LIQID’s € 88 Million Series D Financing Round

LIQID's € 88 Million Series D Financing Round

BMH BRÄUTIGAM has advised Berliner Volksbank Ventures on the deal. YPOG advised Project A. Milbank advised LGT on the deal.

LIQID, a European digital wealth manager for affluent private clients backed by Toscafund, has secured EUR 88 million in a funding round led by LGT, the global private banking and asset management group owned by the Princely House of Liechtenstein.

In addition to Project A, HQ Trust, the multi-family office of the Harald Quandt family, and Dieter von Holtzbrinck Ventures also participated in the financing round. With the completion of the round, LGT will be LIQID’s largest investor alongside London-based Toscafund Asset Management.

With LGT (a leading international private banking and asset management group owned by the Princely Family of Liechtenstein for over 90 years) as lead investor of the Series D, a strategic partner for the expansion and internationalisation of LIQID’s business was gained.

Berliner Volksbank Ventures is the corporate venture capital fund of the Berliner Volksbank. They accompany young, innovative companies in the implementation of their growth strategy. In doing so, they stand for stability, reliability, community and partnership at eye level. These values accompany them throughout the whole investment process and shape the cooperation with their portfolio companies.

Founded by Christian Schneider-Sickert, Berlin-based LIQID offers sophisticated private clients digital access to investment strategies and opportunities previously only available to high-net-worth and institutional investors for a fraction of the traditional minimum investment. This includes award-winning asset management as well as professionally curated portfolios of private equity, venture capital and real estate funds. Since 2018, LIQID has doubled client assets under management each year and currently manages over €1.4 billion. The Series D financing round is subject to regulatory approval and includes a secondary component.

The BMH BRÄUTIGAM team included Dr. Raoul Moritz Nissen (Picture) and Dr. Patrick Auerbach (all Venture Capital).

The YPOG team included Dr. Benjamin Ullrich (Lead, Partner), Dr. Martin Schaper (Co-Lead, Partner) and Dr. Martyna Sabat (Senior Associate).

The Milbank team was led by partner Martin Erhardt and included partner Peter Nussbaum, special counsels Michael Pujol (Corporate/M&A, Munich) and Merih Altay (Corporate/M&A, London) as well as the associates Johannes Rogge-Balleer, Josef Wittmann (both Corporate/M&A, Munich), Andreas Rief (Corporate/M&A, Frankfurt) and Odilo Wallner (Finance, Frankfurt).

Involved fees earner: Patrick Auerbach – BMH Bräutigam; Raoul Moritz Nissen – BMH Bräutigam; Merih Altay – Milbank LLP; Martin Erhardt – Milbank LLP; Peter Nussbaum – Milbank LLP; Michael Pujol – Milbank LLP; Andreas Rief – Milbank LLP; Johannes Rogge-Balleer – Milbank LLP; Odilo Wallner – Milbank LLP; Josef Wittmann – Milbank LLP; Martyna Sabat – YPOG; Martin Schaper – YPOG; Benjamin Ullrich – YPOG;

Law Firms: BMH Bräutigam; Milbank LLP; YPOG;

Clients: Berliner Volksbank; LGT Bank Liechtenstein; Project A Ventures GmbH & Co. KG;

Federica Tiefenthaler

Author: Federica Tiefenthaler