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Series D for Euro 88 million: Project A participates in LIQID financing round

Photo: Chris­tian Schnei­der-Sickert, CEO and co-foun­der of LIQID
20. July 2021

Berlin — Early-stage inves­tor and opera­tio­nal VC Project A was part of the Series D finan­cing round of Europe’s leading digi­tal wealth mana­ger for private clients LIQID . The round is worth €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. Upon comple­tion of the round, LGT will be LIQID’s largest inves­tor along­side Tosca­fund Asset Manage­ment of London. Benja­min Ullrich, Martin Scha­per and Martyna Sabat of YPOG provi­ded compre­hen­sive legal advice to VC Project A.

Co-foun­­ded by Chris­tian Schnei­­der-Sickert, CEO (photo), Berlin-based LIQID offers sophisti­ca­ted private clients digi­tal access to invest­ment stra­te­gies and oppor­tu­ni­ties previously available only 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.

Consultant:inside Project A: YPOG
Dr. Benja­min Ullrich (lead), Part­ner, Dr. Martin Scha­per (co-lead), Partner
Dr. Martyna Sabat, Senior Associate.

About YPOG
YPOG is a specia­list tax and commer­cial law firm, opera­ting in the core areas of corpo­rate, funds, liti­ga­tion, tax, tran­sac­tions and nota­rial services. The YPOG team advi­ses a wide variety of clients. These include emer­ging tech­no­logy compa­nies and family-run medium-sized enter­pri­ses as well as corpo­ra­ti­ons and private equity/venture capi­tal funds. Since its foun­da­tion in 2017, the firm has become one of the leading addres­ses for venture capi­tal, private equity and fund struc­tu­ring in Germany. The firm and its part­ners are natio­nally and inter­na­tio­nally ranked by JUVE, Best Lawy­ers, Legal 500, Focus, and Cham­bers and Part­ners. Today, YPOG employs more than 70 expe­ri­en­ced lawy­ers, tax advi­sors, tax specia­lists and a notary in three offices in Berlin, Hamburg and Colo­gne. Further infor­ma­tion: www.ypog.law

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