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Liquid 2 Ventures

Investor type Micro VC
Founders Joe Montana Michael Ma Mike Miller


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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 353
Average round size
The average size of a deal this fund participated in
Portfolio companies 295
Rounds per year 44.12
Lead investments 4
Follow on index
How often the fund supports its portfolio startups at next rounds
Exits 11
Key employees 4
Stages of investment
Early Stage Venture

Areas of investment

  • Software
  • Internet
  • Health Care
  • Information Technology
  • SaaS

Liquid 2 Ventures appeared to be the VC, which was created in 2015. The company was established in North America in United States. The main office of represented VC is situated in the San Francisco.

When the investment is from Liquid 2 Ventures the average startup value is 5-10 millions dollars. The higher amount of exits for fund were in 2018. This Liquid 2 Ventures works on 24 percentage points less the average amount of lead investments comparing to the other organizations. The fund is constantly included in 25-48 investment rounds annually. Speaking about the real fund results, this VC is 17 percentage points less often commits exit comparing to other organizations. The common things for fund are deals in the range of 1 - 5 millions dollars. The high activity for fund was in 2017. Despite it in 2019 the fund had an activity.

The typical case for the fund is to invest in rounds with 7-8 participants. Despite the Liquid 2 Ventures, startups are often financed by FundersClub, Kevin Moore, First Round Capital. The meaningful sponsors for the fund in investment in the same round are Wei Guo, FundersClub, Founders Fund. In the next rounds fund is usually obtained by Soma Capital, Signia Venture Partners, Refactor Capital.

Besides them, we counted 4 critical employees of this fund in our database.

For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Among the most successful fund investment fields, there are Blockchain, E-Commerce. Among the most popular portfolio startups of the fund, we may highlight Solugen, Grin Scooters, Atrium LTS. Moreover, a startup needs to be at the age of 1 and less years to get the investment from the fund. The fund has exact preference in some founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Liquid 2 Ventures:
Typical Co-investors
Liquid 2 Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Liquid 2 Ventures:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation


Digital Entertainment
Enterprise Software
$3M21 Jan 2023 San Francisco, California, United States


Artificial Intelligence
$3M09 Jan 2023 -


Information Technology
$3M15 Dec 2022 Chicago, Illinois, United States

Rezo Therapeutics

Product Research
$78M17 Nov 2022 South San Francisco, California, United States

Electric Era

$4M09 Nov 2022 -


Content Creators
$1M31 Oct 2022 -


Search Engine
$2M26 Oct 2022 Seattle, Washington, United States

Continue AI

Artificial Intelligence
Business Development
$5M12 Oct 2022 New York, New York, United States


$25M10 Oct 2022 San Francisco, California, United States
Battlesnake, a Startup that Turns Learning Programming into an eSport, Lands $1.5 Million in Funding

– Battlesnake announced $1.5m in funding to build on the platform that has grown from a grass roots recruiting platform into a programming game and competition that attracts thousands of developers to have fun and learn new skills.
– Funding was led by Madrona Venture Group with participation from Liquid 2, Ascend, 200 OK, and notable angel investors including Jason Warner (former CTO GitHub) and Chris Aniszczyk (CTO Linux Foundation).
– Started in 2015 as a developer recruiting event in the Pacific Northwest, by 2019 the flagship Battlesnake Tournament in Victoria drew 1,500 participants and spectators.
– Realizing they were onto something Founders Brad Van Vugt, Noah Warder, and Chris Hoefgen rapidly expanded scope, building a global online presence that attracts thousands of developers and spectators monthly.

Pry Financials raises $4.2M to make startup accounting more approachable

– Pry Financials, a startup that wants to make startup finances approachable for its entire team, not just the people in charge of its accounting spreadsheets, raised $4.2m funding.
– The round was led by Global Founders Capital, Pioneer Fund, NOMO VC, Liquid2 and Hyphen Capital.
– The company was founded by Alex Sailer, Tiffany Wong, Hayden Jensen and Andy Su.
– It was launched in March and has more than 200 customers.


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