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Since 2019, Liquid 2 Ventures has backed 4 African startups across 5 disclosed funding rounds totaling $23.3M, most heavily in Nigeria and Fintech.
Liquid 2 Ventures is an early stage venture capital firm based in the San Francisco Bay Area, focused on technology startups at the seed stage. The firm was founded in 2015 by Joe Montana, Michael Ma, and Mike Miller and invests in software driven companies. In Africa, Liquid 2 Ventures has participated in multiple early stage funding rounds for technology companies, primarily at the seed stage with select exposure at Series A. Based on disclosed investments, the firm has backed Amenli in Egypt, and Prospa, Obtainly, and Chipper Cash in Nigeria, with a combined investment of 23.3 million dollars across five rounds between May 2019 and October 2021. These investments highlight a particular focus on fintech, with four fintech deals, along with one insurtech investment through Amenli. Within its African activity, Liquid 2 Ventures has frequently co invested alongside established early stage firms and angel investors. Co investors have included Global Founders Capital, Deciens Capital, 500 Global, and others, reflecting the firm’s collaborative approach to supporting high growth African technology companies in financial services and insurance related sectors.
Data updated · Aug 31, 2026
Liquid 2 Ventures has backed 4 African startups across 5 disclosed funding rounds tracked on Liners, totaling $23.3M since 2019.
Mostly Seed: 4 of its 5 tracked rounds are at that stage, followed by Series A (1).
Companies Liquid 2 Ventures has backed operate in Nigeria (4), Botswana (2), Côte d'Ivoire (2), and 12 more markets. Each figure counts the rounds behind companies serving that market, so a company operating in several markets counts in each of them.
Liquid 2 Ventures most often shares rounds with Global Founders Capital (2 shared deals), Deciens Capital (2 shared deals), 500 Global (2 shared deals).
Liquid 2 Ventures is an early stage venture capital firm based in the San Francisco Bay Area. It focuses on providing seed stage funding to technology startups and was founded in 2015 by Joe Montana, Michael Ma, and Mike Miller.
Based on available investment data, Liquid 2 Ventures has backed Amenli in Egypt and Prospa, Obtainly, and Chipper Cash in Nigeria. Across these five African funding rounds, the firm has invested a total of 23.3 million dollars.