3L Capital operates as a private equity firm and invests in consumer and enterprise-facing businesses that use software, technology and data to re-invent products and services. The company serves clients in California and New York. Founder Shawn Colo previously was CEO of Demand Media. Co-Founder Dave Leyrer is founder of Boulevard Capital Management.
In 2019 3L Capital raised $217 million equity fund to continue investing in local companies. Their spokeswoman stated that it was a “generalist fund” and that the money to invest in companies seeking Series B or later rounds regardless of industry. 3L has backed ChowNow, a Playa Vista-based online food ordering platform. After raising a $21 million Series C round in May 2019, Colo joined ChowNow’s board.
Timeline
Funded Companies
Relativity Space is a company that develops the process of building and flying rockets.
ChowNow is a Los Angeles-based company founded by Eric Jaffe, Josiah Carlson and Christopher Webb.
A company offering a shared electric scooter mobility platform.
AvantStay is a Los Angeles-based company.
SnackNation is a Los Angeles-based company.
DealerPolicy is an automobile insurance company founded in 2019.
dunzo is a Bangalore-based company.
People
Dave Leyrer
Co-Founder and Managing Director
Kerry Kellogg
Managing Director
Shawn Colo
Co-Founder and Managing Director