Liqid, a Germany-based digital wealth management platform backed by financial services firm Berliner Volksbank, received €88m ($104m) yesterday in a series D round led by asset management group LGT, which is owned by the Princely House of Liechtenstein.
The round includes a secondary component and will make LGT the largest shareholder in the company alongside investment firm Toscafund Asset Management.
Liqid provides its clients with digital asset and wealth management services, including private equity, venture capital and real estate investment opportunities. It currently manages more than $1.7bn in assets on behalf of its clients.
The company completed a $38.8m series C round in 2018 led by Toscafund Asset Management, which deployed capital from its Tosca Private Investments Fund (TPIF). HQ Trust, the family office of the Harald Quandt family, and VC firms Project A and Dieter von Holtzbrinck Ventures also contributed to the 2018 round.
Berliner Volksbank Ventures, the corporate venturing arm of Berliner Volksbank, backed Liqid in a $4.8m series B round in 2017 that also featured Project A, HQ Trust, and DvH Ventures, the latter having already provided it with an undisclosed amount of funding in 2016.
Jefferies International and V14 advised the company on its latest round, while LGT was advised by JP Morgan and Milbank.