About Lian Group
Lian Group is a venture capital firm founded in 2017. It is primarily based out of Geneva, Switzerland. As of Aug 2022, Lian Group has invested in 9 companies. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Blockchain Technology to High Tech and Enterprise Applications. Most recently it participated in the $***** Series B round of Rookout Overall, Lian Group portfolio has seen 2 unicorns, 1 IPO and 4 acquisitions including key companies like Spotify, Indigo and Alto. A lot of funds co-invest with Lian Group, with names like Korelya Capital sharing a substantial percentage of its portfolio. Lian Group has team of 22 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series B & 1 more
Portfolio IPOs
Lian Group's List of Top Investments
Lian Group has a portfolio of 9 companies, including 2 unicorns. Their most notable investmentis in Blind BoxesTheir portfolio spans across United States, Netherlands, Sweden and 1 more locations. They have invested in Blockchain Technology, High Tech, Enterprise Applications and 10 other sectors, across stages such as Seed, Series B and 1 more. Here is the list of top investments by Lian Group:1. Spotify
Provider of a platform for streaming digital music and podcasts. The platform allows users to listen to a wide variety of audio content. It is accessible via web browsers and dedicated applications.
Key facts about Spotify
- Founded Year: 2006
- Location: Stockholm (Sweden)
- Annual Revenue: €1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $2.06B
- Employee Count: 19,363 as on Jul 31, 2026
- Investors: ADS Ventures, 2020 Ventures and 127 Others
- Latest Funding Round: Post IPO, Feb 10, 2023, $*****
- Highlight: Public
2. Indigo
Provider of biological and sustainability solutions for the agriculture industry. The company offers biological products that harness the plant microbiome to protect crops. It also provides sustainability programs that help scale sustainable practices. These solutions aim to reduce emissions, conserve water, and improve farm profitability.
Key facts about Indigo
- Founded Year: 2013
- Location: Boston (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $1.4B
- Employee Count: 1,322 as on Aug 31, 2026
- Investors: InvestX, Baillie Gifford and 26 Others
- Latest Funding Round: Series G, Sep 15, 2023, $*****
- Highlight: Editors' Pick
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3. Alto
Online pharmacy offering prescription delivery services. The platform enables users to find and compare prices of medications and can receive over-the-counter and generic medicines at home. It also, offers platform for pharmacists for prescription management.
Key facts about Alto
- Founded Year: 2015
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $592M
- Employee Count: 802 as on Sep 30, 2026
- Investors: Meritech, Foundation Capital and 38 Others
- Latest Funding Round: Series E, Jan 14, 2022, $*****
- Highlight: Acquired
4. Bitfury
AI and blockchain-based platform offering cryptocurrency mining solutions. It provides users with a blockchain technology company that provides infrastructure products and services to power the Web 3.0 ecosystem, making digital assets safe. It also develops and sells ASICs, PCBs, boards, servers, and data centres for mining Bitcoin. It also offers blockchain-as-a-service for government integration, a Bitcoin payment portfolio, blockchain-based solutions for the music industry, and a web-based software tool for law enforcement in blockchain applications.
Key facts about Bitfury
- Founded Year: 2011
- Location: Amsterdam (Netherlands)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $181M
- Employee Count: 86 as on Sep 30, 2026
- Investors: Lian Group, Tian Tian Ventures and 38 Others
- Latest Funding Round: Series D, Nov 06, 2018, $*****
- Highlight: Editors' Pick
5. Alkira
Provider of cloud networking solution and network wide unification. The platform allows users to connect various networks, sites, and clouds, while also providing network solutions and resiliency. The businesses can streamline the multi cloud network provisioning process and gain visibility across the network infrastructure.
