Trading platform Liquid has closed an $18 million seed funding round. It was co-led by Neo and Left Lane Capital, with participation from Haun Ventures, K5 Global, SV Angel, AntiFund, and Sunflower Capital, in addition to existing investors Paradigm and General Catalyst.
Liquid is designed for traders who operate across multiple asset classes and seek to act on short-term opportunities. It consolidates trading into a single interface, available on iOS, Android, and desktop, allowing users to trade more than 500 markets spanning crypto, equities, commodities, FX, and pre-IPO assets in one place.
The investment thesis mirrors one of the most enduring patterns in financial services: the consumer interface captures disproportionate value relative to underlying infrastructure. Brokerages collectively exceed the market capitalization of much of the upstream value chain they sit atop. By combining elements of derivatives platforms, brokerages, and crypto exchanges into a single product, Liquid is positioned to serve traders navigating increasingly interconnected global markets.
“One of our primary goals for the platform is to democratize access to markets that retail traders have no real access to,” said Liquid CEO and co-founder Franklyn Wang. “By equipping everyday users with advanced tools, including AI-driven research and execution capabilities, we enable retail traders to operate with the same speed and sophistication as professional quantitative investors.”
Since its August 2025 launch, Liquid said the platform has seen more than $3 billion in trading volume across 40,000 users.
Through instruments such as perpetual futures, users can gain exposure to commodities and alternative assets while easily expressing both long and short positions in volatile environments. Liquid incorporates an AI-powered chat assistant that helps users navigate markets, surface insights, and execute trades at professional speeds, while delivering institutional-grade research and analysis. The feature is designed to reduce friction for both new and experienced traders, making it easier to analyze opportunities and act quickly within a single interface.