Liquid 2 Ventures

Venture capital firm
San Francisco, California, USAFounded 2015liquid2.vcSee connections →Compare with SV Angel

Early-stage and growth-stage venture firm investing from pre-seed through Series B and later in technology companies, based in San Francisco.

At a glance

Liquid 2 Ventures appears in 2 funding rounds tracked by ValueAddVC since 2026. Its most recent tracked deal was Noetive's $41M Seed round (Sep 16, 2026). ValueAddVC also tracks 4 funds managed by Liquid 2 Ventures.

Strategy

Stages
Pre-SeedSeedSeries B
Sectors
Generalist
Geographies
San Francisco, California, USA
Check size
$250K–$5M

Recent changes

  1. Sep 16, 2026Invested in Noetive (Seed, $41M) PR Newswire (Noetive)
  2. Sep 5, 2026Sectors updated: Generalist liquid2.vc
  3. Sep 5, 2026Check size updated: $250K–$5M liquid2.vc
  4. Sep 5, 2026Stages updated: Pre-Seed, Seed, Series B liquid2.vc
  5. Aug 6, 2026Invested in Naive (Series A, $28.5M) SiliconANGLE
Earlier changes (4)
  1. Mar 6, 2026New fund: Liquid 2 Ventures Venture Fund 2 (target $90M) SEC EDGAR Form D
  2. Jun 30, 2023New fund: Liquid 2 Ventures Venture Fund IV (target $82M) SEC EDGAR Form D
  3. Dec 22, 2020New fund: Liquid 2 Ventures Venture Fund III (target $100M) SEC EDGAR Form D
  4. Jan 1, 2016New fund: Liquid 2 Ventures Fund II ($40M) Value Add VC funds tracker

Funds

4
FundVintageSizeStrategySource
Liquid 2 Ventures Venture Fund 22026target $90MVenture
As of Aug 7, 2026SEC EDGAR Form D
Liquid 2 Ventures Venture Fund IV2023target $82MVenture
As of Sep 19, 2023SEC EDGAR Form D
Liquid 2 Ventures Venture Fund III2020target $100MVenture
As of Dec 22, 2020SEC EDGAR Form D
Liquid 2 Ventures Fund II2016$40MFlagship
As of 2016Value Add VC funds tracker

Portfolio

7 total

Recent Investment Activity

2

Track record: led 0 and participated in 2 of 2 tracked venture rounds · 2 in the last 12 months

DateCompanyEventRoleAmountValuationInvestorsSource
Sep 16, 2026NoetiveSeedParticipated$41M—
Eclipse VenturesLeadCraft VenturesSwish VenturesFactoryunverifiedGigascale CapitalLiquid 2 VenturesThe Westly GroupIncite VenturesOperator Partners
PR Newswire (Noetive)
Aug 6, 2026NaiveSeries AParticipated$28.5M—Pulse story

Sector / Stage Activity

By sector (portfolio)
AI infra
3 · 43%
Defense
1 · 14%
Healthcare AI
1 · 14%
Fintech
1 · 14%
Space
1 · 14%
By stage (tracked rounds)
Seed
1 · 50%
Series A
1 · 50%

Co-Investors

12

Similar Firms

overlapping sector, stage or region

Latest Pulse

  1. Noetive Raises $41M To Digitize The Physical EconomyNoetive emerged from stealth with a $41 million seed round led by Eclipse. The company pairs self-improving AI with multi-modal sensing pods to build what it calls an 'intelligence of record' for the physical economy -- manufacturing, logistics, energy and data centers.→
  2. Naive Raises $28.5M for AI Agents That Run CompaniesNaive raised a $28.5M Series A led by Nexus Venture Partners to let AI coding agents like Cursor and Claude Code provision payments, phone numbers and US LLC incorporation through a single API.→

Liquid 2 Ventures FAQ

What companies has Liquid 2 Ventures invested in?

Liquid 2 Ventures' portfolio includes Anduril Industries, Noetive, Stoke Space, Naive, Venice AI, Assort Health, and 1 more tracked companies.

Who does Liquid 2 Ventures co-invest with most?

In the rounds Value Add tracks, Liquid 2 Ventures most often invests alongside Andreessen Horowitz (2 shared deals), Coatue Management (2 shared deals), Craft Ventures (2 shared deals), Spark Capital (2 shared deals), SV Angel (2 shared deals).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

How we verify data · Suggest a correction