Liquid 2 Ventures

Liquid 2 Ventures is an investing firm that focuses on investing in Seed, Early Stage companies.

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Updated: Feb 17, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Feb 12, 2026	Manufact	$6.3M Seed	Peak XV Partners	Pioneer Fund, Ritual Capital, Y Combinator
Feb 10, 2026	Natilus	$28.0M Series A	Draper Associates	Flexport, New Vista Capital, Soma Capital, The Veteran Fund, Type One Ventures, VU Venture Partners, Wave Function
Feb 4, 2026	Feltsense Holdings	$5.1M Seed	Draper Associates	Jager McConnell, Matt Schlicht, Peter Green, Precursor Ventures
Feb 3, 2026	Recapp	$11.0M Venture Round	Liquid 2 Ventures	ADvantage, Boaz Dinte, Concorde Capital, iAngels, Matan Adelson, MizMaa Ventures
Nov 1, 2025	Joy	$14.0M Series A	—	Altair Capital Management, Avalon Ventures, Dream Machine, Forerunner Ventures, General Catalyst, Helium-3 Ventures, Magnify Ventures, NFX, Polychain Capital, SNR, Sound Ventures, Timespan Ventures, Eduardo Haber, Justin Timberlake, Louis Beryl, Mark Pincus, Matt Bellamy, Stacy Brown-Philpot
Nov 1, 2025	Mecha Health	$4.0M Seed	—	10100, Foundation Capital, Goat Capital, SNR, Y Combinator, Arash Ferdowsi, Emmett Shear, Immad Akhund
Oct 1, 2025	Weave	$20.0M Series A	—	A Capital, Album VC, Craft Ventures, Crosslink Capital, Gradient Ventures, Hack VC, Innovation Endeavors, Magnetic Ventures, Pareto Holdings, Pelion Venture Partners, TSVC Capital, UpHonest Capital, Matt Garratt, U.S. Venture Partners, Y Combinator, Dmitry Dakhnovsky, Ronny Conway
Oct 1, 2025	ego AI	$7.0M Seed	—	10100, Boost VC, Foundation Capital, Goat Capital, Pareto Holdings, Patron, Plug & Play Ventures, Resonado, SNR, Tribe Capital, Y Combinator, Arash Ferdowsi, Balaji Srinivasan, Dylan Field, Emmett Shear, Immad Akhund, Siqi Chen
Oct 1, 2025	Oneleet	$33.0M Series A	—	10100, Dawn Capital, Foundation Capital, Goat Capital, SNR, Soma Capital, Y Combinator, Arash Ferdowsi, Emmett Shear, Immad Akhund
Oct 1, 2025	Vulcan	$11.0M Seed	—	10100, Dawn Capital, Foundation Capital, Goat Capital, SNR, Soma Capital, Y Combinator, Arash Ferdowsi, Emmett Shear, Immad Akhund
Oct 1, 2025	PlanYear	$12.0M Seed	—	Accel, Bain Capital Ventures, Ballistic Ventures, Karim Faris, Luv Ventures, Aaron Jacobson, Norwest Venture Partners, True Ventures, Dheeraj Pandey
Sep 1, 2025	Baseten	$150.0M Series D	—	01 Advisors, Gautam Gupta, Kevin Hartz, Accel, Acrew Capital, Alt Capital, Andreessen Horowitz, Bain Capital Ventures, Bond, C2 Investment, Conviction Partners, DTCP, Forerunner Ventures, Gradient Ventures, Greylock, Sangeen Zeb, Infinite Capital, IVP, LGF, Pioneer Fund, Plaid, Predictive VC, Ribbit Capital, Sequoia Capital, Spark Capital, Jarrod Dicker, The General Partnership, Y Combinator, Aaron Levie, Charles Zedlewski, Cristina Cordova, DJ Patil, Dylan Field, Frederic Kerrest, Greg Brockman, Howie Liu, Matt Macinnis, Mike Vernal, Peter Reinhardt, Ron Pragides, Scott Belsky, Will Gaybrick, Zachary Sims
Sep 1, 2025	Freckle	$4.0M Seed	—	1984 Ventures, Aniq Kassam, Gradient Ventures, SoftBank Investment Advisers, Y Combinator
Sep 1, 2025	Alex AI	$17.0M Series A	—	1984 Ventures, 305 Ventures, Andreessen Horowitz, Banana Capital, Mark Kahn, First Round Capital, FTX Ventures, MS&AD Ventures, Precursor Ventures, Soma Capital, SV Angel, Verified Capital, Y Combinator, Arash Ferdowsi, Paul Graham, Saxon Baum
Sep 1, 2025	Luminal	$500K Seed	—	A Capital, Album VC, Craft Ventures, Crosslink Capital, Gradient Ventures, Hack VC, Innovation Endeavors, Magnetic Ventures, Pareto Holdings, Pelion Venture Partners, TSVC Capital, UpHonest Capital, Matt Garratt, Y Combinator, Dmitry Dakhnovsky, Ronny Conway
Sep 1, 2025	Serafis	$500K Seed	—	Soma Capital, Y Combinator, Arash Ferdowsi, Paul Graham
