About Stereo Capital
Stereo Capital is a venture capital firm founded in 2013. It is primarily based out of Palo Alto, United States. As of Aug 2024, Stereo Capital has invested in 17 companies. It primarily invests in Series C round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Enterprise Infrastructure and High Tech. Most recently it participated in the $***** Series D round of HomeLight Overall, Stereo Capital portfolio has seen 4 unicorns, 1 IPO and 7 acquisitions including key companies like Fastly, HomeLight and Iterable. A lot of funds co-invest with Stereo Capital, with names like Blue Cloud Ventures sharing a substantial percentage of its portfolio. Stereo Capital has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series C, Series D & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Stereo Capital's List of Top Investments
Stereo Capital has a portfolio of 17 companies, including 4 unicorns. Their most notable investments are in Lendio and Arctic Wolf.Their portfolio spans across and United States. They have invested in Enterprise Applications, Enterprise Infrastructure, High Tech and 7 other sectors, across stages such as Series C, Series D and 2 more. Here is the list of top investments by Stereo Capital:1. Zumper
Provider of a home rental listing platform for residential properties. It facilitates tenants and landlords and agents to find and rent apartments. It facilitates landlords to search for renters, screen renters, and collect rent online. It also facilitates communities to explore apartment network sites, and support from accounts managers. The mobile app is available for download on android and iOS devices.
Key facts about Zumper
- Founded Year: 2011
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $175M
- Employee Count: 134 as on Jul 31, 2026
- Investors: Dawn Capital, Xfund and 23 Others
- Latest Funding Round: Series D, Jan 26, 2022, $*****
- Highlight: Editors' Pick
2. Fastly
Provider of edge cloud platform services for building and delivering applications. The platform enables creation of fast, secure, and scalable sites. It offers network services for secure networks with predictable pricing. The platform provides solutions for ecommerce, streaming media, travel, hospitality, and financial services.
Key facts about Fastly
- Founded Year: 2011
- Location: San Francisco (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $224M
- Employee Count: 1,450 as on Jul 31, 2026
- Investors: August Capital, TrueBridge and 23 Others
- Latest Funding Round: Post IPO, Mar 03, 2021, $*****
- Highlight: Public
3. HomeLight
Provider of an online recommendation platform for brokers. It matches homebuyers with real estate agents based on a proprietary algorithm for personalized agent recommendations based on sales data, customer reviews, location-based expertise, etc. Agents only pay for the service if they get a new client out of the process. It also allows mortgage lenders to build referral relationships with agents.
Key facts about HomeLight
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $314M
- Employee Count: 493 as on Jul 31, 2026
- Investors: Western Technology Investment, TriplePoint Capital and 31 Others
- Latest Funding Round: Series D, Aug 26, 2024, $*****
- Highlight: Editors' Pick
4. Aryaka
Provider of unified secure access service edge and software-defined wide area network. The company delivers network security, cost-effective operations, and agile delivery. It offers integrated network security to reduce attack surfaces and risks. The company provides services for global connectivity, firewall, and converged networking. It also offers support for multi-cloud, SaaS acceleration, and integrated third-party services.
Key facts about Aryaka
- Founded Year: 2009
- Location: Santa Clara (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $192M
- Employee Count: 552 as on Jul 31, 2026
- Investors: Goldman Sachs, Realization Capital Partners and 9 Others
- Latest Funding Round: Series F, May 01, 2019, $*****
- Highlight: Editors' Pick
5. Iterable
Cloud based omnichannel personalized marketing platform. It is an enterprise email platform that enables marketers to send highly personalized emails optimized for desktop and mobile. The platform allows marketers to segment customers into different groups and use workflow tools to build a map for automating consumer engagement. Integrates with Mixpanel and Segment.io. Customers include BetterDoctor, Eat24, DanceOn, Dot Bo, Memebox, and Pinrose. The platform also engages customers through SMS and in app notifications.
