Key Takeaways
- • LIQID, a Berlin-based digital asset manager, closed its third venture capital fund (LIQID Venture III) with over €100 million in commitments, targeting exposure to global technology leaders across approximately 30 venture capital funds and 1,000+ private companies.
- • The fund provides institutional investor access to prominent private technology companies including Anthropic, OpenAI, Stripe, Lovable, Databricks, Wiz, Anduril, Mistral, and SpaceX through a curated selection of top-quartile venture managers.
- • LIQID Venture III will concentrate on high-growth technology themes including AI foundation models, data infrastructure, AI-native software, and applications in healthcare, energy, and defense, with primary geographic focus on the United States alongside selective opportunities in Europe, India, and China.
- • The fund continues a partnership with VenCap, a British venture specialist established in 1987 that has participated in 85% of the largest venture-backed exits since 2018 and maintains direct exposure to Stripe, SpaceX, Anthropic, and OpenAI.
- • Approximately 80% of historical returns generated by LIQID's selected venture managers ranked within the top quartile of their respective vintages, reflecting a strategy focused on backing proven, high-performing fund managers.
Summary
LIQID, a Berlin-based digital asset manager, has successfully closed its third venture capital fund, LIQID Venture III, having secured more than €100 million in commitments. The fund is designed to grant institutional investors access to premier venture capital managers and exposure to globally recognized private technology companies, including Anthropic, OpenAI, Stripe, and Lovable.
LIQID Venture III builds upon the strategy established through the firm's existing Venture PRO platform, which already provides investors with exposure to companies such as Databricks, Wiz, Anduril, Mistral, SpaceX, Harvey, and Cursor. The new fund is expected to deploy capital across approximately 30 venture capital funds, ultimately generating exposure to more than 1,000 private technology companies worldwide. This diversified approach allows institutional investors to gain broad exposure to leading venture managers without requiring direct allocation to individual funds.
The fund's investment thesis centers on backing top-performing venture capital managers with demonstrated long track records of identifying and scaling high-growth technology businesses. According to LIQID, roughly 80% of the historical returns generated by its selected venture managers ranked within the top quartile of their respective vintages, indicating a disciplined manager selection process focused on proven performance.
LIQID Venture III will target major growth themes across the global technology sector, with particular emphasis on artificial intelligence foundation models, data infrastructure, AI-native software, and applications across healthcare, energy, and defense verticals. While the United States represents the primary geographic focus for the fund, LIQID will also pursue opportunities across Europe, India, and China, reflecting a globally diversified investment approach.
The fund continues LIQID's partnership with VenCap, a British venture capital specialist that has been investing in leading venture funds since 1987. VenCap has achieved significant track record visibility, having participated in 85% of the largest venture-backed exits since 2018, with notable portfolio exposure to Stripe, SpaceX, Anthropic, and OpenAI. This strategic partnership leverages VenCap's deep institutional relationships and deal sourcing capabilities within the global venture ecosystem.
LIQID Venture III builds upon the strategy established through the firm's existing Venture PRO platform, which already provides investors with exposure to companies such as Databricks, Wiz, Anduril, Mistral, SpaceX, Harvey, and Cursor. The new fund is expected to deploy capital across approximately 30 venture capital funds, ultimately generating exposure to more than 1,000 private technology companies worldwide. This diversified approach allows institutional investors to gain broad exposure to leading venture managers without requiring direct allocation to individual funds.
The fund's investment thesis centers on backing top-performing venture capital managers with demonstrated long track records of identifying and scaling high-growth technology businesses. According to LIQID, roughly 80% of the historical returns generated by its selected venture managers ranked within the top quartile of their respective vintages, indicating a disciplined manager selection process focused on proven performance.
LIQID Venture III will target major growth themes across the global technology sector, with particular emphasis on artificial intelligence foundation models, data infrastructure, AI-native software, and applications across healthcare, energy, and defense verticals. While the United States represents the primary geographic focus for the fund, LIQID will also pursue opportunities across Europe, India, and China, reflecting a globally diversified investment approach.
The fund continues LIQID's partnership with VenCap, a British venture capital specialist that has been investing in leading venture funds since 1987. VenCap has achieved significant track record visibility, having participated in 85% of the largest venture-backed exits since 2018, with notable portfolio exposure to Stripe, SpaceX, Anthropic, and OpenAI. This strategic partnership leverages VenCap's deep institutional relationships and deal sourcing capabilities within the global venture ecosystem.
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