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Investor profile

Liquid 2 Ventures

Venture Capital · Founded 2015 · San Francisco, United States

Website ↗LinkedIn ↗X / Twitter ↗

Provides technology startups with seed stage investments

498 portfolio companies Venture Capital · $4.2B invested · 602 investments · Investor rank #697 · Last investment 7/2026
Portfolio companies 498 ↑ 67% 5y
Decacorns 4
Thoroughbreds 19 ↑ 6% 5y
Power Law #25Investor Ranking · Global · 2026 · Top 0.5%
Featured in
News Lemma raises $2.3M pre-seed to catch AI agents that fail silently Aug 7, 2026 News Naïve raises $28.5M Series A to let AI agents run companies Aug 6, 2026 News USTA Ventures backs Rec, the recreation platform that's raised $20M+ Aug 6, 2026
Estimated holdings

Liquid 2 Ventures’ biggest current holdings.

An estimate of Liquid 2 Ventures’ largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 3 companies where Liquid 2 Ventures is a named shareholder, worth about $39M in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 Chipper CashFintech · Unicorn 1.5% $2.0B $30M
  2. 2 Chaos IndustriesRobotics · Unicorn 0.2% $4.5B $9M
  3. 3 ComplyAdvantageLegal · Colt 0.01% $250M $25K

Estimated value = Liquid 2 Ventures’ disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Liquid 2 Ventures also appears inside investor groups in Cerebral, Dexterity, Remote, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

Portfolio analysis

Where Liquid 2 Ventures’ portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 498 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA424
  2. Canada14
  3. Mexico13
  4. Israel6
  5. UK6
  6. Nigeria4
  7. Chile3
  8. India3
  9. Argentina2
  10. Australia2
  11. France2
  12. Norway2
By sectorCount
  1. Enterprise Software119
  2. Fintech73
  3. Health51
  4. Marketing42
  5. Transportation30
  6. Real Estate29
  7. Security29
  8. Media27
  9. Jobs Recruitment24
  10. Food19
  11. Energy17
  12. Robotics16
By stage enteredCount
  1. Seed418
  2. Series A71
  3. Series B+5
By growth stageCount
  1. Early Growth262
  2. Breakout Stage163
  3. Late Growth70
  4. Mature3
Portfolio market map

Inside Liquid 2 Ventures’ portfolio.

The 60 highest-funded portfolio companies, of 498 tracked.

Anduril
Security · Decacorn
$61B
Stoke Space
Telecom · Unicorn
$2.5B
Applied Intuition
Transportation · Decacorn
$15B
Chaos Industries
Security · Unicorn
$4.5B
Whatnot
Media · Decacorn
$12B
Solugen
Chemicals · Unicorn
$2.0B
Mercury
Fintech · Unicorn
$5.2B
Colossal
Health · Decacorn
$10B
Human Interest
Marketing · Unicorn
$1.3B
Remote
Fintech · Unicorn
$3.0B
Cerebral
Health · Unicorn
$4.8B
Blockdaemon
Fintech · Unicorn
$3.3B
GitLab
Security · Unicorn
$4.4B
Openly
Fintech
$400M
Newfront
Fintech · Unicorn
$2.2B
Pipe
Fintech · Unicorn
$2.0B
Chipper Cash
Fintech · Unicorn
$2.0B
Dexterity
Robotics · Unicorn
$1.6B
Vendr
Enterprise Software · Unicorn
$1.0B
Genies
Media · Unicorn
$1.0B
Carbon Robotics
Food
$425M
Standard AI
Marketing · Unicorn
$1.0B
Jerry Insurance
Fintech
$352M
BuildOps
Real Estate · Unicorn
$1.0B
Observe.AI
Jobs Recruitment
$500M
Grin
Transportation
$600M
Swiftly
Food · Unicorn
$1.1B
Destinus
Security
$116M
Moonshot Brands
Marketing
$800M
Atom Computing
Semiconductors
$400M
Mytra AI
Robotics
$480M
Albedo
Space
$285M
Amperity
Marketing · Unicorn
$1.0B
Modern Treasury
Fintech · Unicorn
$2.0B
Airbyte
Enterprise Software · Unicorn
$1.5B
TRACTIAN
Enterprise Software
$720M
Hex Technologies
Enterprise Software
$280M
Mux
Media · Unicorn
$1.0B
Titan
Fintech
$400M
Alembic
Marketing
$645M
Retool
Enterprise Software · Unicorn
$3.2B
Athelas
Health · Unicorn
$1.5B
Starfish Space
Space
$400M
Fazz
Fintech
$300M
Instawork
Travel
$240M
Gem
Jobs Recruitment · Unicorn
$1.2B
depthfirst
Security
$580M
Overjet
Health
$550M
Angle Health
Health
$268M
99minutos.com
Fashion
$328M
Medallion
Health
$172M
Jasper AI
Media · Unicorn
$1.5B
Inversion Space
Space
$176M
Lively
Health
$320M
Bloom Institute of Technology
Education
$296M
Parsley Health
Health
$104M
Reali
Fintech
$300M
Moxion Power
Energy
$400M
Cricket Health
Health
$334M
Drip Capital
Fintech
$200M
Portfolio founders

