Liquid 2 Ventures

Founded in 2015, Liquid 2 Ventures is a venture capital firm based in San Francisco, California. It specializes in seed-stage investments for technology startups.

Michael Ma

General Partner

Joe Montana

Managing Partner

Nathaniel Montana

General Partner

Elizabeth Montana-Luciano

Director of Operations

Matthew Mulvey

Partner

Past deals in Mexico

Amiloz

Pre Seed Round in 2022
Amiloz is a B2B marketplace that supplies CPG inventory to local corner shops. Amiloz was founded in 2021 and was headquartered in Iztapalapa, Mexico.

ContaLink

Seed Round in 2022
ContaLink is a Mexican SaaS company that empowers accountants with an online platform to automate their work and better serve clients.

Konta

Seed Round in 2022
Konta is an online accounting service based in Monterrey, Mexico, focused on assisting micro and small businesses. Founded in September 2019 by José Menéndez and Pablo Icaza, Konta aims to simplify business operations for freelancers and small entrepreneurs through a cost-effective and automated platform. The service enables users to generate invoices, maintain accounting records, and supports electronic tax filing, facilitating efficient financial management. By providing these tools, Konta helps small businesses navigate their accounting needs more easily.

Apprecio

Pre Seed Round in 2022
Apprecio is a Mexico-based company that provides an inventory management platform for independent convenience stores. Launched in 2021, it serves over 50,000 businesses, offering insights on pricing, promotions, and sales execution to enhance revenue.

Finnu

Convertible Note in 2021
Finnu México, S.A.P.I. de C.V. is a financial technology company that develops a mobile application enabling users to access affordable personal loans through their smartphones. Founded in 2019 and headquartered in Mexico City, with an additional location in Barcelona, the company targets the unbanked adult population by offering short-term cash loans secured against personal assets. Users are provided with a Finnu-labeled payment card, allowing them to engage in the digital economy without the need for a credit history. While Finnu operates in both Europe and Asia, its primary focus is on the Latin American market.

Konta

Seed Round in 2021
Konta is an online accounting service based in Monterrey, Mexico, focused on assisting micro and small businesses. Founded in September 2019 by José Menéndez and Pablo Icaza, Konta aims to simplify business operations for freelancers and small entrepreneurs through a cost-effective and automated platform. The service enables users to generate invoices, maintain accounting records, and supports electronic tax filing, facilitating efficient financial management. By providing these tools, Konta helps small businesses navigate their accounting needs more easily.

Kodda

Pre Seed Round in 2021
Kodda is a Mexican startup based in Monterrey, Nuevo Leon, founded in 2020. The company specializes in developing a wellness application aimed at promoting long-term healthy lifestyles by encouraging the formation of sustainable habits. Kodda's app provides users with tips on the benefits of a healthy lifestyle, along with recommendations for products, exercises, and habits to improve energy levels, sleep quality, and stress management. By focusing on habit formation, Kodda seeks to motivate individuals to adopt and maintain good habits effortlessly over time.

Konta

Pre Seed Round in 2021
Konta is an online accounting service based in Monterrey, Mexico, focused on assisting micro and small businesses. Founded in September 2019 by José Menéndez and Pablo Icaza, Konta aims to simplify business operations for freelancers and small entrepreneurs through a cost-effective and automated platform. The service enables users to generate invoices, maintain accounting records, and supports electronic tax filing, facilitating efficient financial management. By providing these tools, Konta helps small businesses navigate their accounting needs more easily.

ContaLink

Venture Round in 2021
ContaLink is a Mexican SaaS company that empowers accountants with an online platform to automate their work and better serve clients.

Ancana

Seed Round in 2021
Ancana is a proptech company that facilitates fractional ownership of vacation homes worldwide. It partners with developers to offer managed properties, handling complexities while users enjoy seamless scheduling.

Casai

Series A in 2020
Casai is a startup in Latin America, merging smart home technology, and premium accommodation to innovate the hospitality industry. It is a real estate platform for fully-furnished premium apartments in Mexico City and is a hospitality concept designed for the nomadic generation. Casai curates beautiful apartments that merge the design and comforts of a boutique hotel with the technology of a San Francisco home and the local ambiance of a vacation rental.

BeGo

Seed Round in 2020
BeGo is a company focused on enhancing the trade dynamics between the United States and Mexico through its innovative marketplace platform. It has developed a fleet management application that assists businesses in tracking the status of their merchandise. This application allows users to find, quote, and book transport fleets while providing real-time updates on the location and status of goods. By offering automatic notifications for key milestones, such as when merchandise is picked up or arrives at its destination, BeGo aims to streamline logistics and improve the efficiency of cross-border trade.

BeGo

Seed Round in 2020
BeGo is a company focused on enhancing the trade dynamics between the United States and Mexico through its innovative marketplace platform. It has developed a fleet management application that assists businesses in tracking the status of their merchandise. This application allows users to find, quote, and book transport fleets while providing real-time updates on the location and status of goods. By offering automatic notifications for key milestones, such as when merchandise is picked up or arrives at its destination, BeGo aims to streamline logistics and improve the efficiency of cross-border trade.

