Liquid 2 Ventures, LLC
SEC exempt reporting adviser (venture capital exemption).
- Website
- https://www.liquid2.vc
- HQ
- CA
Warm intros only
This firm says it does not take cold pitches. Ask someone who knows the team to introduce you.
Who to approach: Joseph Montana
Liquid 2 Ventures, LLC says it champions exceptional founders to build lasting companies through experience, community, and capital. Investor Dan Birmingham focuses on seed-stage investing across AI, infrastructure, developer tools, hardware, frontier technology, and other engineering-driven markets. Portfolio companies listed include GitLab, Applied Intuition, Mercury, Anduril, Commure, Vetcove, and Solugen.
01 · Says / Does
| Tag | Says | Does |
|---|---|---|
| Stages | Pre-seed, Seed, Series B, Growth | Not enough dated deals |
| Sectors | Not stated | Not enough dated deals |
| Regions | Not stated | Not enough dated deals |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Liquid 2 Ventures Fund V, L.P. Liquid 2 Ventures backs exceptional founders from day one, providing capital, connections, and ongoing support to help them build lasting companies. Its portfolio includes companies in AI, defense, fintech, and healthcare. Inferred from the firm's website and portfolio companies | 2026 | $84.26M to $90M (Form D) | Raising |
| Liquid 2 Winners Fund II, L.P. Liquid 2 Ventures backs exceptional founders from day one, providing capital, connections, and ongoing support to help them build lasting companies. Its portfolio includes companies in AI, defense, fintech, and healthcare. Inferred from the firm's website and portfolio companies | approx. 2026 | $200M (Form D) | Raising |
| Liquid 2 Winners Fund I, L.P. Liquid 2 Ventures backs exceptional founders from day one, providing capital, connections, and ongoing support to help them build lasting companies. Its portfolio includes companies in AI, defense, fintech, and healthcare. Inferred from the firm's website and portfolio companies | 2023 | $99.87M (Form D) | Open, writing first checks |
| Liquid 2 Ventures Fund IV, L.P. Liquid 2 Ventures backs exceptional founders from day one, providing capital, connections, and ongoing support to help them build lasting companies. Its portfolio includes companies in AI, defense, fintech, and healthcare. Inferred from the firm's website and portfolio companies | 2023 | $69.92M to $81.5M (Form D) | Open, writing first checks |
| Liquid 2 Ventures Fund III L.P. | approx. 2020 | $100M (Form D) | Follow-ons only |
03 · People across funds
- a Delaware limited liability company Liquid 2 GP III, L.L.C.
Liquid 2 Ventures Fund III L.P. (Named on Form D)
- Joseph Montana, Managing Member of the General Partner
Liquid 2 Ventures Fund V, L.P. (Named on Form D); Liquid 2 Winners Fund II, L.P. (Named on Form D); Liquid 2 Winners Fund I, L.P. (Named on Form D); Liquid 2 Ventures Fund IV, L.P. (Named on Form D)
- Joseph Montana, Jr.
Liquid 2 Ventures Fund III L.P. (Named on Form D)
- Dan Birmingham, Investor
Liquid 2 Ventures Fund V, L.P. (Team); Liquid 2 Winners Fund II, L.P. (Team); Liquid 2 Winners Fund I, L.P. (Team); Liquid 2 Ventures Fund IV, L.P. (Team); Liquid 2 Ventures Fund III L.P. (Team)
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- https://www.liquid2.vc
- https://www.liquid2.vc/
- https://www.liquid2.vc/team
- https://www.liquid2.vc/portfolio
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026