LIQID, a European digital wealth manager for affluent private clients backed by Toscafund, has secured EUR88 million in a funding round led by LGT, the global private banking and asset management group owned by the Princely House of Liechtenstein.
As part of the round, which also includes participation from existing investors, LGT will take a significant minority stake in the fast-growing Fintech and support the further expansion of the company’s offer and geographic reach.
LIQID, based in Berlin, provides its affluent client base with 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.
LGT is one of the world’s largest family-owned private banking and asset management groups.
“We welcome LGT to the LIQID family and look forward to continuing on our rapid growth trajectory,” adds George Koulouris, Partner at London-based Toscafund Asset Management.
Read more/Source: Private Equity Wire
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