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 Aerospace

AstroForge

Series A in 2024
AstroForge is a pioneering space mining company specializing in asteroid extraction. Its innovative process involves breaking up asteroids, refining them, and returning only the valuable minerals like gold, leaving behind waste materials to minimize payload return to Earth.

H3X Technologies

Series A in 2024
H3X Technologies designs and manufactures high-power density electric propulsion systems for aviation and urban air mobility. Its propulsion unit integrates the electric motor and inverter into a single compact module, delivering lightweight, high-performance propulsion suitable for retrofit into existing aircraft designs. The company's systems are geared toward decarbonizing aviation and enabling sustainable flight, with applications also cited in marine and heavy industrial use. Founded in 2020 by Jason Sylvestre, Eric Maciolek, and Max Liben, H3X focuses on advancing electric propulsion to support safer, cleaner aerospace and related sectors.

Interlune

Seed Round in 2024
Interlune is a lunar resource startup focused on the extraction of natural resources from space to support sustainable economic development both on Earth and in space. The company specializes in the commercialization of these resources, employing innovative machinery and techniques to detect and extract valuable materials. Among its targets are rare resources, including Helium-3, which are sought after by various clients and governments. Through its efforts, Interlune aims to contribute to a clean and sustainable economy by tapping into space resources that can benefit humanity.

Stralis Aircraft

Pre Seed Round in 2023
Founded in 2021, Stralis Aircraft aims to decarbonize air travel and enhance passenger experience. The company focuses on developing hydrogen-electric aircraft, believing this technology offers a clean, lightweight, and cost-effective solution for sustainable flight.

Chaos Industries

Series A in 2023
Chaos Industries is a technology company focused on defense and critical industries, developing advanced sensing, detection, and communication capabilities. It leverages Coherent Distributed Networks to enhance sensing, detection, and communication across platforms and emphasizes time synchronization to enable highly mobile, scalable, and cost-efficient systems. The company delivers integrated, software-defined solutions for defense, government, and industrial applications in challenging environments.

Quindar

Seed Round in 2023
Quindar is a provider of a cloud-based platform designed specifically for spacecraft analysis and operations. The company offers a comprehensive suite of services that includes satellite mission management, engineering analytics, and integration. Its platform enables satellite owners to monitor, track, and operate their satellites efficiently, covering aspects from deployment into space to ongoing management. Key features of Quindar's offerings include spacecraft schedule optimization, orbit determination, and collision avoidance services, facilitating streamlined operations for satellite missions. By serving as a one-stop shop in the cloud, Quindar enhances the effectiveness and safety of satellite deployments and operations.

Natilus

Venture Round in 2022
Natilus Inc. is a California-based company that specializes in manufacturing aircraft drones for freight forwarding. Founded in 2016 by Aleksey Matyushev and Anatoly Starikov, the company aims to transform the air cargo industry through innovative designs and advanced technology. With a team of engineering experts who have extensive experience in various aviation sectors, Natilus seeks to reduce air freight costs and improve accessibility for underdeveloped areas, ultimately enhancing global supply chain efficiency and sustainability. Its aircraft, including the Kona short-haul UAV, Alisio medium/long-range UAV, and Nordes long-range UAV, are constructed from carbon fiber composites and utilize existing ground infrastructure and standard air cargo containers. This design allows for remote piloting capabilities and positions Natilus to capitalize on a significant market opportunity, projecting an expansion of the air freight sector to $470 billion through cost reductions and increased efficiency.

Airhart Aeronautics

Venture Round in 2022
Airhart Aeronautics, founded in 2022, specializes in the development of semi-autonomous airplanes designed to enhance the flying experience for pilots. By utilizing advanced fault-tolerant fly-by-wire control technology, Airhart streamlines all phases of flight, ensuring that operations are both safe and intuitive. The company's comprehensive testing processes are integrated into the design from the beginning, prioritizing flight safety. Airhart aims to personalize the flying experience, allowing pilots to focus on navigation while the aircraft manages the complexities of flight. Through its innovative approach, Airhart seeks to redefine the perception of small aircraft, making flying more accessible and enjoyable for a broader audience.

