Liquid 2 Ventures key facts
- Liquid 2 Ventures is a venture capital firm based in San Francisco, California with 234 tracked portfolio companies.
- Notable positions include Anduril Industries, Rippling, Applied Intuition.
- PrivateMarketView records 10 deal participations by Liquid 2 Ventures.
- Liquid 2 Ventures’s most recent recorded investment was in Aug 2024.
- Liquid 2 Ventures has 11 funds on record, raising $674.8M across the 11 that report a size.
- The team roster lists 5 people.
About Liquid 2 Ventures
Founded in 2015, Liquid 2 Ventures is a venture capital firm based in San Francisco, California. The firm seeks to invest in seed and series B companies operating in the technology sector.
Investment activity
Liquid 2 Ventures has no recorded round in the last two years; its 10 recorded rounds date from 2018 to Aug 2024. Across all 10 recorded rounds, 7 were seed and 2 were early-stage. Liquid 2 Ventures most often invests alongside Y Combinator (4 shared rounds), Gaingels (3 shared rounds) and Seven Seven Six (3 shared rounds). Most recently: Interlune (seed round, Aug 2024) and Dynamo AI (seed round, Sep 2022).
Liquid 2 Ventures portfolio at a glance
234 portfolio companies are on record for Liquid 2 Ventures, including Anduril Industries, Rippling and Applied Intuition.
143 of the 234 carry a recorded valuation and 7 have recorded secondary-market trades, the names a secondary buyer or seller can price.
Liquid 2 Ventures funds
11 funds are on record for Liquid 2 Ventures, totalling $675 million across the 11 that report a size. The most recent is Liquid 2 Winners Fund II, L.P. (2026 vintage), $200 million.
Liquid 2 Ventures team
5 people are on record at Liquid 2 Ventures: 3 partners, 1 general partner and 1 other. Senior names include Joseph Montana (General Partner), Matthew Mulvey (Partner) and Michael Miller (Co-Founder). 5 of them have a verified direct contact on file.
- ·The top 10 names in the book — of 234 recorded positions
- ·The 10 latest deals — of 10 rounds
- ·Watchlist + alerts for Liquid 2 Ventures's activity
Portfolio
234 companies · priced for members| Company | Industry | Valuation | First invested | Role |
|---|---|---|---|---|
| Anduril Industries | Aerospace and Defense | ▮ | ▮ | ▮ |
| Rippling | Business/Productivity Software | ▮ | ▮ | ▮ |
| Applied Intuition | Business/Productivity Software | ▮ | ▮ | ▮ |
+ 231 more companies · all 234, priced and dated or a free account shows the top 10 names — no card Membership and data by Private Market View | ||||
Liquid 2 Ventures recent deals
10 recordedMembership and data by Private Market View
Funds
6 of 11 recorded- Liquid 2 Winners Fund II, L.P.2026$200.0M
- Liquid 2 Ventures Fund V, L.P.2026$75.0M
- Liquid 2 Ventures Fund Series-05, L.P.2026$10.2M
- Liquid 2 Ventures Fund Series-04, L.P.2026$12.7M
- Liquid 2 Ventures Fund Series-06, L.P.2026$9.4M
- Liquid 2 Winners Fund I, L.P.2023$99.9M
$674.8M raised across the 11 funds that report a size
All 11 funds →Partners, principals, and the people who answer a pitch. Pro members reveal contacts with credits.
Frequently asked about Liquid 2 Ventures
- What companies does Liquid 2 Ventures invest in?
- Liquid 2 Ventures has 234 recorded portfolio companies, including Anduril Industries, Rippling, Applied Intuition.
- What is Liquid 2 Ventures's AUM?
- Liquid 2 Ventures manages approximately $312.0M in assets.
- Is Liquid 2 Ventures actively investing?
- Liquid 2 Ventures's most recent recorded investment was in Aug 2024.