google business executives and tap into both firms’ networks of industry partners to develop their products and services as needed.
- Web 3 Focused Insights and Events: L2 Capital and Google Cloud may participate in co-hosting developer workshops or hackathons to promote the adoption of Web3 and Blockchain technologies by L2 Capital portfolio companies. In addition, L2 Capital’s investment team will work with the Google Cloud Digital Assets team to combine industry knowledge, experience and analytical capabilities to inform the previous Web3 investment thesis and release public-facing insights that can benefit the broader Web3 and blockchain community.
“As one of the few firms in venture capital, private equity and public markets doubling down on supporting Web3 and blockchain technologies, we have the opportunity to partner with Google to expand and realize their vision, with Google Cloud infrastructure and services, and Google’s analytics and digital With marketing support, our portfolio companies can accelerate growth and take advantage of new market opportunities,” he said. Kevin Leemanaging partner of L2 Iterative Ventures, the investment arm of L2 Capital’s Web3.
“Now that more and more traditional companies and startups are looking to build, trade, store, and deploy new products on blockchain-based platforms, Google Cloud can be the scalable, secure, and sustainable platform of choice for Web3 companies and developers. Grow their businesses and networks.” We will continue to build on the existing work in Web3 by partnering with well-known investment companies such as L2 Capital. Michael LangfordAPAC Head of VC and Startup Ecosystem, Google Cloud.
About L2 capital management
L2 Capital is a global multi-strategy asset manager with a history of deploying capital to Web3/Web2 enterprise developers, public and private market investors and a unique team of pioneers in value creation. L2 Iterative Ventures is the Web3 arm of L2 Capital and aims to invest in foundational technologies that have the potential to unlock the future of blockchain and Web3 mainstream adoption. Our team is distributed in Silicon Valley and internationally Asia It engages technical founders and equips them with the resources to scale from idea generation to category-defining companies.
For more information about L2 Capital, please visit http://www.l2capm.com.
Source L2 Capital Management