Albedo

Series A in 2022
Albedo designs and manufactures aviation and aerospace components and operates a constellation of low-flying satellites that capture high-resolution visible and thermal imagery. Its Earth observation technology serves commercial applications such as environmental monitoring and precision agriculture by delivering globally accessible, affordable imagery that is easy to task and applicable across industries.

Quindar

Pre Seed Round in 2022
Quindar is a provider of a cloud-based platform designed specifically for spacecraft analysis and operations. The company offers a comprehensive suite of services that includes satellite mission management, engineering analytics, and integration. Its platform enables satellite owners to monitor, track, and operate their satellites efficiently, covering aspects from deployment into space to ongoing management. Key features of Quindar's offerings include spacecraft schedule optimization, orbit determination, and collision avoidance services, facilitating streamlined operations for satellite missions. By serving as a one-stop shop in the cloud, Quindar enhances the effectiveness and safety of satellite deployments and operations.

Interlune

Seed Round in 2022
Interlune is a lunar resource startup focused on the extraction of natural resources from space to support sustainable economic development both on Earth and in space. The company specializes in the commercialization of these resources, employing innovative machinery and techniques to detect and extract valuable materials. Among its targets are rare resources, including Helium-3, which are sought after by various clients and governments. Through its efforts, Interlune aims to contribute to a clean and sustainable economy by tapping into space resources that can benefit humanity.

CogBase

Seed Round in 2022
CogBase is a marketplace that specializes in advanced supply chain solutions across high-tech sectors such as robotics, drones, aerospace, energy, and medical devices. The company has developed an internet platform that facilitates collaboration between manufacturers and buyers, enabling them to streamline the product request process. By focusing on enhancing capabilities rather than competing solely on cost, CogBase empowers manufacturers to differentiate their businesses and strengthen supply chains within these innovative industries. The platform supports effective two-way communication, fostering improved relationships between suppliers and customers.

AstroForge

Seed Round in 2022
AstroForge is a pioneering space mining company specializing in asteroid extraction. Its innovative process involves breaking up asteroids, refining them, and returning only the valuable minerals like gold, leaving behind waste materials to minimize payload return to Earth.

Array Labs

Pre Seed Round in 2022
Founded in 2021, Array Labs is a Los Angeles-based technology company specializing in advanced remote sensing. It develops clusters of radar satellites to capture high-quality, synchronous 3D imagery of Earth, enhancing image resolution by over 60x compared to conventional methods. This enables diverse industries such as autonomy, defense, climate monitoring, and environmental management to access affordable, high-resolution data for various applications.

Wyvern

Seed Round in 2022
Wyvern operates space satellites equipped with hyperspectral sensors, capturing high-resolution imagery across multiple spectral bands. This enables diverse applications such as agriculture monitoring, forestry management, environmental assessment, and geospatial intelligence.

Stoke Space

Series A in 2021
Stoke Space is a company dedicated to developing a fully reusable medium-lift rocket known as Nova, which aims to provide cost-effective and sustainable access to space. The company focuses on creating rockets that deliver satellites in a manner that is low-cost, on-demand, and capable of daily flights. By emphasizing environmental stewardship, Stoke Space seeks to significantly reduce atmospheric impact and facilitate dynamic space operations. With its vertically integrated design and manufacturing capabilities, the company is positioned to accelerate the growth of the space economy while promoting sustainable practices in the aerospace industry.

Inversion

Seed Round in 2021
Inversion specializes in developing affordable, reusable spacecraft designed for commercial and defense industries. Their primary focus is creating autonomous re-entry vehicles to facilitate global cargo delivery, space station resupply, and resource return, aiming to make space exploration more accessible and sustainable.

HEO

Seed Round in 2021
HEO is a space research and technology and non-earth imaging service provider.

