Investments
966Portfolio Exits
100Funds
5About Liquid 2 Ventures
Liquid 2 Ventures operates as a pre-seed and seed venture capital firm. It invests in a broad range of technology products and services, aiming to support the growth of innovative companies. Liquid 2 Ventures primarily sells to the technology startup sector. It was founded in 2015 and is based in San Francisco, California.
Research containing Liquid 2 Ventures
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Liquid 2 Ventures in 2 CB Insights research briefs, most recently on Feb 28, 2024.
Feb 28, 2024 report
The Celebrity VC Index
Latest Liquid 2 Ventures News
Oct 28, 2025
Joe Montana became one of the greatest quarterbacks in NFL history during his time with the San Francisco 49ers. From 1979 to 1992, he earned two NFL MVP awards and eight Pro Bowl selections while leading the 49ers to a perfect 4-0 record in the Super Bowl. The former Notre Dame national champion was later inducted into the Pro Football Hall of Fame. But Montana has stayed busy since retiring from football, shifting his focus to investing. In 1999, he co-founded a venture capital fund-of-funds with former teammates Ronnie Lott and Harris Barton. After that fund folded a decade later, Montana launched another investment firm, Liquid 2 Ventures, which remains active today. On Tuesday, Montana revealed his latest venture, announcing a partnership with Lululemon to help launch the brand's new NFL collection. Featured in Lululemon's "Welcome to the Fam Club" campaign were Montana's wife, Jennifer, and two of their children, along with former NFL players Nick Foles, Ryan Clark, and Emmanuel Acho. "Together with Fanatics, we are introducing an elevated collection that redefines modern fan apparel and is uniquely designed for everyday comfort," lululemon's NFL Executive Vice President and Chief Revenue Officer Renie Anderson said . "lululemon boasts a loyal fan base built on culture, meaningful connections and innovation, qualities that thoroughly reflect the NFL." The new NFL collection was officially released on Tuesday and offers products themed around all 32 teams. Some of the items offered include half-zip hoodies, sweatshirts, pullover hoodies and jackets, both in men's and women's styles "Nobody cheers louder than family," Joe Montana wrote on Instagram . "Grab the new @lululemon NFL Collection available at fanatics.com and NFLShop.com" Joe Montana reveals new partnership pic.twitter.com/jqwUCcMN0U — Sports N Stuff (@SportsNStuffx) October 28, 2025 The Lululemon x NFL collection will be available on the NFL Shop and Fanatics, as well as at retail stores inside all NFL stadiums. Related: Chiefs' Announcement Spells Bad News for QB Patrick Mahomes This story was originally published October 28, 2025 at 12:42 PM.
Liquid 2 Ventures Investments
966 Investments
Liquid 2 Ventures has made 966 investments. Their latest investment was in Super Labs as part of their Seed VC on November 12, 2025.
Liquid 2 Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
11/12/2025 | Seed VC | Super Labs | $8M | Yes | FUSE, Garry Tan, Gokul Rajarm, Immad Akhund, Massive Tech Ventures, Pioneer Fund, Soma Capital, and Undisclosed Investors | 1 |
11/12/2025 | Seed VC - III | District Cover | $6M | No | Amwins, Andreessen Horowitz, IA Capital Group, Impact America Fund, Mosaic Ventures, Undisclosed Investors, and Vantage Risk Capital | 3 |
11/12/2025 | Series A | Sim | $7M | Yes | Ali Rowghani, Kaz Nejatian, Kulveer Taggar, Paul Bucheit, Paul Graham, Perplexity, Standard Capital, SV Angel, Twenty Two Ventures, Undisclosed Angel Investors, Undisclosed Investors, and Y Combinator | 3 |
11/12/2025 | Seed VC | |||||
10/28/2025 | Seed VC |
Date | 11/12/2025 | 11/12/2025 | 11/12/2025 | 11/12/2025 | 10/28/2025 |
|---|---|---|---|---|---|
Round | Seed VC | Seed VC - III | Series A | Seed VC | Seed VC |
Company | Super Labs | District Cover | Sim | ||
Amount | $8M | $6M | $7M | ||
New? | Yes | No | Yes | ||
Co-Investors | FUSE, Garry Tan, Gokul Rajarm, Immad Akhund, Massive Tech Ventures, Pioneer Fund, Soma Capital, and Undisclosed Investors | Amwins, Andreessen Horowitz, IA Capital Group, Impact America Fund, Mosaic Ventures, Undisclosed Investors, and Vantage Risk Capital | Ali Rowghani, Kaz Nejatian, Kulveer Taggar, Paul Bucheit, Paul Graham, Perplexity, Standard Capital, SV Angel, Twenty Two Ventures, Undisclosed Angel Investors, Undisclosed Investors, and Y Combinator | ||
Sources | 1 | 3 | 3 |
Liquid 2 Ventures Portfolio Exits
100 Portfolio Exits
Liquid 2 Ventures has 100 portfolio exits. Their latest portfolio exit was Mentum on October 29, 2025.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
10/29/2025 | Acquired | 3 | |||
10/21/2025 | Acquired | 5 | |||
10/15/2025 | Acquired | 3 | |||
Date | 10/29/2025 | 10/21/2025 | 10/15/2025 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 3 | 5 | 3 |
Liquid 2 Ventures Fund History
5 Fund Histories
Liquid 2 Ventures has 5 funds, including Liquid 2 Winners Fund I.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
1/28/2025 | Liquid 2 Winners Fund I | 1 | |||
2/25/2022 | Liquid 2 Ventures Fund III | ||||
4/16/2019 | Liquid 2 Ventures Fund II | ||||
12/31/2015 | Liquid 2 Ventures | ||||
Liquid 2 Opportunities Fund I |
Closing Date | 1/28/2025 | 2/25/2022 | 4/16/2019 | 12/31/2015 | |
|---|---|---|---|---|---|
Fund | Liquid 2 Winners Fund I | Liquid 2 Ventures Fund III | Liquid 2 Ventures Fund II | Liquid 2 Ventures | Liquid 2 Opportunities Fund I |
Fund Type | |||||
Status | |||||
Amount | |||||
Sources | 1 |
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