Stage 2 Capital

ActiveVenture Capital

Updated: Dec 5, 2025 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Feb 3, 2026	Veremark	$26.0M Series B	Gresham House Ventures	ACF Investors, Samaipata
Jun 1, 2025	Teal	$2.0M Seed	—	ACF Investors, City Light Capital, Conviction VC, Flybridge Capital Partners, Gutter Capital, Pareto Holdings, Playfair Capital, Red Beard Ventures, Samaipata, Torch Capital, Charles Delingpole
May 1, 2025	General Counsel AI	$10.0M Series A	—	Abstract Ventures, Adverb Ventures, AirAngels, AngelCube, ATX Venture Partners, Canaan Partners, CP Ventures, Forerunner Ventures, Foundation Capital, Greylock, Human Capital, Inspired Capital, Kleiner Perkins, Klossy, Offline Ventures, Otherwise Fund, Pantera Capital, Pioneer Fund, RevTech Ventures, Sherpalo Ventures, Sound Ventures, Torch Capital, Upfront Ventures, Emily Kramer, Evan Williams, Gokul Rajaram, Guillermo Rauch, Immad Akhund, Jeffrey Wilke, Jonathan Widawski, Karim Atiyeh, Marissa Mayer, Mathilde Collin, Tom Steyer
Apr 1, 2025	Solace	$60.0M Series B	—	Adverb Ventures, AirAngels, AngelCube, ATX Venture Partners, Canaan Partners, Comal Ventures, CP Ventures, CRV, FasterCapital, Forerunner Ventures, Foundation Capital, Greylock, Inspired Capital, Intel Capital, Kleiner Perkins, Klossy, Menlo Ventures, Offline Ventures, Otherwise Fund, Pantera Capital, Pioneer Fund, Redstone Road LLC, RevTech Ventures, SignalFire, Sound Ventures, Tango.vc, Threshold Ventures, Torch Capital, Upfront Ventures, Anne Wojcicki, Evan Williams, Jeffrey Wilke, Jonathan Widawski, Marissa Mayer, Mathilde Collin, Sahin Boydas
Apr 1, 2025	Superpower	$30.0M Series A	—	Acrew Capital, Adverb Ventures, AirAngels, AngelCube, ATX Venture Partners, Bain Capital Ventures, Canaan Partners, CP Ventures, Craft Ventures, Curie.Bio, Curious Capital, FJ Labs, Forerunner Ventures, Foundation Capital, Greylock, Inspired Capital, Kleiner Perkins, Klossy, monashees, Night Ventures, Offline Ventures, Operator Partners, Otherwise Fund, Pantera Capital, Pioneer Fund, REMUS Capital, RevTech Ventures, Serena Ventures, Seven Seven Six, Sound Ventures, Timespan Ventures, Torch Capital, Upfront Ventures, Version One Ventures, Abe Burns, Baron Davis, Brian Sugar, Casey Neistat, Evan Williams, Gokul Rajaram, Ian Borthwick, Jeffrey Wilke, Jonathan Widawski, Justin David Blau, Marissa Mayer, Mathilde Collin, Pir Granoff
Mar 1, 2025	Arcade	$25.0M Series A	—	5AM Ventures, Abstract Ventures, Accolade Partners, Acrew Capital, Act One Ventures, Adverb Ventures, AirAngels, Altimeter Capital, Alumni Ventures, American Express Ventures, AngelCube, Jana Messerschmidt, ATX Venture Partners, Bain Capital Ventures, Adeyemi Ajao, Canaan Partners, Company Capital, CP Ventures, Fabric Ventures, Forerunner Ventures, Foundation Capital, Greylock, Homebrew, Index Ventures, Inspired Capital, Kleiner Perkins, Klossy, Offline Ventures, Otherwise Fund, Owl Ventures, Pantera Capital, Pioneer Fund, Precursor Ventures, RevTech Ventures, Sequoia Capital, Serena Ventures, Seven Seven Six, Sound Ventures, The General Partnership, Torch Capital, Union Square Ventures, Upfront Ventures, Vamos Ventures, Weekend Fund, Amjad Masad, Emanuel Pleitez, Evan Williams, Fareed Mosavat, Gokul Rajaram, Jeffrey Wilke, Joanne Bradford, John Legend, Jonathan Widawski, Marissa Mayer, Mathilde Collin, Scott Belsky, Stewart Butterfield
