L2 Ventures, LLC
Hatteras Venture Advisors · adviser of record: Hatteras Venture Advisors V LLC · 2016 vintage
L2 Ventures, LLC is a 2016 venture fund managed by Hatteras Venture Advisors, with $44.9mm raised (Form D, amount sold). It reported $3.9mm in gross assets at year-end 2025, 0.09x its size, against a peak of $12mm in 2016.
- Latest value held
- $3.9mm year-end 2025
- Peak
- $12mm year-end 2016
- Fund size
- $44.9mm Form D, amount sold
- Held vs. size
- 0.09x peak 0.27x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $3.9mm | 0.09x | -35% over 2 yrs |
| 2023 | $5.9mm | 0.13x | -1% |
| 2022 | $6mm | 0.13x | -31% |
| 2021 | $8.7mm | 0.19x | -11% |
| 2020 | $9.7mm | 0.22x | +118% |
| 2019 | $4.4mm | 0.10x | -47% |
| 2018 | $8.4mm | 0.19x | -30% |
| 2017 | $12mm | 0.27x | +0% |
| 2016 | $12mm | 0.27x | – |
Other funds from Hatteras Venture Advisors
- Hatteras Opportunity Fund I, LP 2022
- Hatteras Venture Partners VII, LP 2021
- Pisgah Fund, LLC 2021
- Wakemed Innovations Venture Fund, LLC 2020
- L2 Ventures II, LLC 2020
- Hatteras Venture Partners VI, LP 2018
- Hatteras Venture Partners V, LP 2015
- Hatteras NC Fund LP 2012
- Hatteras Venture Partners IV, LP 2011
- Hatteras Venture Partners III, LP 2011
- Hatteras Venture Affiliates III, LP 2011
All Hatteras Venture Advisors funds
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-5218511247. Data updated October 13, 2026.
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