Sep 1, 2025	DianaHR	$4.0M Seed	—	10100, Anti fund, Foundation Capital, General Atlantic, General Catalyst, Goat Capital, Greylock, Hanabi Capital, HOF Capital, Infinite Niches, iNovia Capital, Madrona Ventures, Menlo Ventures, Ann Bordetsky, Paradigm, Scale Venture Partners, SNR, SuperAngel.Fund, Venture Highway, Y Combinator, Arash Ferdowsi, Cory Levy, Emmett Shear, Ime Archibong, Immad Akhund, John Collison, Julie Zhuo, Ken Howery, Kulveer Taggar, Max Mullen, Patrick Collison, Sahil Lavingia, Sam Altman, Scott Belsky, Tom Blomfield
Sep 1, 2025	Rec Technologies	$11.0M Series A	—	Crosslink Capital, NFX, Thirty Five Ventures, Kelvin Beachum Jr.
Aug 1, 2025	Medallion	$43.0M Series C	—	Acrew Capital, C2 Investment, Craft Ventures, Gradient Ventures, Sangeen Zeb, GV, Infinite Capital, MS&AD Ventures, Night Capital, Pioneer Fund, Predictive VC, QueensBridge Venture Partners, Sequoia Capital, Spark Capital, Stellar Capital, Jarrod Dicker, Thirty Five Ventures, Breon Corcoran, Mark Cuban, Mark Pincus, Matthew Dellavedova, Mitch Garber, Odell Beckham Jr., Peter Reinhardt, Steve Aoki, Will Gaybrick, Zachary Sims
Jul 1, 2025	PlayerZero	$5.0M Seed	—	645 Ventures, 8VC, Abstract Ventures, Bennett Siegel, Kevin Hartz, Adverb Ventures, Alchemy Ventures, Alt Capital, Ben Taft's Genius Ventures, Citi Ventures, Craft Ventures, DFJ, DST Global, Expa, Felicis Ventures, First Round Capital, Forerunner Ventures, Foundation Capital, Foundry Group, Fuel Capital, Green Bay Ventures, Greylock, High Alpha, Intel Capital, LGF, Maniv Mobility, Matrix, Maverick Capital, Nyca Partners, Radical Ventures, Scribble Ventures, Seven Seven Six, SignalFire, South Park Commons, SV Angel, Thayer Ventures, Thrive Capital, Toyota Ventures, Two Sigma Ventures, Uncork Capital, Underscore VC, Weekend Fund, WndrCo LLC, Y Combinator, Amjad Masad, Austin Ogilvie, Chris Bennett, Daniel Kan, Deborah Liu, DJ Patil, Drew Houston, Dylan Field, Eric Futoran, Evan Moore, Fidji Simo, Guillaume Luccisano, Guillermo Rauch, Howie Liu, Jacob Kerzner, Jason Kay, Justin Mateen, Kevin Lin, Marc Benioff, Mark Pincus, Mike Abbott, Mike Liu, Mike Vernal, Nate Matherson, Nitay Joffe, Prescott Watson, Quinn Slack, Shishir Mehrotra, Stewart Butterfield, Tobias Lutke, Yan-David Erlich
Jul 1, 2025	Radical AI	$55.0M Seed	—	Alumni Ventures, Khosla Ventures
Jun 1, 2025	Wispr Flow	$30.0M Series A	—	8VC, Accel, Afore Capital, Alumni Ventures, Endeavor Health Ventures, Gradient Ventures, Modern Venture Partners, Jeff Immelt, New Enterprise Associates, Next47, Ameet Patel, Amit Agarwal, Louis Lehot
Jun 1, 2025	Linear	$82.0M Series C	—	01 Advisors, 1984 Ventures, 20VC, Accel, AirAngels, Alumni Ventures, Andreessen Horowitz, Coinbase Ventures, FJ Labs, Haun Ventures, Jude Gomila Rolling Fund, LGF, Meritech Capital Partners, NEO, Next47, Hans Tung, Sequoia Capital, Tusk Venture Partners, Y Combinator, Akash Garg, Amjad Masad, Aston Motes, Bobby Goodlatte, Charlie Cheever, Christina Cacioppo, Claire Hughes Johnson, Dylan Field, Immad Akhund, Jeff Chang, Julia DeWahl, Koen Bok, Lauren Loktev, Marc McCabe, Robert Gentz, Ron Pragides, Ryan Sarver, Ryan Tedder, Stewart Butterfield, Tikhon Bernstam
Jun 1, 2025	Paraform	$20.0M Series A	—	Kevin Hartz, A* Capital (A Star Capital), Andreessen Horowitz, Breakpoint Capital, DST Global, Founders Fund, General Catalyst, Global Founders Capital, Ironspring Ventures, Kleiner Perkins, Lightspeed Venture Partners, Menlo Ventures, Oyster Ventures, Roosh Ventures, Sequoia Capital, Soma Capital, The Venture Reality Fund, Wellington Management, Y Combinator, Brad Garlinghouse, Evan Moore, Karl Mehta, Kevin Lin, Mark Pincus, Ralph Gootee, Sahin Boydas, Thom Ruhe, Tracy Young, William Hockey
May 1, 2025	Horizon3.ai	$100.0M Series D	—	Accel, Bain Capital Ventures, Ballistic Ventures, Karim Faris, Luv Ventures, New Enterprise Associates, Norwest Venture Partners, Questa Capital, SignalFire, Threshold Ventures, True Ventures, Dheeraj Pandey

