LIQID, a digital asset manager, has raised €33m in a round of funding led by Tosca Private Investments Fund.
Other contributions to the round came from Project A, HQ Trust and Dieter von Holtzbrinck Ventures.
Following the investment, Tosca will become a significant shareholder in the company.
Founded in 2016, the Berlin-based company is a digital wealth manager which provides clients access to various investment strategies and asset classes such as private equity. Clients are able to make minimum investment of €100,000.
The platform offers a range of strategies, such as LIQID Global, which creates a diversified passive strategy implemented with ETFs. While its LIQID Global Impact invests via a series of environmental, social and governance guidelines.
Through this investment, LIQID will further the development if its technology platform and move into new international markets.
Toscafund partner George Koulouris said, “We see strong growth prospects throughout Europe for wealthy private clients. LIQID’s award-winning platform clearly stands out from the competition thanks to its unique combination of technology, professional investment strategies and human competence.
“From our point of view, LIQID is ideally tailored to the needs of wealthy customers. The business model is highly scalable and has great potential across the European market.”
Last year, Tosca took part in the £154m funding round of UK-based challenger bank OakNorth. The bank raised the money to support the launch of its ACORN platform which offers data about SMEs from around the world.
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