# L4: portfolio, investments and team

> L4 is an investment firm based in Canada. 3 investments on record, 1 in the last 12 months, latest Mar 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/l4 (Millionrounds; every figure on the page links to its filing or article)

Canada · [Investor](https://millionrounds.com/investors)

# L4

Last cheque observed Mar 2026; 3 cheques on record.

Email

Investment firm Deploying now Website unconfirmed

Series A Series C Information Technology & Services

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Deploying now

**50%** of best year **1** **cheques in 12 months**, 3 on record

Since the last cheque **244** days **00** hrs **00** min **00** sec

Median round **$14M** Rounds led **0 of 3**

Pitch L4

## L4 highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series A and Series C: 100% of its rounds

## What they do

- **Type:** Investment firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Information Technology & Services
- **Based in:** Toronto, Canada
- **Cold pitches:** Not stated

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=l4).

## The record

Every round we can evidence, newest first **3 appearances**

- **2026** 1 round
- **Mar** **[Cicada](https://millionrounds.com/company/cicada)** Series A · US · LatamList **$14M** With 5 others
- **2024** 2 rounds
- **Dec** **[Agilize](https://millionrounds.com/company/agilize)** BR · LatamList **$9.0M** With 4 others
- **Oct** **[Agrolend](https://millionrounds.com/company/agrolend)** Series C · BR · SP Ventures **$53M** With 10 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The cheque

Series A Series C

Median round joined **$14M** the round, not its cheque

Led 0 of 3 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Mar 2026

Rounds by stage said on their site

- Series A *1*
- Series C *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies L4 put money into.

[**Cicada** $14M · Mar 2026](https://millionrounds.com/company/cicada)[**Agilize** $9.0M · Dec 2024](https://millionrounds.com/company/agilize)[**Agrolend** $53M · Oct 2024](https://millionrounds.com/company/agrolend)

## Quick answers about L4

### What does L4 invest in?

L4 invests most often at Series A and Series C (100% of the rounds on record), in sectors such as Information Technology & Services.

### How active is L4?

3 investments on record, 1 of them in the last 12 months. The most recent was in Mar 2026.

### What has L4 invested in recently?

Its most recent investments on record: Cicada (Series A, Mar 2026), Agilize (Dec 2024) and Agrolend (Series C, Oct 2024).

### How big are L4's cheques?

The median round it joins is $14M.

### Is L4 investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### What kind of investor is L4?

L4 is an investment firm based in Toronto, Canada.

### Where does this information on L4 come from?

From 5 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=l4) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=l4)