Mar 1, 2025	Retym	$75.0M Series D	—	Adverb Ventures, AirAngels, AngelCube, ATX Venture Partners, Canaan Partners, Celesta, CP Ventures, Forerunner Ventures, Foundation Capital, Greylock, Inspired Capital, Kleiner Perkins, Klossy, Mayfield, NewView Capital, Offline Ventures, Otherwise Fund, Pantera Capital, Pioneer Fund, RevTech Ventures, Snowflake Ventures, Sound Ventures, Spark Capital, Torch Capital, Upfront Ventures, Walden International, Evan Williams, Jared Sleeper, Jeffrey Wilke, Jonathan Widawski, Marissa Mayer, Mathilde Collin
Feb 1, 2025	PropHero	$17.0M Series A	—	ACF Investors, AfterWork Ventures, Jenny Fielding, Scott Hartley, Fifth Wall, Jelix Ventures, Red Beard Ventures, Samaipata, Charles Delingpole
Feb 1, 2025	Workhelix	$15.0M Series A	—	Adverb Ventures, AI Fund, AirAngels, AIX Ventures, Alumni Ventures, Amplify Partners, AngelCube, ATX Venture Partners, Canaan Partners, Conviction Partners, CP Ventures, Eclipse Ventures, First Round Capital, Forerunner Ventures, Foundation Capital, General Catalyst, Greylock, Innovation Endeavors, Inspired Capital, Kleiner Perkins, Klossy, LGF, Offline Ventures, Otherwise Fund, Pantera Capital, Pioneer Fund, RevTech Ventures, Sound Ventures, Torch Capital, Upfront Ventures, Walden International, Bernard Arnault, Drew Houston, Dylan Field, Evan Williams, Jonathan Widawski, Kenneth Griffin, Marc Benioff, Marissa Mayer, Mathilde Collin, Shane Neman, Thomas Tull
Jan 1, 2025	Safely You	$43.0M Series C	—	Adverb Ventures, AirAngels, AngelCube, ATX Venture Partners, Canaan Partners, CP Ventures, Engineering Capital, Forerunner Ventures, Foundation Capital, Greylock, Insight Partners, Inspired Capital, Kleiner Perkins, Klossy, Offline Ventures, Operator Stack, Otherwise Fund, Pantera Capital, Pioneer Fund, RevTech Ventures, Softbank Group, Sound Ventures, Torch Capital, Upfront Ventures, Evan Williams, Jeffrey Wilke, Jonathan Widawski, Marissa Mayer, Mathilde Collin
Sep 1, 2024	Arcade	$5.0M Seed	—	5AM Ventures, Accolade Partners, Acrew Capital, Act One Ventures, Adverb Ventures, AirAngels, Alumni Ventures, American Express Ventures, AngelCube, ATX Venture Partners, Bain Capital Ventures, Adeyemi Ajao, Canaan Partners, Company Capital, CP Ventures, Fabric Ventures, Forerunner Ventures, Foundation Capital, General Catalyst, Greylock, Homebrew, Inspired Capital, Khosla Ventures, Kleiner Perkins, Klossy, NEO, Offline Ventures, Otherwise Fund, Owl Ventures, Pantera Capital, Pioneer Fund, Precursor Ventures, RevTech Ventures, Sequoia Capital, Serena Ventures, Seven Seven Six, Sound Ventures, The General Partnership, Torch Capital, Upfront Ventures, Vamos Ventures, Emanuel Pleitez, Jeffrey Wilke, Joanne Bradford, John Legend, Jonathan Widawski, Marissa Mayer, Mathilde Collin
Aug 1, 2024	Solace	$14.0M Series A	—	Adverb Ventures, AirAngels, AngelCube, ATX Venture Partners, Canaan Partners, Comal Ventures, CP Ventures, FasterCapital, Forerunner Ventures, Foundation Capital, General Catalyst, Greylock, Inspired Capital, Kleiner Perkins, Klossy, Offline Ventures, Otherwise Fund, Pantera Capital, Pioneer Fund, RevTech Ventures, SignalFire, Sound Ventures, Torch Capital, Upfront Ventures, Anne Wojcicki, Evan Williams, Jeffrey Wilke, Jonathan Widawski, Marissa Mayer, Mathilde Collin
Jul 1, 2024	Gigpro	$16.0M Series A	—	Foundry Group, Maveron, Bill Smith
Jun 1, 2024	Opsin	$7.0M Seed	—	Alumni Ventures, Axiom Partners, C2 Investment, CapitalX, E1 Ventures, Prosperity7 Ventures, Race Capital, Social Capital, SparkLabs Group, TDK Ventures, Trajectory Ventures, Transpose platform, Uncork Capital, Brandon Leonardo, George Godula, Oliver Cameron, Sahin Boydas
Apr 1, 2024	Rally UXR	$9.0M Seed	—	—
