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Project A's portfolio company LIQID raises Series D financing round

Berlin – Benjamin Ullrich, Martin Schaper and Martyna Sabat of YPOG provided comprehensive legal advice to early-stage investor and operating VC Project A in connection with the Series D funding round of Europe's leading digital wealth manager for private clients LIQID. The round has a volume of €88 million and was led by LGT, one of the world's largest family-owned private banking and asset management groups. 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.

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 says it 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.

 

Berater:innen Project A: 

Dr. Benjamin Ullrich (Lead), Partner
Dr. Martin Schaper (Co-Lead), Partner
Dr. Martyna Sabat, Senior Associate



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YPOG is a boutique law firm for tax and business law which is active in the core fields of Tax, Funds, Corporate, Litigation, Transactions, IT/IP and notarial services. The Team at YPOG represents a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations as well as private equity and venture capital funds. YPOG has become one of the leading players for venture capital, private equity and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus and Chambers and Partners. Today, YPOG has more than 70 experienced lawyers and tax specialists and a notary, in three offices in Berlin, Hamburg and Cologne. More information about YPOG: www.ypog.law and www.linkedin.com/company/ypog.