Liquid2 Ventures

early-stage investment fund

Venture Capital Active San Francisco, United States Est. 2015
Last updated 2026-06-18
Portfolio
7
in our dataset
Rounds participated
7
Rounds led
0
Rounds' value
$49.2M
total disclosed, rounds participated
Stages
Pre-Seed, Seed

About

Liquid 2 Ventures is a San Francisco-based venture capital firm founded in 2015 by NFL Hall of Famer Joe Montana, alongside entrepreneurs Michael Ma and Mike Miller. The firm specializes in early-stage investments, particularly at the pre-seed and seed stages, with typical check sizes ranging from $250,000 to $500,000. Liquid 2 has built a diverse portfolio of over 800 technology startups, including notable companies like GitLab, Mercury, and Chipper Cash. The firm's team comprises experienced operators and investors who provide hands-on support, strategic guidance, and access to a vast network to help founders scale their businesses. Liquid 2's approach emphasizes long-term partnerships with exceptional founders across various sectors of technology

Portfolio · 7

Investment activity

Portfolio by sector

Business Software3
Media & Entertainment Technologies2
Retail Platforms1
Fintech & Insurtech1
Cyber Security1

Funds · 2

  • Liquid 2 Winners Fund I — $100M Jan 2025
  • Liquid 2 Ventures Fund IV, L.P. — $69.93M Dec 2023

Q&A

What is Liquid2 Ventures' primary investment focus?
Liquid2 Ventures specializes in early-stage investments, particularly at the pre-seed and seed stages.
Who founded Liquid2 Ventures?
Liquid2 Ventures was founded in 2015 by NFL Hall of.
What is the typical check size for Liquid2 Ventures' investments?
Liquid2 Ventures typically writes checks ranging from $250,000 to $500,000.
Which funds has Liquid2 Ventures raised recently?
Liquid2 Ventures raised Liquid 2 Winners Fund I, amounting to $100M in January 2025, and Liquid 2 Ventures Fund IV, L.P., which closed at $69.93M in December 2023.
Can you name some notable companies in Liquid2 Ventures' portfolio?
Liquid2 Ventures' portfolio includes companies such as Utila, which raised a $51.5M Series A, and Recapp Sports, which secured an $11M Seed round.
In which sectors has Liquid2 Ventures been most active recently?
Liquid2 Ventures has shown recent activity in Business Software and Media & Entertainment Technologies, with 3 and 2 portfolio companies respectively in these sectors.
What is Liquid2 Ventures' most recent investment in the Fintech & Insurtech sector?
Liquid2 Ventures invested in Utila, a self-custody wallet platform, which raised a $51.5M Series A round.
Has Liquid2 Ventures made any recent investments in AI-focused companies?
Yes, Liquid2 Ventures has invested in AI-focused companies such as ai.work, an AI Worker Platform that raised a $10M Seed round, and Munch, an AI-based Content Creation Platform that secured an $8.2M Seed round.
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)

External links

Websiteliquid2.vc/
LinkedInlinkedin.com/company/18847668

Identifiers & details

Founded2015

Radar intelligence

Web history (Wayback)

Domainliquid2.vc

Certificate / subdomain footprint

Subdomains11