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