Apr 1, 2024	Veremark	$3.0M Series B	—	ACF Investors, Angel Invest, Boost Capital Partners, Goodwater Capital, Red Beard Ventures, RTP Global, Samaipata, sequel, Speedinvest, Target Global, Charles Delingpole, Desigan Chinniah
Oct 1, 2023	Employment Hero	$170.0M Series F	—	Airtree Ventures, C2 Investment, Insight Partners, TCV, Tribe Capital
Aug 1, 2023	Osano	$25.0M Series B	—	Austin Ventures, Capital Factory, Jump Capital, LiveOak Venture Partners, Mayfield, Next Coast Ventures, Vested Finance, Joey Low, Micha Y. Breakstone, William Boebel, Will Szczerbiak
Jun 1, 2023	AptEdge	$11.0M Seed	—	Alumni Ventures, At One Ventures, Jenny Fielding, Scott Hartley, Montage Ventures, National Grid Partners, Otherwise Fund, Y Combinator, Alain Hanover, Bill Gates, Chad Nitschke
Jun 1, 2023	Versori	$3.0M Seed	—	Afore Capital, Anthemis Group, CapitalX, Matt Ocko, Dreamers VC, Elkstone, Greycroft, National Grid Partners, No Label Ventures, Paradigm, Rajan Anandan, RTP Global, SNR, Streamlined Ventures, Taurus Ventures, Trajectory Ventures, Venture Highway, Village Global, Y Combinator, Ali Moiz, Alison Engel, Arash Ferdowsi, Gokul Rajaram, Ilya Kondrashov, Immad Akhund, Mike Giampapa, Munish Varma, Sahin Boydas, Sumon Sadhu, Viral Bajaria
Apr 1, 2023	Gappify	$10.0M Series B	—	Bessemer Venture Partners, FINTOP Capital
Dec 1, 2022	Hawksight	$4.0M Seed	—	Adverb Ventures, AirAngels, AngelCube, ATX Venture Partners, Canaan Partners, CP Ventures, Forerunner Ventures, Foundation Capital, Greylock, Inspired Capital, Kleiner Perkins, Klossy, Offline Ventures, Otherwise Fund, Pantera Capital, Pioneer Fund, RevTech Ventures, Sound Ventures, Torch Capital, Upfront Ventures, Evan Williams, Jeffrey Wilke, Jonathan Widawski, Marissa Mayer, Mathilde Collin
Oct 1, 2022	PropHero	$5.0M Seed	—	ACF Investors, AfterWork Ventures, Jenny Fielding, Scott Hartley, Fifth Wall, Jelix Ventures, Red Beard Ventures, Samaipata, Charles Delingpole
Sep 1, 2022	HopSkipDrive	$37.0M Series D	—	01 Advisors, 1776, Accel, Afore Capital, Aleph VC, Alumni Ventures, Amplify Partners, Anderson Angels, Andreessen Horowitz, Avalancha Ventures, Backend Capital, Bascom Ventures, Basecamp Fund, Blisce, Buckley Ventures, Contour Venture Partners, Cowboy Ventures, DBL Partners, Dimension Capital, Draper Associates, E14 Fund, Energy Impact Partners, Jenny Fielding, Scott Hartley, Family Office, Felix Capital, FirstMark Capital, Floodgate, Flucas Ventures, Gotham Gal Ventures, Gradient Ventures, Great Oaks Venture Capital, Human Augmentation Syndicate, Humba Ventures, Infinite Niches, Left Lane Capital, March Capital, Modern Venture Partners, Montage Ventures, Moxxie Ventures, Nyca Partners, Otherwise Fund, Parkway VC, Prototype Capital, QueensBridge Venture Partners, Rainfall Ventures, Relay Ventures, Scribble Ventures, Seven Seven Six, Shrug Capital, SignalFire, Howard Lindzon, Sound Ventures, Streamlined Ventures, Susa Ventures, SV Angel, Greg Bettinelli, TCG (The Chernin Group), The Hit Forge, Transmedia Capital, Tusk Venture Partners, VZVC, Weekend Fund, What If Ventures, XFactor Ventures, Y Combinator, Alain Hanover, Alper Kiresepi, Andrew Bialecki, Anna Patterson, Chad Nitschke, Charlie Songhurst, Daria Derkach, Erick Miller, Eric Ries, Farzad Nazem, Howard Charney, Ian McNish, John Fontein, Josh Spear, Kevin Weil, Michael Birch, Moshe Lifschitz, Nico Rosberg, Peter Hunn, Richard Cooperstein, Rudra Peram, Sahin Boydas, Sean Park, Tyler Willis, Yagiz Sozmen, Zach Segal
Sep 1, 2022	MVP Match	$5.0M Seed	—	—

