About Stage 2 Capital
Stage 2 Capital is a venture capital firm founded in 2018. It is primarily based out of New York City, United States. As of 2026, Stage 2 Capital is an active investor, having invested in 110 companies, with 14 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Seed round of Refine Overall, Stage 2 Capital portfolio has seen 13 acquisitions including key companies like Momentum, Klara and Metaplane. A lot of funds co-invest with Stage 2 Capital, with names like FJ Labs sharing a substantial percentage of its portfolio. Stage 2 Capital has team of 501 people including 476 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Acquisitions
Stage 2 Capital's List of Top Investments
Stage 2 Capital has a portfolio of 110 companies. Their most notable investments are in Versori and Sendoso.Their portfolio spans across United States, United Kingdom, Australia and 5 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 21 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Stage 2 Capital:1. Sendoso
Sendoso offers account based marketing platform to businesses. Allows businesses to source and send gifts to prospects through multiple channels. Integrates with third party systems like Salesforce to set up reminders and boost engagement metrics. Supports managing multiple teams and track engagement metrics and effectiveness. The revenue model is subscription based, starting from USD 300/month. Clients include Thomson Reuters, Four Seasons, and Signpost, among others.
Key facts about Sendoso
- Founded Year: 2016
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $157M
- Employee Count: 411 as on Sep 30, 2026
- Investors: Storm Ventures, Felicis Ventures and 13 Others
- Latest Funding Round: Series C, Sep 14, 2021, $*****
- Highlight: Editors' Pick
2. Ocrolus
Provider of bank accounts auditing solutions for businesses. It provides users with an analysis of businesses' bank accounts, financial transactions and other bills for any fraudulent charges or unauthorized payments. It also claims to analyze bank account statements with accuracy irrespective of the quality of the documents. It makes use of Optical Character Recognition (OCR) transaction detection, crowdsourced data validation, and algorithmic reconciliation.
Key facts about Ocrolus
- Founded Year: 2014
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $122M
- Employee Count: 1,057 as on Sep 30, 2026
- Investors: Mubadala, The Private Shares Fund and 31 Others
- Latest Funding Round: Series C, Sep 23, 2021, $*****
- Highlight: Editors' Pick
3. Slang
Key facts about Slang
- Founded Year: 2019
- Location: New York (United States)
- Stage: Series B
- Total Funding till date: $56M
- Employee Count: 75 as on Sep 30, 2026
- Investors: Wing Venture Capital, Underscore VC and 10 Others
- Latest Funding Round: Series B, Feb 24, 2026, $*****
- Highlight: Editors' Pick
4. QuotaPath
SaaS-based performance management system for sales professionals. It offers features solutions for sales compensation, commission tracking, forecasting of earnings, performance and goals tracking, KPIs and dashboards etc. It is available for multiple subscription plans depending on the size of the business.
Key facts about QuotaPath
- Founded Year: 2018
- Location: Philadelphia (United States)
- Stage: Series B
- Total Funding till date: $67.3M
- Employee Count: 91 as on Sep 30, 2026
- Investors: Venture for America, Tribe Capital and 7 Others
- Latest Funding Round: Series B, Apr 26, 2022, $*****
- Highlight: Editors' Pick
5. GigPro
Gig marketplace for the hospitality industry. It offers a platform for restaurant veterans who work on a shift basis. The platform provides on-demand compensation and payment after the completion of a shift. It is available on Google Play Store and Apple App Store.
Key facts about GigPro
- Founded Year: 2019
- Location: Charleston (United States)
- Stage: Series A
- Total Funding till date: $21.3M
- Employee Count: 154 as on Sep 30, 2026
- Investors: Detroit Venture Partners, Stage 2 Capital and 3 Others
- Latest Funding Round: Series A, Jun 07, 2024, $*****
- Highlight: Editors' Pick
Stage 2 Capital's Year-on-Year Investment Trends
Stage 2 Capital has invested in 110 companies over the last 8 years, with an average of 17 new investments annually in the last 5 years. In 2025, it made 13 investments, while as of 2026, it has made 18 investments in this year. Its most recent first time investment was in Refine and most recent follow-on round was in MedScout.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 13 | 5 | 18 |
2025 | 11 | 2 | 13 |
2024 | 19 | 3 | 22 |
2023 | 26 | 1 | 27 |
2022 | 17 | 4 | 21 |
2021 | 7 | 2 | 9 |
2020 | 1 | 3 | 4 |
2019 | 7 | 0 | 7 |
2018 | 1 | 0 | 1 |
Stage 2 Capital's Investments by Stage
Stage 2 Capital has made 63 investments in Seed stage with an average round size of $5.67M, 34 investments in Series A stage with an average round size of $10.6M, 4 investments in Series B stage with an average round size of $17.9M and 1 investment in Series C stage with an average round size of $80M.Stage of entry | No. of Investments |
|---|---|
Seed | 63 |
Series A | 34 |
Series B | 4 |
Series C | 1 |
Note: We have considered here, only first round of investments
Stage 2 Capital's Investments by Sector
