LIQID Announces EUR33 Million Financing Led by Tosca Private Investments Fund

Berlin/London (ots) - LIQID, one of the largest and
fastest-growing digital wealth managers in Europe, today announces a
EUR33 million "Series C" financing round led by Toscafund Asset
Management LLP, the London-based multi-asset alternative investment
management firm with over $4 billion of assets under management.
Existing investors, including Project A, HQ Trust and Dieter von
Holtzbrinck Ventures, also participated in the round.

Following the transaction, Toscafund, through Tosca Private
Investments Fund ("TPIF"), a new specialist vehicle targeting
small/mid-market private equity opportunities in the European
financial services sector, will become a significant shareholder in
the Berlin-based disrupter. The transaction - subject to customary
regulatory approvals - will be TPIF's first investment in Germany. It
ranks among the most substantial funding rounds in the country's
dynamic fintech space.

Established in 2016, LIQID sets out to level the playing field for
affluent private investors with investible assets over EUR100,000.
The company provides a digital alternative to traditional private
banks, offering discretionary wealth management and access to
alternative investment opportunities in partnership with HQ Trust,
the multi-family office of the Harald Quandt family. In less than two
years, LIQID has attracted close to EUR300 million in client assets.

"Along with our clients, our investors have been crucial in
helping us build LIQID so far, and we are pleased to have found such
a strong and internationally experienced partner in TPIF", Christian
Schneider-Sickert, CEO and co-founder of LIQID, said today. "With
active help from TPIF, we look forward to expanding both our
technology platform and the range of services offered in Germany and
beyond".

Fabrizio Cesario, Partner at Toscafund, commented: "We are
delighted to join the existing shareholders of LIQID, and to support
the team with our capital and specialist expertise in European
financial services. Building on Toscafund's longstanding track-record
in providing growth capital to successful entrepreneurs, this
transaction provides an excellent fit with TPIF's objective of
supporting companies benefiting from the rapid technological change
fundamentally disrupting the financial services sector".

"We believe there are strong growth prospects in wealth management
catering to affluent clients across Europe. LIQID's award-winning
product-offering has clearly differentiated itself by meeting the
needs of affluent clients with a combination of technology, a unique
product proposition and human expertise", added George Koulouris,
Partner at Toscafund. "The business model is highly scalable and has
great potential for the entire European market".

LIQID was advised by Rothschild & Co. TPIF was advised by Herax
Partners.

About LIQID

LIQID is an independent digital wealth manager that offers its
clients access to investment strategies, asset classes and terms that
were once the exclusive preserve of high-net-worth individuals.

The Berlin-based company works in close partnership with the
investment team of HQ Trust, the multi-family office of the Harald
Quandt family. On an intuitive digital platform, LIQID has
transformed wealth management into a user-friendly and transparent
contemporary experience.

LIQID provides a choice of discretionary investing styles,
tailored to individual client needs and based on a long-term
investment philosophy proven across several market cycles: LIQID
Global is a diversified passive strategy implemented with ETFs, while
LIQID Global Impact follows a set of stringent environmental, social
and governance (ESG) criteria. LIQID Select is an active strategy
combining ETFs, actively managed funds and derivatives for downside
protection. In addition, LIQID provides clients with cost-effective
access to leading private equity funds.

Since its launch in late 2016, LIQID has received numerous
industry accolades. In 2017, it was voted best late-stage FinTech at
the FinTech Germany Awards. The company's investment strategies were
ranked 'outstanding' by firstfive, an independent institute assessing
wealth manager and private bank performance, in both 2016 and 2017.
In 2018, LIQID was named 'Innovator of the Year' by brandeins
magazine and the data service Statista. It also took first place in
Capital magazine's robo advisor test and received the German Brand
Award for industry excellence in branding in banking and financial
services.

About Toscafund Asset Management

Toscafund Asset Management LLP is a London-based multi-asset
alternative investment management firm with over $4bn of assets under
management. The firm was founded in 2000 by Martin Hughes and has
firmly established itself as one of Europe's leading investors in the
financial services sector across both public and private markets.
Alongside Tosca, the global financials equity fund, the firm's other
funds include long only activist equity, UK small-cap equity, private
credit, and commercial property.

Toscafund has a long track record of supporting management teams
and providing growth capital to private companies. Notable private
investments in financial services companies include Aldermore Bank,
Hoist, Atom Bank, OakNorth and Esure.

TPIF, Toscafund's latest initiative, will target investments in
private small/mid-market European Financial and Business Services
companies. TPIF is led by Fabrizio Cesario and George Koulouris, who
joined Toscafund as partners in 2017, adding to the Firm's
substantial experience and track record in European financial
services and private equity investments. The investment into LIQID
marks the second investment of TPIF following the announced
investment in Plurimi Wealth.

Contact:
Ralf-Dieter Brunowsky
BrunoMedia GmbH
Phone +49 170 462 1440
brunowsky@brunomedia.de
www.brunomedia.de

Original-Content von: LIQID Investments GmbH, übermittelt durch news aktuell