Stage FocusPre-Seed, Seed, Series B+
GeographyUS
TypeVC
Last Activity2025
Industry Focus
Industries
AICybersecurityDefenseMobility
Technical BenchStrong
Investor TypeDeepTech Specialist
ExposureSome DeepTech Investments
Bio
Liquid2 Ventures was founded in 2014 by NFL quarterback Joe Montana alongside Mike Miller and Michael Ma. Five funds later — including a $100M Fund III (December 2021) and a new $100M fund (January 2025) — the firm has made 965 investments with 100+ exits. The first two funds returned over 3x with 25 companies valued over $1B, including GitLab, Anduril, Rippling, Applied Intuition, Retool, and Mer...
Notable Investments
G
GitLabA
AndurilR
RipplingA
Applied IntuitionR
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