SpaceRyde

Seed Round in 2021
SpaceRyde, formerly known as Loonify Space, is a company focused on providing innovative launch solutions for small satellites. It utilizes a unique approach where a high-performing ultra-light rocket is carried by a balloon to the edge of the atmosphere before being launched into Low Earth Orbit. This method serves as a taxi service for satellites, offering on-demand access to space. In addition to satellite launch services, SpaceRyde's platform also includes capabilities for fuel and tool delivery to space tugs, as well as the option for customers to purchase an entire rocket along with its payload capacity. This comprehensive approach enables clients to efficiently deploy their satellites without the need for ride-sharing arrangements, thereby streamlining the process of accessing space.

Starfish Space

Seed Round in 2021
Founded in 2019, Starfish Space develops autonomous space tugs for on-demand satellite servicing. Its innovative technology combines orbital mechanics, AI-driven machine vision, and low-thrust electric propulsion to enable precise navigation, docking, and maintenance of satellites across various orbits.

Alba Orbital

Seed Round in 2021
Alba Orbital specializes in the design and development of small commercial satellite platforms, particularly pico-satellites weighing less than 1 kg. By focusing on cost-effective solutions, Alba Orbital aims to democratize access to space, significantly reducing the expenses associated with satellite construction and launch compared to traditional CubeSats, which often cost six figures. Their innovative pico-satellites provide rapid Earth observation capabilities, delivering data at minute intervals rather than the hours or days typical of conventional satellites. As leaders in this niche market, Alba Orbital maintains close partnerships with organizations such as the European Space Agency, contributing to research and advancements in satellite technology.

Albedo

Seed Round in 2021
Albedo designs and manufactures aviation and aerospace components and operates a constellation of low-flying satellites that capture high-resolution visible and thermal imagery. Its Earth observation technology serves commercial applications such as environmental monitoring and precision agriculture by delivering globally accessible, affordable imagery that is easy to task and applicable across industries.

H3X Technologies

Seed Round in 2021
H3X Technologies designs and manufactures high-power density electric propulsion systems for aviation and urban air mobility. Its propulsion unit integrates the electric motor and inverter into a single compact module, delivering lightweight, high-performance propulsion suitable for retrofit into existing aircraft designs. The company's systems are geared toward decarbonizing aviation and enabling sustainable flight, with applications also cited in marine and heavy industrial use. Founded in 2020 by Jason Sylvestre, Eric Maciolek, and Max Liben, H3X focuses on advancing electric propulsion to support safer, cleaner aerospace and related sectors.

Alba Orbital

Pre Seed Round in 2021
Alba Orbital specializes in the design and development of small commercial satellite platforms, particularly pico-satellites weighing less than 1 kg. By focusing on cost-effective solutions, Alba Orbital aims to democratize access to space, significantly reducing the expenses associated with satellite construction and launch compared to traditional CubeSats, which often cost six figures. Their innovative pico-satellites provide rapid Earth observation capabilities, delivering data at minute intervals rather than the hours or days typical of conventional satellites. As leaders in this niche market, Alba Orbital maintains close partnerships with organizations such as the European Space Agency, contributing to research and advancements in satellite technology.

Albedo

Pre Seed Round in 2021
Albedo designs and manufactures aviation and aerospace components and operates a constellation of low-flying satellites that capture high-resolution visible and thermal imagery. Its Earth observation technology serves commercial applications such as environmental monitoring and precision agriculture by delivering globally accessible, affordable imagery that is easy to task and applicable across industries.

Inversion

Pre Seed Round in 2021
Inversion specializes in developing affordable, reusable spacecraft designed for commercial and defense industries. Their primary focus is creating autonomous re-entry vehicles to facilitate global cargo delivery, space station resupply, and resource return, aiming to make space exploration more accessible and sustainable.

Stoke Space

Seed Round in 2021
Stoke Space is a company dedicated to developing a fully reusable medium-lift rocket known as Nova, which aims to provide cost-effective and sustainable access to space. The company focuses on creating rockets that deliver satellites in a manner that is low-cost, on-demand, and capable of daily flights. By emphasizing environmental stewardship, Stoke Space seeks to significantly reduce atmospheric impact and facilitate dynamic space operations. With its vertically integrated design and manufacturing capabilities, the company is positioned to accelerate the growth of the space economy while promoting sustainable practices in the aerospace industry.

