Seed-stage VC, US

Liquid 2 Ventures

Venture capital firm · San Francisco · Founded 2015

Quick read

Liquid 2 Ventures is a seed-stage VC firm founded in 2015 by Joe Montana, headquartered in San Francisco, CA. It writes $250K–$1M checks at pre-seed and seed into technology companies, with a portfolio of over 750 startups and 31+ unicorns including Mercury, FanDuel, and GitLab. The firm pairs capital with operator-grade support from a team of former founders and operators.

Key facts

Founded
2015
Founders
Joe Montana, Michael Ma, Mike Miller
Employees
3-10
Sectors
generalist, fintech, ai, healthcare, crypto, saas
Website
www.liquid2.vc/

Investment thesis

Liquid 2 Ventures invests $250K–$1M at pre-seed and seed in technology-driven founders building software-first companies, with particular focus on fintech, AI, health tech, and crypto. The firm runs a high-velocity, diversified strategy — often as a non-lead — pairing capital with operator-grade introductions and support from a team of former founders.

Recent activity

  • May 2026investment
    Liquid 2 Ventures participated in CurbWaste's $28M Series B led by Socium Ventures, building on its lead position in CurbWaste's $10M Series A in late 2023. linkedin.com
  • 2026investment
    Liquid 2 Ventures participated in Paraform's $20M Series A led by Peter Deng at Felicis, alongside BOND and other co-investors. linkedin.com
  • 2026press
    Dealroom ranked Liquid 2 Ventures #25 globally in its 2026 Power Law rankings, citing 34 unicorns and 4 decacorns in the portfolio. dealroom.co
  • 2026investment
    Tracxn reported Liquid 2 Ventures made 35 new investments in the prior 12 months, with the most recent participation in Handle's Series B round. tracxn.com
  • 2024leadership
    Matthew Mulvey joined Liquid 2 Ventures as a Partner, coming from Eclipse Ventures where he focused on digital transformation of traditional industries. liquid2.vc

Notable investments

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

Sources

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Frequently asked

What is Liquid 2 Ventures?+

Liquid 2 Ventures is a seed-stage VC firm founded in 2015 by Joe Montana, headquartered in San Francisco, CA. It writes $250K–$1M checks at pre-seed and seed into technology companies, with a portfolio of over 750 startups and 31+ unicorns including Mercury, FanDuel, and GitLab.

Where is Liquid 2 Ventures headquartered?+

Liquid 2 Ventures is headquartered in San Francisco, United States.

When was Liquid 2 Ventures founded?+

Liquid 2 Ventures was founded in 2015 by Joe Montana, Michael Ma, Mike Miller.

What sectors does Liquid 2 Ventures invest in?+

Liquid 2 Ventures focuses on generalist, fintech, ai, healthcare, crypto, saas. They primarily invest in these sectors.

How do I prepare for a meeting with Liquid 2 Ventures?+

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Generated by briefthecall.com from public web sources. Last updated June 5, 2026. Each claim is linked to its source above.

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