Companies · Other Technology

Liqid Inc.

Wesminster · Other Technology

Diligence memoA one-page analyst read on Liqid Inc. — recommendation, valuation, rhythm, risks.
$131.7M
Total raised · real
8
Rounds
0.0×
Latest step-up
Top 3%
Sector rank · raised
Series C
Latest stage · inferred · Wed Sep 24 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Liqid Inc. looks under-valued against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.01× the median modeled value of Series C Other Technology companies in 2025–2027 (92 peers) — value vs value, same stage and era.
Active
  • Last raise 9 mo ago; this sector typically re-raises about every 13 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other Technology

Liqid Inc. is one of 21292 Other Technology companies tracked from Wesminster. By capital raised it ranks among the largest (ahead of 98% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2025-09-24
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$500M$1.0B$1.5B$2.0BSeed · 2014-08-08 Raised $2.3M (real) Modeled valuation $79M (est)Seed2014Seed · 2015-04-23 Raised $1.9M (real) Modeled valuation $63M (est)Seed2015Series A · 2017-02-13 Raised $5.8M (real) Modeled valuation $160M (est)Series A2017Series A · 2018-11-20 Raised $7.5M (real) Modeled valuation $207M (est)Series A2018Series A · 2019-08-15 Raised $12M (real) Modeled valuation $341M (est)Series A2019Series C · 2021-09-15 Raised $79M (real) Modeled valuation $1.7B (est)Series C2021Series B · 2021-09-15 Raised $30M (real) Modeled valuation $593M (est)Series B2021Series C · 2024-10-11 Raised $22M (real) Modeled valuation $191M (est)Series C2024Series C · 2025-09-24 Raised $750K (real) Modeled valuation $4.8M (est)Series C2025+$1.9M+$5.8M+$7.5M+$12M+$79M+$30M+$22M+$750KCumulative $161M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$2.3M · 2014
Seed extension$1.9M · 2015
Series A$5.8M · 2017
Series A extension$7.5M · 2018
Series A extension$12.3M · 2019
Series C$79.0M · 2021no Series B on file
Bridge · Series C-stage$29.8M · 2021smaller follow-on
Series C extension$22.3M · 2024
Series C extension$750K · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 80%.

Modeled valuation trajectory
$4.8M
Base estimate est.
$2.8M
Conservative case
$6.2M
Upside case
$5.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Seed · modeled $79.2M · 2014-08-082014Seed · modeled $63.0M · 2015-04-23Series A · modeled $159.5M · 2017-02-13Series A · modeled $207.3M · 2018-11-20Series A · modeled $341.2M · 2019-08-15Series C · modeled $1.7B · 2021-09-15Series B · modeled $593.1M · 2021-09-15Series C · modeled $191.0M · 2024-10-11Series C · modeled $4.8M · 2025-09-242025
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
76%
Survival probability
57% low · 88% high
1.35×/yr
Annual markup
1.55×/yr upside case
0.8 yr
Elapsed time used
0.8 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
17 mo
Avg between rounds
$11.8M/yr
Capital velocity
11.9 yr
On record since
2014
First round
9
Rounds on file
How it compares to the market

Benchmarked against 21292 companies in Other Technology. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 41× above median
This company$131.7M
Sector median$3.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.0× of median
This company$750K
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$4.8M
Sector median$37.3M