Where Liquid 2 Ventures’ portfolio founders come from.

200 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States168
  2. Mexico6
  3. Netherlands4
  4. Switzerland4
  5. Brazil3
  6. Canada2
  7. Indonesia2
  8. Spain2
  9. United Kingdom2
  10. India1
UniversityCount
  1. Stanford University14
  2. Massachusetts Institute of Technology11
  3. Harvard Business School10
  4. Wharton School of the University of Pennsylvania10
  5. University of California, Berkeley8
  6. Harvard University7
  7. University of Pennsylvania7
  8. Cornell University6
  9. Stanford University Graduate School of Business6
  10. University of California, Santa Barbara4
Previous companyCount
  1. Alphabet | Google9
  2. Stanford University9
  3. Palantir7
  4. Goldman Sachs6
  5. Meta6
  6. Microsoft6
  7. Y Combinator6
  8. McKinsey & Company5
  9. Nvidia5
  10. Apple4
How Liquid 2 Ventures stacks up

Similar investors.

Peers the API surfaces as most similar by portfolio shape, with Dealroom investor rank and portfolio scale.

Y Combinator
Accelerator · San Francisco
#64 rank 7,094 companies $1.9T portfolio
Techstars
Accelerator · New York City
#847 rank 2,278 companies $250B portfolio
Founders Fund
Venture Capital · San Francisco
#49 rank 611 companies $6.6T portfolio
Andreessen Horowitz
Venture Capital · Menlo Park
#2 rank 1,187 companies $4.5T portfolio
Plug and Play
Venture Capital · Sunnyvale
#366 rank 1,576 companies $294B portfolio
Sequoia
Venture Capital · Menlo Park
#3 rank 1,919 companies $22T portfolio
Alumni Ventures
Venture Capital · Manchester
#186 rank 799 companies $200B portfolio
Gaingels
Angel Fund · Burlington
#182 rank 661 companies $175B portfolio
Key people

Key people at Liquid 2 Ventures.

Mike Miller
Mike Miller
Founder
 Joe Montana
Joe Montana
Managing Partner
 Michael Ma
Michael Ma
Founding Partner
 Nathaniel Montana
Nathaniel Montana
Partner
 Alan Leong
Alan Leong
Partner
Source: Dealroom next-gen API — investor team endpoint.
Figures on this page are sourced live from the Dealroom next-gen API, joined with Dealroom’s cap-table dataset (estimated holdings) and the Power Law Investor Ranking. News in “Featured in” is drawn from Dealroom’s own coverage — the stories that name this investor, not only those it is the subject of. Market sentiment is omitted until the API exposes it.