Stage 2 Capital, a Boston, MA-based venture capital firm, launched its $80m Fund II.
Backed by an LP base of GTM executives, Fund II will continue Stage 2 Capital’s strategy of combining deep venture capital expertise with go-to-market experience in selecting B2B software companies and accelerating their revenue growth.
With Fund II, Stage 2 Capital expects to support a portfolio of ~20 late seed stage to Series A investments and to lead rounds with an average check size of $2MM-3MM. The fund has already announced its first few investments in DeepScribe, Arcade, QuotaPath, and Sales Impact Academy. Past investments include companies like Sendoso in SF, Ocrolus in NY, Gosite in San Diego, and Reibus in Atlanta.
Launched in September of 2018 by Jay Po, Co-founder and Managing Partner, and Mark Roberge, former CRO at HubSpot, Stage 2 Capital kicked off with a $15 million Fund I and now sees a 5x+ increase in the size of its second fund. The firm works closely with each portfolio company, leveraging a deep bench of LPs who are CROs, CMOs, CCOs, Head of Customer Success and senior executives from companies like Snowflake, Zoom, Salesforce, Smartsheet, Atlassian, Oracle, Asana, Twilio, LinkedIn, SAP, Workday, Github, AWS, Dropbox, among others to help build a sustainable revenue engine.