Raised more than 98% of sector peers (real $). Modeled value above 13% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #89 of 92.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)TensorWave Inc. · Series C Raised $100.0M · modeled $739.8M (est)Mobile Money Americas Corp. · Series C Raised $175.0M · modeled $674.1M (est)Framer, Inc. · Series C Raised $162.1M · modeled $665.8M (est)Sanity, Inc. · Series C Raised $174.3M · modeled $640.2M (est)Celero Communications, Inc. · Series C Raised $138.4M · modeled $627.1M (est)Colors4Kids (01-50) LLC · Series C Raised $90.0M · modeled $624.1M (est)PDW Holdings, Inc. · Series C Raised $124.1M · modeled $608.3M (est)Vivodyne, Inc. · Series C Raised $79.7M · modeled $606.1M (est)Project Applecart LLC · Series C Raised $118.3M · modeled $602.6M (est)Cambium Biomaterials, Inc. · Series C Raised $119.7M · modeled $579.7M (est)Vumedi, Inc. · Series C Raised $82.1M · modeled $574.3M (est)Auterion Group Inc. · Series C Raised $87.7M · modeled $567.1M (est)Liqid Inc. (this company) Raised $131.7M · modeled $4.8M (est)Liqid Inc.
CompanyStageRaised · realValue · estvs peer med.
TensorWave Inc.Series C$100.0M$739.8M2.22×
Mobile Money Americas Corp.Series C$175.0M$674.1M2.02×
Framer, Inc.Series C$162.1M$665.8M1.99×
Sanity, Inc.Series C$174.3M$640.2M1.92×
Celero Communications, Inc.Series C$138.4M$627.1M1.88×
Colors4Kids (01-50) LLCSeries C$90.0M$624.1M1.87×
PDW Holdings, Inc.Series C$124.1M$608.3M1.82×
Vivodyne, Inc.Series C$79.7M$606.1M1.81×
Project Applecart LLCSeries C$118.3M$602.6M1.80×
Cambium Biomaterials, Inc.Series C$119.7M$579.7M1.74×
Vumedi, Inc.Series C$82.1M$574.3M1.72×
Auterion Group Inc.Series C$87.7M$567.1M1.70×
Liqid Inc. this companySeries C$131.7M$4.8M0.01×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$2.3M2014-08-08$11.6M$79.2M85%
Seed$1.9M2015-04-23$9.3M$63.0M85%
Series A$5.8M2017-02-13$26.1M$159.5M90%
Series A$7.5M2018-11-20$34.0M$207.3M90%
Series A$12.3M2019-08-15$55.9M$341.2M90%
Series C$79.0M2021-09-15$526.7M$1.7B90%
Series B$29.8M2021-09-15$165.4M$593.1M90%
Series C$22.3M2024-10-11$148.4M$191.0M90%
Series C$750K2025-09-24$5.0M$4.8M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$2.3M2014-08-08
    • First recorded raise — entered as Seed.
    • 5 investors on this round.
  2. Seed$1.9M2015-04-23
    • Raised 8 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  3. Series A$5.8M2017-02-13
    • Raised again after 22 mo — slower than the ~13 mo sector norm.
    • Round 3.1× larger than the prior — scaling up.
    • 4 investors on this round.
  4. Series A$7.5M2018-11-20
    • Raised again after 21 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  5. Series A$12.3M2019-08-15
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 3 investors on this round.
  6. Series C$79.0M2021-09-15
    • Raised again after 25 mo — slower than the ~13 mo sector norm.
    • Round 6.4× larger than the prior — scaling up.
    • 17 investors on this round.
  7. Series B$29.8M2021-09-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.7× smaller than the prior — bridge or down round.
    • 10 investors on this round.
  8. Series C$22.3M2024-10-11
    • Raised again after 37 mo — slower than the ~13 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  9. Series C$750K2025-09-24
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 29.7× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2027 ~Q1
Modeled next raise · ~17mo cadence
$750K
Modeled next size est.range $750K$1.2M
0.0×
Last step-up
$11.8M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Ryan Pollock6 other2018-11
Stephen George6 other2019-08
Edgar Masri3 other2024-10
Michael Raam2 other2017-02
Ashish Michael Puri2021-09
Ashish Puri2024-10
Bryan Schramm2014-08
Farbod Michael Raam2021-09
Farbod Michael Ramm2015-04
Jason Breakstone2014-08
Jim Antes2024-10
Marty Friedman2018-11
Marty Michael Friedman2021-09
Ryan Michael Pollock2021-09
Stephen Michael George2021-09
Sumit Puri2018-11
Tom Juracek2018-11
Tom Michael Juracek2021-09
Registry & provenance

Liqid Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1620971
SEC CIK
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Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

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Marqii, Inc.Other TechnologySeries A$29.7M89%
GoQii Inc.Other TechnologySeries B$327.6M88%
Lisi Global, Inc.Other TechnologySeed$55.8M88%
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Frequently asked
How much funding has Liqid Inc. raised?
Liqid Inc. has raised approximately $131.7M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is Liqid Inc.'s estimated valuation?
Provath's modeled valuation for Liqid Inc. is approximately $4.8M (modeled range $2.8M–$6.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Liqid Inc. at?
Liqid Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Wed Sep 24.
What does Liqid Inc. do and where is it based?
Liqid Inc. operates in the Other Technology sector, based in Wesminster.
Explore related

See where Liqid Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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