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Liquid 2 Ventures.

Leadership Team

Key people at Liquid 2 Ventures.

Deep Dive

Liquid 2 Ventures is an early-stage venture capital firm focused on investing in pre-seed and seed-stage technology startups, primarily in the United States. Their mission centers on partnering with exceptional founders to build lasting companies by providing capital, experience, and community support. They invest broadly across technology sectors, emphasizing software startups with go-to-market strategies such as product-led growth (PLG), developer-led adoption, and fintech or healthcare integrations. Liquid 2 typically invests $250,000 to $1 million at early stages and supports companies with fast diligence and ongoing operational guidance, helping them scale toward strategic exits or IPOs[1][2][6].

Founded in 2015 by former NFL quarterback Joe Montana alongside Michael Ma and Mike Miller, Liquid 2 Ventures evolved to serve the post-cloud, post-mobile startup era with a focus on seed-stage investments. The firm has grown its portfolio to over 800 companies, including more than 30 unicorns, collectively valued at over $100 billion. Their approach combines capital with deep operator experience and a strong network, enabling founders to navigate critical growth phases. Early traction includes backing notable companies like GitLab, Mercury, Anduril, and Commure, reflecting their broad sector reach and impact on the startup ecosystem[1][2][3][6].

Core Differentiators

Unique Investment Model: Focus on pre-seed and seed rounds with rapid diligence and non-leading participation alongside other investors.
Network Strength: Access to a vast network of founders and operators, fostering community and peer support.
Track Record: Over 800 portfolio companies, 30+ unicorns, and multiple high-profile exits including GitLab’s IPO.
Operating Support: Hands-on guidance from experienced operators, including strategic mentorship and founder support throughout the company lifecycle[1][2][6].

Role in the Broader Tech Landscape

Liquid 2 Ventures rides the wave of early-stage innovation in software and technology startups during a time when product-led growth and developer-centric adoption models dominate. Their timing aligns with the increasing importance of fintech, healthcare tech, and autonomous systems, sectors benefiting from digital transformation and integration. By backing a wide array of startups early, Liquid 2 influences the ecosystem by enabling founders to scale rapidly with both capital and operational expertise, contributing to the growth of next-generation technology companies[1][2][6].

Quick Take & Future Outlook

Looking ahead, Liquid 2 Ventures is poised to continue expanding its portfolio and influence by leveraging its dual-fund structure—early-stage and growth-stage investments—allowing it to support companies beyond seed rounds. Trends such as AI integration, autonomous systems, and fintech innovation will likely shape their investment focus. Their strong network and operational support model position them to remain a key partner for founders navigating complex scaling challenges, potentially increasing their footprint in emerging tech sectors and driving more high-value exits[2][6].

In summary, Liquid 2 Ventures combines early-stage capital with deep operational expertise and a robust founder network, making it a pivotal player in nurturing technology startups from inception to scale.

Sources

Core Differentiators

Unique Investment Model: Focus on pre-seed and seed rounds with rapid diligence and non-leading participation alongside other investors.
Network Strength: Access to a vast network of founders and operators, fostering community and peer support.
Track Record: Over 800 portfolio companies, 30+ unicorns, and multiple high-profile exits including GitLab’s IPO.
Operating Support: Hands-on guidance from experienced operators, including strategic mentorship and founder support throughout the company lifecycle[1][2][6].