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Stage 2 Capital

Kingmaker TierBased on the data VC Catalog holds.

Kingmaker Tier: 96 out of 100

Also known as Stage 2 Capital Fund, Stage 2 Capital Fund II A, Stage 2 Capital Fund II-A, L.P., Stage 2 Capital Fund III A, Stage 2 Capital Fund III-A, LP, Stage 2 Capital Fund IV A, Stage 2 Capital Fund IV-A, LP, Stage 2 Capital Growth Series LLC Series SIA

  • AI models & AI infrastructure
  • Banking & lending
  • Cloud & networking
  • Crypto & blockchain
  • Cybersecurity
  • Data & analytics
  • Developer tools
  • Finance operations
  • HR & future of work
  • Insurance
  • Legal, compliance & govtech
  • Payments
  • Productivity & collaboration
  • Sales & marketing tech
  • Vertical software
  • Wealth & investing
  • Pre seed
  • Seed
  • Series A
  • AI native
  • US
  • Europe
  • Global
  • Latam
  • VC
  • B2B
Investor type
VC
Investing status
Activeas of 2026-09-18Source (opens in a new tab)
Headquarters
LINCOLN, MA, United States
Founded
2018
Assets under management
$354MForm ADV private fund GAV, as of 2026-07-13Source (opens in a new tab)
Latest fund size
$15.5MSEC amount sold, as of 2022-05-01Source (opens in a new tab)
Funds
30
Check size
$200K to $5MSource (opens in a new tab)
Legal name
STAGE 2 CAPITAL ADVISORS, LLC
Claim, correct or request removal

Record updated 29 September 2026

About

Stage 2 Capital is a venture capital fund led and backed by 1,000+ go-to-market executives from companies including Anthropic, Databricks, OpenAI, Salesforce, Snowflake and HubSpot. The fund writes $200K-$5M checks into pre-seed to Series A B2B software and AI startups, pairing capital with go-to-market expertise.

Investment approach

Thesis
Go-to-market is the hardest problem in early-stage software. It means finding product-market fit, positioning your product, building a sustainable sales engine, and growing the customers you win. It's the work that makes or breaks a company, and it's consistently underestimated. We built Stage 2 Capital to change that. Every investment pairs two partners: one partner with deep VC and finance experience, and one who has built, run, and scaled go-to-market teams as an operator. Behind them sits an LP network of 1,000+ GTM executives from the leading tech companies in the world. This network is actively engaged with the portfolio - they will take a call, make an introduction, or act as an advisor to ensure we’re delivering against our promise to provide GTM support throughout the company-building journey. Our approach is rooted in the Science of Scaling, a methodology that turns a company's own data into answers to the two hardest GTM questions: when to scale, and how fast.Source (opens in a new tab)
Leads rounds
Sometimes
Lead policy
Yes. Stage 2 Capital leads, co-leads, or follows, depending on what's right for the company and the round.
Takes board seats
Sometimes
Board policy
Yes, but a board seat is not a requirement. The level of board involvement depends on the stage, ownership level and structure of the investment.
Eligibility
Stage 2 Capital invests in early-stage B2B software and AI companies, from pre-seed through Series A.
Investing status notes
We invest $200K–$5M in B2B software and AI companies from pre-seed to Series A

Funds

Stage 2 Capital Fund IV-A, LP
Vintage 2024Main fund
Stage 2 Capital Fund IV, LP
Vintage 2024Main fund
Stage 2 Capital Fund III-A, LP
$134MVintage 2022, Main fund, SEC amount sold
Stage 2 Capital Fund III, LP
$15.5MVintage 2022, Main fund, SEC amount sold
Stage 2 Capital SPV SIA III, LP
$1.8MVintage 2022, Main fund, SEC amount sold
Stage 2 Capital SPV GIG, LP
$895KVintage 2022, Main fund, SEC amount sold
Stage 2 Capital SPV Growth Series LLC - Series Order.co
Vintage 2022Main fund
Stage 2 Capital SPV Growth Series LLC - Series Negotiatus
$15MVintage 2021, SPV, SEC amount sold
Stage 2 Capital Growth Series LLC - Series SIA
$5MVintage 2021, SPV, SEC amount sold
Stage 2 Capital SPV SIA II, LP
$1.6MVintage 2021, Main fund, SEC amount sold
Stage 2 Capital SPV SD, LP
$1MVintage 2021, Main fund, SEC amount sold
STAGE 2 CAPITAL SPV MP, LP
$1MVintage 2021, Main fund, SEC amount sold
More funds
18 more recorded

SEC registration

Registered adviser
STAGE 2 CAPITAL ADVISORS, LLC
SEC file number
802-130173
Registration
Exempt reporting adviser
Regulatory AUM
$354Mas of 2026-07-13
Private funds reported
19
SEC CIK
1756267, 1796926, 1808741

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