Key facts about Iterable
- Founded Year: 2013
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $343M
- Employee Count: 873 as on Jul 31, 2026
- Investors: Glynn Capital, Adams Street Partners and 30 Others
- Latest Funding Round: Series E, Jun 15, 2021, $*****
- Highlight: Editors' Pick
Stereo Capital's Year-on-Year Investment Trends
Stereo Capital has invested in 17 companies over the last 10 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Webscale and most recent follow-on round was in HomeLight.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 1 | 1 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 2 | 0 | 2 |
2020 | 2 | 1 | 3 |
2019 | 2 | 2 | 4 |
2018 | 1 | 0 | 1 |
Stereo Capital's Investments by Stage
Stereo Capital has made 4 investments in Series C stage with an average round size of $35.5M, 2 investments in Series D stage with an average round size of $58.5M, 1 investment in Conventional Debt stage with an average round size of $46M and 1 investment in Series B stage with an average round size of $22M.Stage of entry | No. of Investments |
|---|---|
Series C | 4 |
Series D | 2 |
Conventional Debt | 1 |
Series B | 1 |
Note: We have considered here, only first round of investments
Stereo Capital's Investments by Sector
Stereo Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Enterprise Infrastructure, Real Estate and Construction Tech and FinTech. Notably, it has invested in 17 Tech companies, 16 Enterprise (B2B) companies, 15 Software companies and at least 12 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
Consumer | 3 |
Enterprise Infrastructure | 3 |
Real Estate and Construction Tech | 2 |
FinTech | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
Stereo Capital's Investments by Geography
Stereo Capital has made most investments in United States (8).Stereo Capital's recent investments
Stereo Capital has not made any investment in 2026 so far.Here are the most recent investments by Stereo Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 26, 2024 | United States | Series D | 3971 | [+1] | |
Mar 04, 2021 | United States | Series C | 4360 | [+3] | |
Feb 23, 2021 | United States | Series D | 4521 | [+7] | |
Jun 22, 2020 | United States | Series B | 4605 | [+4] | |
Mar 11, 2020 | United States | Series D | 3559 | [+2] |
Unicorns in Stereo Capital's Portfolio
Stereo Capital has 4 unicorns in its portfolio - Arctic Wolf, Helium, HomeLight and others. The most recent unicorn in their portfolio is Arctic Wolf. It became a unicorn in 2022, 2 years after Stereo Capital first invested in it.Here is a list of unicorns in Stereo Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
62 | Provider of managed detection, incident response, and security awareness solutions | 2012 | Eden Prairie | Series G | tjcqmku | ||
66 | Hardware mining solutions for cryptocurrency | 2006 | San Francisco | Series D | rirhhuj | ||
73 | Provider of an online recommendation platform for brokers | 2012 | San Francisco | Series D | ehokpvt | ||
71 | Cloud based omnichannel personalized marketing platform | 2013 | San Francisco | Series E | oaspfna |
IPOs and Publicly Listed companies in Stereo Capital's Portfolio
1 of Stereo Capital's portfolio company became public - Fastly. It got listed on the New York Stock Exchange (NYSE), in May 2019 at marketcap of $1.45BHere are Stereo Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 17, 2019 | - | - | 2674 |
Acquired companies in Stereo Capital's Portfolio
7 companies from Stereo Capital's portfolio have been acquired. The most recent acquisition was Wrike in Jul 2023 by STG for $*****.Here are Stereo Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 07, 2023 | - | - | 4391 | |
Aug 02, 2022 | - | - | 8566 | |
May 09, 2022 | Jun 22, 2020 | Series B | 2445 | |
Apr 09, 2019 | - | - | 2934 | |
Jun 30, 2015 | - | - | 3488 |
Team profile of Stereo Capital
Stereo Capital has a team of 2 members including 2 Partners located in United States. Stereo Capital's team does not sit on the board of any company as of now.Co-investors of Stereo Capital
Over the past 10 years, 104 investors have co-invested in Stereo Capital's portfolio companies. This includes funds and angels.
- Invested before Stereo Capital: 500 Global, Adams Street Partners and 64 others have invested in rounds before Stereo Capital. There are 2 companies where 500 Global has invested before Stereo Capital and 2 companies where Adams Street Partners has invested before Stereo Capital.
- Top Co-investors of Stereo Capital: 14 investors entered a company along with Stereo Capital. These include investors like Blue Cloud Ventures (2 companies).
- Invested after Stereo Capital: A total of 24 investors have invested in Stereo Capital's portfolio after their investments. Top Investors include DTCP (2 companies), Viking Global Investors (2 companies) and Headline (1 company).
Recent News related to Stereo Capital
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HomeLight Launches AI-Powered Buy Before You Sell Product for Lenders and Agents; Raises $20M in Additional EquityBusiness Wire•Aug 26, 2024•HomeLight, Zeev Ventures, Stereo Capital, Menlo Ventures and 1 other
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Real estate tech firm HomeLight valued at $1.6B in latest funding roundSeeking Alpha•Sep 02, 2021•HomeLight, Zeev Ventures, Group 11, Menlo Ventures and 3 others
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Ecommerce Cloud Provider Webscale Raises $26m In Growth FinancingHostingJournalist•Mar 08, 2021•Webscale, SVB, Benhamou Global Ventures, Mohr Davidow Ventures and 2 others
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PerimeterX Raises $57M in FundingFinSMEs•Mar 01, 2021•HUMAN, AllianceBernstein, Stereo Capital, JSCapital and 7 others
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Web apps protection firm PerimeterX raises USD 57 mlnTelecompaper•Feb 24, 2021•HUMAN, AllianceBernstein, Stereo Capital, JSCapital and 7 others
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Scalefast Raises $22M Series B Round to Lead Future of Direct-to-Consumer eCommerceBusiness Wire•Jun 30, 2020•Scalefast, Xplorer Capital, Stereo Capital, FJ Labs and 3 others
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Security firm Arctic Wolf lands $60M in late-stage fundingSiliconAngle•Mar 11, 2020•Arctic Wolf, Blue Cloud Ventures, Stereo Capital, Delta-v Capital and 1 other
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Rental platform Zumper raises $60M in Series D roundInman•Mar 10, 2020•Zumper, e.ventures, Greycroft, Dawn Capital and 16 others
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Fintech startup Lendio closes $55M Series E funding to help find perfect loans for small business ownersTechStartups.com•Feb 27, 2020•Lendio, Mercato Partners, Signature Bank, Napier Park Global Capital and 5 others
