Super Bowl champion Joe Montana’s venture capital firm is looking to raise $100 million, according to an SEC filing.
The San Francisco 49ers icon is general partner of Liquid 2 Ventures, which is seeking capital for its third fund. The firm closed its second fund after raising $37.67 million in April 2019.
Liquid 2 Ventures has invested in more than 100 companies, including:
- Esports organization Cloud9
- DevOps platform Gitlab
- Digital media network Brat
- Information tech company Rappi
- Internet satellite company Astranis
Montana’s firm invested in cannabis dispensary Caliva’s $75 million first funding round in 2019.
Last month, the company was acquired to go public by Subversive Capital, the largest cannabis special purpose acquisition company, for $282.9 million.
Montana earned $25 million in his football career, but is venture capital more lucrative than football?
“Well, if I was playing today, maybe not. Back when I was playing, absolutely,” he told Forbes earlier this year.