Stage 2 Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, FinTech, Enterprise Infrastructure and High Tech. Notably, it has invested in 99 Tech companies, 98 Enterprise (B2B) companies, 91 Software companies and at least 72 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 87 |
Vertical SaaS | 25 |
FinTech | 15 |
Enterprise Infrastructure | 11 |
High Tech | 11 |
Others | 70 |
Note: We have considered here, only first round of investments
Stage 2 Capital's Investments by Geography
Stage 2 Capital has made most investments in United States (80), followed by United Kingdom where it has made 6 investments.Country | No. of Investments |
|---|---|
United States | 80 |
United Kingdom | 6 |
Australia | 5 |
Canada | 3 |
Germany | 2 |
Others | 2 |
Note: We have considered here, only first round of investments
Stage 2 Capital's recent investments
Stage 2 Capital has made 18 investments in 2026 so far. Refine and Rama are the latest among them.Here are the most recent investments by Stage 2 Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
2026 | United States | Seed | 9737 | - | |
2026 | United States | Seed | 7272 | - | |
2026 | United States | Seed | 8899 | - | |
2026 | United States | Seed | 3496 | - | |
2026 | - | Seed | 4923 | - |
Acquired companies in Stage 2 Capital's Portfolio
13 companies from Stage 2 Capital's portfolio have been acquired. The most recent acquisition was Haize Labs.Here are Stage 2 Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 17, 2026 | 2024 | Seed | 8853 | |
Jun 25, 2026 | - | - | 7630 | |
Apr 14, 2026 | Apr 14, 2023 | Series A | 7550 | |
Mar 02, 2026 | Jun 27, 2023 | Seed | 3893 | |
Feb 18, 2026 | Jul 23, 2024 | Series A | 1781 |
Team profile of Stage 2 Capital
Stage 2 Capital has a team of 501 members including 476 Partners and 1 Principal located in United States, United Kingdom and 9 more locations. Stage 2 Capital's team sits on the board of 2 companies.Here is a list of top team members in Stage 2 Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | - | |
Partner | - | - | - | |
Partner | Scottsdale | - | - | |
Partner | - | - | - | |
Partner | Germany | - | - | |
Partner | Seattle | - | - | |
Partner | United Kingdom | - | ||
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - |
Co-investors of Stage 2 Capital
Over the past 8 years, 416 investors have co-invested in Stage 2 Capital's portfolio companies. This includes funds and angels.
- Invested before Stage 2 Capital: Y Combinator, Techstars and 146 others have invested in rounds before Stage 2 Capital. There are 7 companies where Y Combinator has invested before Stage 2 Capital and 3 companies where Techstars has invested before Stage 2 Capital.
- Top Co-investors of Stage 2 Capital: 190 investors entered a company along with Stage 2 Capital. These include investors like FJ Labs (2 companies).
- Invested after Stage 2 Capital: A total of 78 investors have invested in Stage 2 Capital's portfolio after their investments. Top Investors include Felicis Ventures (2 companies), SoftBank Vision Fund (2 companies) and Rally Ventures (2 companies).
Recent News related to Stage 2 Capital
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AI-native clearinghouse for insurance Axle raises $17.5mFinextra•Aug 11, 2026•Axle, Gradient Ventures, Stage 2 Capital, Y Combinator and 1 other
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MedScout Raises $10M and Launches AI Agents for MedTech Commercial Teamshttps://www.intelligence360.news/•Feb 25, 2026•Live Oak Ventures, MedScout, Stage 2 Capital, Fulcrum Equity Partners
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Slang AI just raised $36M: Can its voice AI really handle chaos of private dining better than human host?Tech Funding News•Feb 24, 2026•Slang, Thayer Investment Partners, USVP, Active Capital and 5 others
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Letter AI Raises $40M in Series B FundingFinSMEs•Feb 24, 2026•Letter AI, Northwestern Mutual, Stage 2 Capital, Y Combinator and 2 others
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Employee screening platform Veremark raises £19m roundUKTN•Feb 04, 2026•Salica Investments, ACF Investors, Gresham House Ventures, Veremark and 2 others
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Letter AI Secures $10.6 Million in Series A FundingJinglingshuju•Oct 23, 2025•Letter AI, Northwestern Mutual, Stage 2 Capital, Y Combinator and 1 other
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Basis Theory Raises $33M in Series B FundingFinSMEs•Oct 14, 2025•Basis Theory, Moneta Ventures, Offline Ventures, Kindred Ventures and 4 others
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Tie secures $10M to help e-commerce brands build direct audience relationshipsRefresh Miami•Oct 01, 2025•Caraway, Simpson Strong-Tie, Share Local Media, Innovating Capital and 7 others
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Portland startup Fiveonefour funding totals $17MSilicon Florist•Sep 04, 2025•Neoclassic Capital, fiveonefour, Dimension, Volt Capital and 4 others
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Rally UXR Secures $11M Series A Funding Led by Canapi VenturesFinSMEs•Jun 02, 2025•Rally, Canapi Ventures, Stage 2 Capital, Y Combinator
