# Liquid 2: portfolio, investments and team

> Liquid 2 is a vc firm based in United States. 28 investments on record, 3 in the last 12 months, latest Aug 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/liquid-2 (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Liquid 2

Last cheque observed Aug 2026; 28 cheques on record.

Email

VC firm Deploying now New fund, Mar 2026

Seed Series A Pre-seed

Follow Liquid 2 and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fliquid-2)

Deploying now

**75%** of best year **3** **cheques in 12 months**, 28 on record

Since the last cheque **91** days **00** hrs **00** min **00** sec

Median round **$4.3M** Rounds led **0 of 28** Mostly in **United States, 100%**

Pitch Liquid 2

## Liquid 2 highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Seed and Series A: 91% of its rounds

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Based in:** SAN FRANCISCO, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **28 appearances**

- **2026** 2 rounds
- **Aug** **[Naïve](https://millionrounds.com/company/naive)** Series A · TechCrunch **$29M** With 6 others
- **Jan** **[Mytra](https://millionrounds.com/company/mytra)** Series C · US · Promus Ventures **$120M** With 10 others
- **2025** 2 rounds
- **Nov** **[Avallon](https://millionrounds.com/company/avallon)** Seed · US · AlleyWatch **$4.6M** With 5 others
- **Oct** **[Cookiy AI](https://millionrounds.com/company/cookiy-ai)** Pre-seed · US · Converge VC **$7.0M** With 4 others
- **2019** 4 rounds
- **Oct** **[Naborly](https://millionrounds.com/company/naborly)** Seed · US · FinSMEs **$7.5M** With 5 others
- **Sept** **[Flatfile](https://millionrounds.com/company/flatfile)** US · VentureBeat **$2.0M** With 4 others
- **Apr** **[Nabis](https://millionrounds.com/company/nabis)** US · FinSMEs **$5.3M** With 4 others
- **Feb** **[StayTuned Digital](https://millionrounds.com/company/staytuned-digital)** Seed · US · TechCrunch **$2.5M** With 6 others
- **2018** 10 rounds
- **Dec** **[Inscribe](https://millionrounds.com/company/inscribe)** Seed · US · FinSMEs **$3.0M** With 6 others
- **Nov** **[Momentus](https://millionrounds.com/company/momentus)** Seed · US · Spacenews **$8.3M** With 3 others
- **Oct** **[Titan](https://millionrounds.com/company/titan)** Seed · US · TechCrunch **$2.5M** With 3 others
- **Oct** **[RankScience](https://millionrounds.com/company/rankscience)** Seed · US · FinSMEs **$18M** With 5 others
- **Oct** **[Shelf Engine](https://millionrounds.com/company/shelf-engine)** US · GeekWire **$4.3M** With 3 others
- **Sept** **[Cricket Health](https://millionrounds.com/company/cricket-health)** Series A · US · FinSMEs **$24M** With 10 others
- **Aug** **[Observe.AI](https://millionrounds.com/company/observe-ai)** Series A · US · FinSMEs **$8.0M** With 4 others
- **Aug** **[Root AI](https://millionrounds.com/company/root-ai)** US · FinSMEs **$2.3M** With 2 others
- **Jul** **[LoanSnap](https://millionrounds.com/company/loansnap)** Series A · US · FinSMEs **$8.0M** With 5 others
- **Mar** **[Blockdaemon](https://millionrounds.com/company/blockdaemon)** Seed · US · FinSMEs **$3.3M** With 3 others
- **2017** 9 rounds
- **Dec** **[PullRequest](https://millionrounds.com/company/pullrequest)** Seed · US · FinSMEs **$2.3M** With 5 others
- **Oct** **[Farmstead](https://millionrounds.com/company/farmstead)** Seed · US · FinSMEs **$2.8M** With 3 others
- **Sept** **[Lively](https://millionrounds.com/company/lively)** US · FinSMEs **$4.2M** With 8 others
- **Aug** **[IUNU](https://millionrounds.com/company/iunu)** US · FinSMEs **$6.0M** With 3 others
- **May** **[Bulletin](https://millionrounds.com/company/bulletin)** Seed · US · TechCrunch **$2.2M** With 6 others
- **May** **[Vivid Vision](https://millionrounds.com/company/vivid-vision)** Seed · US · FinSMEs **$2.2M** With 4 others
- **Apr** **[Mux](https://millionrounds.com/company/mux)** Series A · US · FinSMEs **$9.0M** With 8 others
- **Feb** **[Privacy Labs](https://millionrounds.com/company/privacy-labs)** Seed · US · TechCrunch **$4.0M** With 3 others
- **Jan** **[Iris Automation](https://millionrounds.com/company/iris-automation)** Seed · US · FinSMEs **$1.5M** With 2 others
- **2015** 1 round
- **Aug** **[GameOn](https://millionrounds.com/company/gameon)** Seed · US **$1.5M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **1 named**

