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Key people at LVL1 Group.
LVL1 Group was founded in 2012 by Lev Leviev (Founder).
LVL1 Group operates as a private investment management firm, actively deploying capital across various asset classes and geographic regions. The firm primarily engages in venture investing, characterized by a flexible and opportunistic strategy that enables it to operate without the constraints of traditional investment mandates and periods.
The firm was founded in 2018 by Lev Leviev, who established LVL1 Group with a core entrepreneurial spirit and a profound passion for venture capital. Leviev brings significant prior experience as an internet entrepreneur and investor, notably as a co-founder of VK.com (VKontakte), which is recognized as Russia’s largest social network.
LVL1 Group collaborates with founders, focusing its investments on sectors including Online Travel, Gaming, eSports, Content, and Community Platforms. The firm's overarching vision is to identify and support companies positioned to achieve substantial global impact, fostering strong strategic relationships to help its portfolio companies grow and succeed.
# LVL1 Group: A Multi-Strategy Investment Firm
LVL1 Group is a private investment management firm operating as a multi-strategy venture capital and family office entity focused on long-term value creation across multiple asset classes and geographies[1][2]. Founded in 2018 by Lev Leviev, the firm operates with an entrepreneurial mindset, prioritizing flexibility and opportunistic deal-making unbounded by traditional investment mandates or fixed investment periods[1]. The firm maintains a particular focus on technology-driven sectors including Online Travel, Gaming, eSports, Content and Community Platforms, alongside broader exposure to Software, Healthcare, E-Commerce, SaaS, and Artificial Intelligence[1][3].
With a lean operational structure of approximately 6-7 employees, LVL1 Group functions as a nimble investment vehicle that emphasizes close collaboration with founders and meaningful strategic relationships[1]. The firm's investment thesis centers on identifying companies with strong global impact potential, demonstrating a commitment to backing ventures that transcend geographic boundaries and traditional sector silos.
LVL1 Group emerged in 2018 under the leadership of founder Lev Leviev, establishing its initial headquarters in London, England[1][3]. The firm was built on an entrepreneurial foundation, reflecting Leviev's vision for a more flexible and opportunistic approach to venture investing compared to traditional institutional models. Rather than adhering to rigid investment periods or sector mandates, the firm was designed to operate with strategic agility—a deliberate departure from conventional venture capital structures that often constrain investment decisions.
The firm's evolution reflects a broader shift toward multi-strategy investing, positioning itself to capitalize on opportunities across diverse geographies and asset classes. While headquartered in London initially, the firm has expanded its operational footprint, with some sources indicating a presence in Limassol, Cyprus, suggesting a deliberate geographic diversification strategy[4][5][6].
Unlike traditional venture funds bound by specific investment periods and sector mandates, LVL1 Group operates without these constraints, enabling rapid pivots and opportunistic capital deployment[1]. This structural advantage allows the firm to move quickly when compelling opportunities emerge, rather than being constrained by fund lifecycle pressures.
The firm's positioning as a multi-strategy investment entity distinguishes it from single-thesis venture funds. This diversification across asset classes and geographies reduces concentration risk while enabling cross-sector pattern recognition and deal flow advantages[2].
LVL1 Group emphasizes close collaboration with founders, positioning itself as a strategic partner rather than a passive capital provider. This approach fosters meaningful relationships that extend beyond capital deployment to include operational support and strategic guidance[1].
The firm has demonstrated consistent investment activity, averaging 4 rounds per year with a portfolio spanning 48 total investments[3]. While maintaining a selective approach with only 2 lead investments, the firm shows a follow-on investment index of 0.44, indicating moderate reinvestment in successful portfolio companies[3].
LVL1 Group operates at the intersection of several significant market trends reshaping venture capital. The firm's emphasis on flexibility and multi-strategy investing reflects a broader industry shift away from rigid, period-driven fund models toward more dynamic, permanent capital structures—a trend accelerated by the maturation of venture markets and the rise of family offices as significant capital allocators.
The firm's sector focus on emerging categories like eSports, Gaming, and Content Platforms positions it to capture value from the digital transformation and creator economy expansion. Simultaneously, its exposure to foundational technologies—Software, SaaS, and Artificial Intelligence—ensures relevance as these categories reshape enterprise and consumer landscapes[3].
By maintaining geographic diversity with investments spanning multiple continents, LVL1 Group participates in the globalization of venture capital, where compelling opportunities no longer concentrate exclusively in Silicon Valley or traditional tech hubs. The firm's presence across Europe, North America, and emerging markets reflects this broader ecosystem evolution.
LVL1 Group represents a meaningful evolution in venture capital structure—a lean, flexible investment vehicle that prioritizes founder relationships and opportunistic capital deployment over institutional rigidity. The firm's track record of consistent deal activity and moderate exit success (6 exits across its portfolio) demonstrates operational competence, though its relatively modest lead investment count suggests a preference for follow-on participation and syndication rather than control-oriented investing[3].
Looking forward, the firm's trajectory will likely be shaped by its ability to leverage its founder-centric approach in increasingly competitive venture markets. As artificial intelligence, creator platforms, and digital travel experiences continue reshaping consumer and enterprise landscapes, LVL1 Group's sector focus positions it well to identify and support transformative companies. The firm's flexibility—its defining characteristic—will prove increasingly valuable as market cycles accelerate and traditional venture structures face pressure to adapt.
The real test for LVL1 Group will be whether its lean structure and opportunistic approach can scale to manage larger fund sizes while maintaining the founder intimacy that differentiates it from larger institutional competitors. In an era where venture capital increasingly commoditizes around capital availability, firms that build durable founder relationships and demonstrate genuine operational value creation will command premium returns and deal flow access.
LVL1 Group was founded in 2012 by Lev Leviev (Founder).
Key people at LVL1 Group.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 1, 2024 | GRACIA.AI | $1.0M Seed | — | Axiom Partners, Founders' Co-op, The Venture Reality Fund, Future Fund, Tipatat Chennavasin, Triptyq Capital |
| Sep 23, 2021 | Jiffy Grocery | $28.0M Series A | Lise Kaae | Baring Vostok, Bukhman Brothers Family Office, Flint Capital |
| Mar 16, 2021 | Jiffy Grocery | $3.6M Seed | Lev Leviev | Alexander Nevinskiy, Dominique Locher, Oskar Hartmann, Vladimir Kholiaznikov, AddVenture, TA Ventures |
| Nov 11, 2020 | Fnatic | $10.0M Other Equity | Karen McCormick | JHD, Unbound |
| Nov 12, 2019 | Uploadcare | $1.7M Seed | Dmitry Chikhachev, Vendep Capital | CE Ventures |