Liqid, a Germany-based finance management platform that counts financial services firm Berliner Volksbank as an investor, completed a €33m ($38.8m) series C round on Wednesday led by investment firm Toscafund Asset Management.
Toscafund, which invested through its Tosca Private Investments Fund (TPIF) unit, was joined by family office HQ Trust and venture capital firms Project A and DvH Ventures.
Founded in 2015, Liqid has created a digital wealth management platform focused on clients with at least €100,000 in investible assets. It combines traditional services with access to alternative investments in partnership with HQ Trust, using technology to assess potential returns.
Christian Schneider-Sickert, co-founder and chief executive of Liqid, said: “With active help from TPIF, we look forward to expanding both our technology platform and the range of services offered in Germany and beyond.”
Project A, HQ Trust, and DvH Ventures had previously joined Berliner Volksbank’s corporate venturing vehicle, Berliner Volksbank Ventures, for Liqid’s $4.8m series B round in March 2017.
DvH Ventures had previously supplied an undisclosed amount of funding for Liqid the year before, and the company’s earlier investors include media investment and consulting firm Michael Grabner. Rothschild & Co advised Liqid on the latest deal while Herax Partners did the same for TPIF.
