Liquid 2
Liquid 2 Ventures is a venture capital firm based in San Francisco, California, founded in 2015. The firm focuses on early-stage investments, particularly in pre-seed and seed-stage technology startups. It operates as an institutional-scale "angel-style" seed firm, bridging the gap between individual angel investing and traditional venture capital. The firm is led by Managing Partner Joe Montana, alongside co-founders Michael Ma and Mike Miller, and has expanded its leadership team to include Nate Montana and Matt Ocko. Liquid 2 Ventures manages two main funds: an Early-Stage Fund for pre-see
Investing activity
Liquid 2 appears in 1 AI deal tracked by the AI Lounge deals desk, rounds totalling $130M. The rounds are mostly Pre-seed, with a median round size of $130M. The most recent is Mavria (Pre-seed and seed (cumulative), $130M, Nov 2026).
Liquid 2 most often invests alongside Paradigm, Critical Frontier, AMP PBC and Dream Ventures, and the companies it backs on AI Lounge are mostly in AI infrastructure.
Deals
Frequently asked questions about Liquid 2
What AI companies has Liquid 2 invested in?
Liquid 2's AI investments include Mavria. The 1 round on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Liquid 2 based?
Liquid 2 is based in San Francisco, California, United States.
What stage does Liquid 2 invest at?
In the rounds tracked on AI Lounge, Liquid 2 has invested at Pre-seed, with a median round of $130M.
Who does Liquid 2 co-invest with?
Liquid 2's most frequent co-investors on AI Lounge are Paradigm (1 deal), Critical Frontier (1 deal), AMP PBC (1 deal) and Dream Ventures (1 deal).
How can founders reach Liquid 2?
Founders on AI Lounge can see Liquid 2's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Liquid 2 to their Investor Pipeline to track the conversation.