Stoke Space

Pre Seed Round in 2020
Stoke Space is a company dedicated to developing a fully reusable medium-lift rocket known as Nova, which aims to provide cost-effective and sustainable access to space. The company focuses on creating rockets that deliver satellites in a manner that is low-cost, on-demand, and capable of daily flights. By emphasizing environmental stewardship, Stoke Space seeks to significantly reduce atmospheric impact and facilitate dynamic space operations. With its vertically integrated design and manufacturing capabilities, the company is positioned to accelerate the growth of the space economy while promoting sustainable practices in the aerospace industry.

Momentus

Series A in 2019
Momentus offers in-space infrastructure services, including transportation for satellites between orbits, hosted payloads, and in-orbit services. Founded in 2017, the company is based in Santa Clara, California.

Farcast

Seed Round in 2019
We build advanced satcom terminals

Momentus

Seed Round in 2018
Momentus offers in-space infrastructure services, including transportation for satellites between orbits, hosted payloads, and in-orbit services. Founded in 2017, the company is based in Santa Clara, California.

Natilus

Seed Round in 2017
Natilus Inc. is a California-based company that specializes in manufacturing aircraft drones for freight forwarding. Founded in 2016 by Aleksey Matyushev and Anatoly Starikov, the company aims to transform the air cargo industry through innovative designs and advanced technology. With a team of engineering experts who have extensive experience in various aviation sectors, Natilus seeks to reduce air freight costs and improve accessibility for underdeveloped areas, ultimately enhancing global supply chain efficiency and sustainability. Its aircraft, including the Kona short-haul UAV, Alisio medium/long-range UAV, and Nordes long-range UAV, are constructed from carbon fiber composites and utilize existing ground infrastructure and standard air cargo containers. This design allows for remote piloting capabilities and positions Natilus to capitalize on a significant market opportunity, projecting an expansion of the air freight sector to $470 billion through cost reductions and increased efficiency.

Skyways

Pre Seed Round in 2017
Founded in 2017, Skyways is a Texas-based company developing advanced unmanned aerial systems. They specialize in vertical take-off and landing (VTOL) drones for cargo transportation, with a payload capacity of up to 45 pounds. Their focus lies in creating autonomous delivery drones equipped with software and AI technology for full autonomy and large-scale fleet operations.

Anduril Industries

Seed Round in 2017
Anduril Industries is a defense technology company that designs, develops, and deploys hardware and software to address national security challenges for the United States and its allies. It offers the Lattice Platform, an AI-based system that fuses real-time data from computer vision, machine learning, and mesh networking into a single autonomous operating picture; Sentry Tower, which integrates data across the electromagnetic spectrum; Ghost sUAS, an unmanned autonomous, man-portable drone capable of performing missions with limited human intervention; and Anvil sUAS, a precision kinetic intercept that autonomously navigates to counter potential drone threats with visual verification by a human operator. Founded in 2017, Anduril is based in Irvine, California, with additional offices in Orange County, California; Washington, D.C.; and Seattle, Washington.

Skyways

Seed Round in 2017
Founded in 2017, Skyways is a Texas-based company developing advanced unmanned aerial systems. They specialize in vertical take-off and landing (VTOL) drones for cargo transportation, with a payload capacity of up to 45 pounds. Their focus lies in creating autonomous delivery drones equipped with software and AI technology for full autonomy and large-scale fleet operations.

Volansi

Seed Round in 2017
Volansi, Inc. is a logistics and transportation company specializing in the manufacture of heavy-payload drones designed for commercial, defense, and humanitarian use. Founded in 2015 and headquartered in Concord, California, Volansi develops autonomous aerial delivery systems that enable time-critical shipments over long distances. The company's unmanned aerial vehicles are utilized across various industries, including construction, oil and gas, mining, and healthcare, providing on-demand and point-to-point delivery solutions. By focusing on fixed routes, Volansi addresses specific logistical challenges related to time and cost, enhancing the efficiency of goods delivery for enterprise customers.
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