JC **Joseph C. Montana** Managing Member of the General Partner i Filing they signed

New fund on file

**Raised**

a new fund in Mar 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Pre-seed

Median round joined **$4.3M** the round, not its cheque

Led 0 of 28 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Aug 2026

Rounds by stage said on their site

- Seed *15*
- Series A *5*
- Pre-seed *1*
- Series C *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Y Combinator](https://millionrounds.com/fund/y-combinator) 7
- [BoxGroup](https://millionrounds.com/fund/boxgroup) 3
- [Afore Capital](https://millionrounds.com/fund/afore-capital) 2
- [FundersClub](https://millionrounds.com/fund/fundersclub) 2
- [Initialized Capital](https://millionrounds.com/fund/initialized-capital) 2
- [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) 2

**Pitching Liquid 2?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Who they invest alongside

The investors most often in the same rounds as Liquid 2. A count of rooms they were both in, not a relationship either has claimed.

[**Y Combinator** Accelerator **7** rounds together](https://millionrounds.com/fund/y-combinator)[**BoxGroup** VC firm **3** rounds together](https://millionrounds.com/fund/boxgroup)[**Afore Capital** VC firm **2** rounds together](https://millionrounds.com/fund/afore-capital)[**FundersClub** VC firm **2** rounds together](https://millionrounds.com/fund/fundersclub)[**Initialized Capital** VC firm **2** rounds together](https://millionrounds.com/fund/initialized-capital)[**Liquid 2 Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/liquid-2-ventures)[**Paul Buchheit** Angel **2** rounds together](https://millionrounds.com/fund/paul-buchheit)[**SV Angel** VC firm **2** rounds together](https://millionrounds.com/fund/sv-angel)[**Transmedia Capital** VC firm **2** rounds together](https://millionrounds.com/fund/transmedia-capital)

## Recently backed

The latest companies Liquid 2 put money into.

[**Mytra** $120M · Jan 2026](https://millionrounds.com/company/mytra)[**Cookiy AI** $7.0M · Oct 2025](https://millionrounds.com/company/cookiy-ai)[**Naborly** $7.5M · Oct 2019](https://millionrounds.com/company/naborly)[**Flatfile** $2.0M · Sept 2019](https://millionrounds.com/company/flatfile)[**Nabis** $5.3M · Apr 2019](https://millionrounds.com/company/nabis)[**Inscribe** $3.0M · Dec 2018](https://millionrounds.com/company/inscribe)

## Quick answers about Liquid 2

### What does Liquid 2 invest in?

Liquid 2 invests most often at Seed and Series A (91% of the rounds on record).

### How active is Liquid 2?

28 investments on record, 3 of them in the last 12 months. The most recent was in Aug 2026.

### What has Liquid 2 invested in recently?

Its most recent investments on record: Naïve (Series A, Aug 2026), Mytra (Series C, Jan 2026) and Avallon (Seed, Nov 2025).

### How big are Liquid 2's cheques?

The median round it joins is $4.3M.

### Does Liquid 2 lead rounds?

Rarely, if at all: none of its 28 investments on record names it as the lead.

### Where does Liquid 2 invest?

Most of the companies it backs are in the United States (100%).

### Is Liquid 2 investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### Who does Liquid 2 invest alongside?

Most often Y Combinator (7 rounds together), BoxGroup (3 rounds together) and Afore Capital (2 rounds together).

## Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Find similar investorsOpen your CRM

Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=liquid-2) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=liquid-2)