# LYQD

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lyqd

- Industry: Consumer Products
- Headquarters: Cork, Ireland
- Website: www.lyqd.io
- Total disclosed funding: $1.3M
- Latest round: Seed (Apr 9, 2025)
- Investors on record: 1

## About

LYQD operates as a pioneering digital exchange for whiskey casks, aiming to enhance market accessibility and investment opportunities for collectors, investors, and distilleries in the whiskey sector.Founded in 2023 in Cork, Ireland, LYQD is focused on creating a digital marketplace for whiskey casks. The company has successfully completed 1 deal to date and raised EUR 1.2 million in its most recent funding round on April 10, 2025, with investment from Enterprise Ireland among others. The firm does not have reported subsidiaries or prior pivots in its business strategy. The founder's history is not specified but is key to the company's vision.LYQD is developing the first digital exchange for whiskey casks in Ireland, facilitating a secure and transparent platform for various stakeholders, including private collectors, investors, and distilleries. The core offering enables users to buy, sell, and manage premium Irish whiskey casks directly from distilleries, bonders, or other collectors. The platform provides features such as the ability to explore available casks, list their own casks, and browse verified whiskey casks by distillery, age, and flavor profile. This service addresses the challenges faced by cask whiskey owners in managing their investments, allowing for easier access to information on cask potential and pricing, thereby enhancing the overall user experience. The target markets include private investors and whiskey enthusiasts primarily in Europe, North America, and Asia, where the appreciation for Irish whiskey is growing.LYQD’s revenue model is predicated on transaction fees generated from the exchange of whiskey casks on its platform. Clients engage in business transactions by creating accounts, which require email registration and third-party identity verification for safety. Once verified, clients can list their casks or purchase available ones, with the platform facilitating secure transactions between buyers and sellers. The revenue structure is expected to include direct fees associated with each transaction and potential subscription services for premium account features offering advanced analytics and insights into the whiskey market, focusing on high-value transactions in a lucrative market.In April 2025, LYQD raised EUR 1.2 million in pre-seed funding from new investor Enterprise Ireland, with additional participation from individual and unspecified investors. The company plans to utilize this funding to support the further development of its services and solutions for the whiskey industry. Upcoming initiatives include enhancing the platform's functionality and user experience, as well as targeting expansion into new markets within Europe, North America, and Asia, where demand for whiskey cask investments is increasing.

## Funding rounds

- Seed, Apr 9, 2025, $1.3M — Enterprise Ireland

## Investors

- Enterprise Ireland (https://capitalatlas.ai/funds/enterprise-ireland) — Seed