99 Minutos

Series A in 2020
99 minutos is a last-mile logistics disruptor for LatAm's burgeoning e-commerce space. The company enables enterprise e-commerce clients to reliably same-day deliver products at low cost - a first for the region. Currently operating in Mexico, Chile, Colombia, and Peru. The company was founded in 2014 by Alexis Patjane and is headquartered in Mexico City, Mexico.

Belvo

Pre Seed Round in 2020
Belvo is an open finance API platform founded in 2019 and headquartered in Mexico City. The company enables financial innovators to connect their users' accounts to various applications, facilitating the access and interpretation of financial data in a straightforward and scalable manner. Belvo's platform allows developers to gain insights into user behavior and manage financial transactions efficiently, thus helping businesses to streamline operations and create new revenue opportunities through a unified open finance solution.

Zubale

Seed Round in 2019
Zubale is a technology-driven company that serves as critical infrastructure for retailers in the e-commerce sector. It operates a marketplace that connects retailers with gig workers, facilitating efficient back-end operations and enhancing service quality through improved fill rates and timely deliveries. By leveraging a platform that allows businesses to crowdsource various digital tasks, Zubale enables independent workers to complete assignments and earn rewards. The company has achieved remarkable growth, completing over 3 million jobs across 90 cities and 16,800 stores in Mexico, Colombia, and Costa Rica, with plans to expand further across Latin America. Co-founders Allison Campbell and Sebastian Monroy bring extensive retail experience from their backgrounds at Walmart and Procter & Gamble, enhancing Zubale's capabilities in the region.

Flat.mx

Pre Seed Round in 2019
Flat.mx is the one-stop-shop for residential real estate in Mexico that simplifies the home-buying experience. They provide multiple products and services including home brokerage, a marketplace, and credit products.

Vitau

Seed Round in 2019
Vitau is an online pharmacy established in 2019 and headquartered in Mexico, specializing in a subscription model for patients with chronic diseases. The company offers a service that allows users to select and order necessary medications online, facilitating convenient monthly deliveries to their homes. Vitau supports patients by managing the insurance reimbursement process, ensuring they receive their medications promptly and efficiently. With a commitment to enhancing health and well-being, Vitau combines simple technology with a focus on excellent customer service to meet the needs of its users.

Mureni

Seed Round in 2019
Mureni is a healthcare startup based in Mexico City that serves dentists in Latin America by leveraging technology to increase revenue and optimize operations. The company operates in Mexico and Brazil and focuses on dental treatment solutions using three-dimensional scanning and printing technologies to offer metal-free crowns, veneers, and bridges more efficiently and at lower cost than traditional dental labs.

Zubale

Seed Round in 2019
Zubale is a technology-driven company that serves as critical infrastructure for retailers in the e-commerce sector. It operates a marketplace that connects retailers with gig workers, facilitating efficient back-end operations and enhancing service quality through improved fill rates and timely deliveries. By leveraging a platform that allows businesses to crowdsource various digital tasks, Zubale enables independent workers to complete assignments and earn rewards. The company has achieved remarkable growth, completing over 3 million jobs across 90 cities and 16,800 stores in Mexico, Colombia, and Costa Rica, with plans to expand further across Latin America. Co-founders Allison Campbell and Sebastian Monroy bring extensive retail experience from their backgrounds at Walmart and Procter & Gamble, enhancing Zubale's capabilities in the region.

Casai

Pre Seed Round in 2019
Casai is a startup in Latin America, merging smart home technology, and premium accommodation to innovate the hospitality industry. It is a real estate platform for fully-furnished premium apartments in Mexico City and is a hospitality concept designed for the nomadic generation. Casai curates beautiful apartments that merge the design and comforts of a boutique hotel with the technology of a San Francisco home and the local ambiance of a vacation rental.

Kovi

Pre Seed Round in 2019
Kovi is a digital car rental platform operating in Latin America, enabling mobility for ride-hailing and delivery drivers through an online on-demand service. It employs an asset-light model by partnering with automakers and traditional rental companies to offer flexible, affordable vehicle access. Founded in 2018 and based in São Paulo, Brazil, Kovi serves markets in Brazil and Mexico, advancing safer, more accessible transportation for millions of users.

Mudafy

Seed Round in 2019
Mudafy is a tech-enabled real estate broker serving Latin America, with a primary focus in Mexico. Founded in 2018 and based in Mexico City, it helps homeowners sell and rent their properties and supports buyers and renters in the process. The company operates a platform that connects users with registered professional brokers and a team of marketing and photography experts to create property portfolios and guide the sales process, aiming to improve the efficiency of buying, selling and renting properties.

Grin Scooter

Seed Round in 2018
Grin Scooters is a software company that manages a network of shared electric scooters and skates, aimed at providing a fun and eco-friendly mode of transportation. Currently operating in Mexico City, Guadalajara, Monterrey, Sao Paulo, and Bogota, Grin focuses on enhancing urban mobility while promoting environmental sustainability. The company is dedicated to connecting people through its electric mobility solutions, offering an alternative to traditional transportation methods and contributing to the reduction of pollution in urban areas. Grin has plans to expand its operations to additional cities across Latin America.
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