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Stage 2 Capital.

Aileen (Horgan) Allen

Limited Partner and Advisor

Leadership Team

Key people at Stage 2 Capital.

Aileen (Horgan) Allen

Limited Partner and Advisor

Deep Dive

Stage 2 Capital is a venture capital firm founded in 2018 that specializes in early-stage investments in B2B software companies, particularly those focused on FinTech, Developer Tools, Video, Creator Economy, Healthcare IT, Marketplaces, Application SaaS, and Vertical Software. The firm’s mission centers on combining traditional venture capital with deep go-to-market (GTM) expertise to help startups scale revenue and achieve product-market fit. It leverages a unique investment model where each deal is managed by a two-person "pod" consisting of a VC/finance expert and a GTM operator, supported by a network of over 800 seasoned GTM leaders who actively engage with portfolio companies as executives, advisors, or board members. This approach allows Stage 2 Capital to provide not only capital but also operational guidance, particularly in sales and growth strategies, significantly impacting the startup ecosystem by accelerating sustainable revenue growth for early-stage B2B software ventures[1][2][3][4][5].

The firm was founded in New York in 2018 by partners including Jay Po (Co-Founder and Managing Partner), Anubhav Maheshwari, Daniel Heck, and John Boucher. It evolved with a clear focus on integrating GTM expertise into venture investing, differentiating itself by involving its extensive LP network in every stage of the investment and portfolio support process. This network includes high-profile leaders such as Yamini Rangan (CEO of HubSpot), Nick Mehta (CEO of Gainsight), Ashley Kramer (CMO & CSO of GitLab), and Ryan Longfield (Shopify), who contribute strategic and operational insights to portfolio companies. Early traction for the firm came from its ability to provide hands-on GTM support alongside capital, helping startups refine customer acquisition, growth, and retention strategies[1][2][6][7].

Core Differentiators

Unique Investment Model: Two-person "pod" combining VC/finance and GTM operational expertise to support startups comprehensively.
Network Strength: Over 800 GTM leaders actively involved, many joining portfolio companies as executives, board members, or advisors.
Track Record: 34+ investments with a focus on early-stage B2B software companies, supported by a strong LP base of industry leaders.
Operating Support: Deep GTM expertise focused on revenue growth, customer acquisition, retention, and sales operations, providing hands-on guidance beyond capital.

Role in the Broader Tech Landscape

Stage 2 Capital rides the trend of increasing demand for specialized GTM expertise in venture investing, recognizing that many early-stage B2B software startups have strong product visions but need operational support to scale revenue effectively. The timing is critical as SaaS and vertical software markets mature, and startups face complex sales and growth challenges. By integrating GTM leaders into its investment process, Stage 2 Capital influences the ecosystem by setting a new standard for operational involvement in venture capital, helping startups build scalable, repeatable revenue engines and accelerating their path to market leadership[3][4][5].

Quick Take & Future Outlook

Looking ahead, Stage 2 Capital is poised to deepen its influence by continuing to leverage its extensive GTM network to support portfolio companies through scaling challenges. As markets for vertical software, FinTech, and SaaS evolve, the firm’s dual-focus investment model will likely become increasingly valuable, especially as startups navigate complex sales cycles and customer retention dynamics. The firm’s future trajectory may include expanding its fund size and geographic reach while maintaining its distinctive operational partnership approach, potentially shaping how venture capital firms integrate GTM expertise into their investment strategies[1][4][6]. This positions Stage 2 Capital as a key player in the evolution of venture capital toward more hands-on, growth-focused investing.

Sources

Core Differentiators

Unique Investment Model: Two-person "pod" combining VC/finance and GTM operational expertise to support startups comprehensively.
Network Strength: Over 800 GTM leaders actively involved, many joining portfolio companies as executives, board members, or advisors.
Track Record: 34+ investments with a focus on early-stage B2B software companies, supported by a strong LP base of industry leaders.
Operating Support: Deep GTM expertise focused on revenue growth, customer acquisition, retention, and sales operations, providing hands-on guidance beyond capital.