Project A leads €4.5m round for Liqid

Project A led the round via its Project A Ventures II vehicle, alongside the family office of Harald Quandt (HQ Trust), Dieter von Holtzbrinck Ventures (DvH) and the venture capital arm of Berliner Volksbank Ventures.

The company aims to use the capital to add illiquid asset class products to its service offering, as well as continue to expand its staff of roughly 30.

Previous funding
In August 2015, Project A provided seed capital to Liqid alongside the firm's founding team, HQ Trust and DvH. This latest round of funding brings the total raised since inception to around €10m.

Company
Founded in 2015 and headquartered in Berlin, Liqid is a digital wealth management platform, developed in collaboration with HQ Trust. Deutsche Bank Wealth Management provides Liqid with banking and portfolio services. According to a company press release, Liqid's global strategy outperformed Firstfive Wealth Management Indices across four risk classes in 2016.

People
Project A – Ben Fischer (general partner).
HQ Trust – Hanna Cimen (CEO).
Berliner Volksbank Ventures – Timo Fleig (CEO).

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• Topics
• DACH
• Expansion
• Technology
• Germany
• Deutsche Bank
• Holtzbrinck Ventures
• Venture