Key facts about Alkira
- Founded Year: 2018
- Location: San Jose (United States)
- Stage: Acquired
- Total Funding till date: $184M
- Employee Count: 179 as on Sep 30, 2026
- Investors: NextEquity Partners, Lian Group and 7 Others
- Latest Funding Round: Series C, May 15, 2024, $*****
- Highlight: Acquired
Lian Group's Year-on-Year Investment Trends
Lian Group has invested in 11 companies over the last 8 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Rookout.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 2 | 0 | 2 |
2021 | 2 | 0 | 2 |
2020 | 0 | 0 | 0 |
2019 | 0 | 0 | 0 |
2018 | 1 | 0 | 1 |
Lian Group's Investments by Stage
Lian Group has made 2 investments in Seed stage with an average round size of $2.58M, 2 investments in Series B stage with an average round size of $16M and 1 investment in Series D stage with an average round size of $80M.Stage of entry | No. of Investments |
|---|---|
Seed | 2 |
Series B | 2 |
Series D | 1 |
Note: We have considered here, only first round of investments
Lian Group's Investments by Sector
Lian Group has a diverse portfolio, with companies operating in the Blockchain - Industry Applications, Blockchain Technology, FinTech, Enterprise Applications and Enterprise Infrastructure. Notably, it has invested in 9 Tech companies, 6 Enterprise (B2B) companies, 6 Software companies and at least 4 companies focusing on Blockchain.Sector | No. of Investments |
|---|---|
Blockchain - Industry Applications | 3 |
Blockchain Technology | 3 |
FinTech | 3 |
Enterprise Applications | 2 |
Enterprise Infrastructure | 2 |
Others | 6 |
Note: We have considered here, only first round of investments
Lian Group's Investments by Geography
Lian Group has made most investments in United States (3), followed by Netherlands where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 3 |
Netherlands | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Lian Group's recent investments
Lian Group has not made any investment in 2026 so far.Here are the most recent investments by Lian Group:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 23, 2022 | United States | Series B | 6073 | [+5] | |
Aug 02, 2022 | United States | Series B | 6573 | - | |
Oct 14, 2021 | United Kingdom | Seed | 3692 | [+14] | |
Apr 23, 2021 | United States | Seed | 9134 | [+3] | |
Nov 06, 2018 | Netherlands | Series D | 9346 | [+9] |
Unicorns in Lian Group's Portfolio
Lian Group has 2 unicorns in its portfolio - Indigo and Bitfury. The most recent unicorn in their portfolio is Indigo. It became a unicorn in 2020, 6 years before Lian Group first invested in it.Here is a list of unicorns in Lian Group's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
78 | Provider of biological and sustainability solutions for the agriculture industry | 2013 | Boston | Series G | jdoaajh | ||
65 | AI and blockchain-based platform offering cryptocurrency mining solutions | 2011 | Amsterdam | Series D | sekwsco |
IPOs and Publicly Listed companies in Lian Group's Portfolio
1 of Lian Group's portfolio company became public - Spotify. It got listed on the New York Stock Exchange (NYSE), in Apr 2018 at marketcap of undefinedHere are Lian Group's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 06, 2018 | - | - | 5659 |
Acquired companies in Lian Group's Portfolio
4 companies from Lian Group's portfolio have been acquired. The most recent acquisition was Alkira in May 2026 by Lumen for $*****.Here are Lian Group's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 06, 2026 | Aug 02, 2022 | Series B | 2817 | |
Mar 21, 2025 | - | - | 7874 | |
Jul 31, 2023 | Aug 23, 2022 | Series B | 4464 | |
Mar 08, 2021 | - | - | 9668 |
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Team profile of Lian Group
Lian Group has a team of 22 members including 4 Partners, 2 Venture Partners and 4 Principals located in Switzerland, United States and 2 more locations. Lian Group's team does not sit on the board of any company as of now.Here is a list of top team members in Lian Group:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Berkeley | - | ||
Partner | - | - | ||
Partner | Geneva | - | ||
Partner | Surry Hills | - | - | |
Venture Partner | Switzerland | - | - | |
Venture Partner | Istanbul | - | - | |
Principal | Italy | - | - | |
Principal | New York | - | - | |
Principal | Switzerland | - | - | |
Principal | Geneva | - | - |
Co-investors of Lian Group
Over the past 8 years, 59 investors have co-invested in Lian Group's portfolio companies. This includes funds and angels.
- Invested before Lian Group: iTech Capital, Georgian Co-Investment Fund and 22 others have invested in rounds before Lian Group. There is 1 company where iTech Capital has invested before Lian Group and 1 company where Georgian Co-Investment Fund has invested before Lian Group.
- Top Co-investors of Lian Group: 31 investors entered a company along with Lian Group. These include investors like Korelya Capital (1 company).
- Invested after Lian Group: A total of 4 investors have invested in Lian Group's portfolio after their investments. Top Investors include Tiger Global Management (1 company), NextEquity Partners (1 company) and Geodesic Capital (1 company).
Recent News related to Lian Group
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Lian Group strengthens its position in the field of aesthetic medicine with the launch of VitauraPR Newswire•Dec 04, 2024•Lian Group
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Lian Group launches data center platform, announces two facilities in NorwayDCD•Sep 26, 2024•Lian Group
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LIAN Group Expands Healthcare Platform with Strategic Acquisition of Scientis, #1 Dermatologist-Recommended Solution for HyperpigmentationPR Newswire•Aug 27, 2024•Lian Group, Cyspera
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Alkira connects with $100M for a solution that connects your cloudsTechCrunch+•May 15, 2024•Alkira, Tiger Global Management, Dallas Venture Capital, Sequoia Capital and 5 others
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Rookout raises $16M Series B to scale its developer-first observability platformTechCrunch+•Aug 23, 2022•Rookout, Fort Ross Ventures, Lian Group, Mighty Capital and 6 others
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