Stage 2 Capital Advisors
Stage 2 Capital: the first VC fund backed by 1,000+ GTM execs from Anthropic, Databricks, OpenAI, Salesforce, Lovable, Snowflake + more. We write $200K-$5M checks into pre-seed to Series A B2B and AI startups.
In the firm's own words, from its website.
119 additional team members, 18 additional co-investors and affiliates, 32 additional investments, funds and LPs, 22 events, 219 verified contacts (217 professional url, 1 general firm email, 1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 4 companiesnew in 12 months
4 new companies in the last 12 months. Latest round Axle Series A ($17.5M round) on 11 Aug 2026.
A firm writing cheques this quarter is one a founder can pitch now.
- 2 of 4enter at Series B+
Its site says pre seed, seed, series a, early stage, but 2 of 4 first entries on record are Series B or later.
rounds to 11 Aug 2026 · A founder raising at the stage the site names should know where the cheques have actually gone.
People to know
View all people- CIO, Rainwater Charitable FoundationWhy: Chief investment officer: owns the allocation decisionProfile
- Managing MemberWhy: Named with investment responsibilityNo route on file yet
- Managing MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
181 connected entities7 observed rounds2 dated rounds shown here, 2026
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Stage 2 Capital Advisors: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Stage 2 Capital Advisors
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
11 companies on record, 4 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Dear Stage 2 | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| More Info | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| Axle | Series A · Series A | participant | unknown | $17.5M | unknown | Aug 11, 2026 | Fact Press release |
Stated thesis versus observed behaviour
- Sectors
- ai, enterprise software, fintech, healthcare, medtech, data infrastructure, b2b, vertical saas
- Stages
- pre seed, seed, series a, early
- Geography
- australia, bay area, globally, uk
- Check size
- $200,000 to $5.0M stated by the firm
- Self-described
- venture capital
Team
122 current, 2 departed
Decision makers
- Aaron Bigbee · CIO, Rainwater Charitable FoundationWhy this person: Chief investment officer: owns the allocation decision; Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01LinkedIn or profile link on file (firm website, their bio on the firm's website), confirmed 2026-10-01, confidence 90%
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 1 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Member · 5 deals attributed
- Managing Member
- CIO, Rainwater Charitable Foundation
Contacts
1 general firm email, 1 firm phone, 217 professional url on record, each with its source. Values open with the complete profile.
Funds and LPs
27 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Stage 2 Capital Fund Iii-A, L.P. | Feeder or parallel | 2022 form d first sale | Active deployment | $133M Jul 13, 2026 | 186 | $134M | May 6, 2022 |
| Stage 2 Capital Fund III L.P. | Fund | 2022 form d first sale | Active deployment | $15.0M Jul 13, 2026 | 80 | $15.4M | May 6, 2022 |
| Stage 2 Capital Spv Growth Series LLC - Series Sia | Growth fund | 2022 form d first sale | Active deployment | $5.2M May 8, 2024 | 1 | $5.0M | Apr 19, 2022 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
21 co-investors · on 1 other DFX graph
Co-investors
- 2026-09-301 shared deal · one time
- 2026-08-111 shared deal · one time · they led 1
- 2026-02-241 shared deal · one time
Across DFX and the capital chainon 1 other DFX graph ShowHide
- The same institution is held on RIA and Wealth, matched by identifier. See which records
Stage 2 Capital Advisors is the same institution as 1 record in RIA and Wealth.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Evidence and history
27 dated events, 60 observations from 3 sources
Timeline
- seen on or beforeSep 15, 2026Stage 2 Capital Advisors: INSTITUTIONAL_VC -> MULTI_STAGE_VC (both early and growth/opportunity families, reported GAV $251M)Classification changedClassificationInference
- Jul 13, 2026Stage 2 Capital Fund Iv-A, LP first reported on Form ADV by Stage 2 Capital Advisors (Venture Capital Fund), GAV $58,486,621
- Jul 13, 2026Stage 2 Capital Fund IV, LP first reported on Form ADV by Stage 2 Capital Advisors (Venture Capital Fund), GAV $13,872,476
- Mar 31, 2024Stage 2 Capital Spv Ppk, LP first reported on Form ADV by Stage 2 Capital Advisors (Venture Capital Fund), GAV $718,084
- Mar 31, 2024Stage 2 Capital Spv Sd, LP first reported on Form ADV by Stage 2 Capital Advisors (Venture Capital Fund), GAV $1,022,261
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Jul 13, 2026 · 19 private fundsShowHide
- Headquarters
- unknown
- Office address
- unknown
- Business phone
- unknownadviserinfo.sec.gov
- Website
- stage2.capital
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Jul 13, 2026
- Private funds reported
- 19 (19 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $354Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried5 on recordShowHide
- Sep 30, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $322M
- Sep 23, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $366M
- Sep 15, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $251M
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $251M across 25 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $251M across 23 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Jul 13, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Jul 13, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | May 8, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Jul 13, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Jul 13, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | May 8, 2024 | Fact | Form ADV |
| First Form ADV filing | 2024-03-31 | Jul 13, 2026 | Fact | Form ADV |
| First Form ADV filing | 2024-03-31 | May 8, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-07-13 | Jul 13, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-07-13 | Jul 13, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-05-08 | May 8, 2024 | Fact | Form ADV |
| SEC status | Jul 13, 2026 | Fact | Form ADV | |
| SEC status effective | 2024-03-31 | Jul 13, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Jul 13, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | May 8, 2024 | Fact | Form ADV |
| Business phone | Jul 13, 2026 | Fact | Form ADV | |
| Business phone | May 8, 2024 | Fact | Form ADV | |
| Description | Sep 30, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 15, 2026 | Fact | ||
| Self-described type | Venture capital | Sep 30, 2026 | Fact | |
| Self-described type | Venture capital | Sep 16, 2026 | Fact | |
| Self-described type | Venture capital | Sep 15, 2026 | Fact | |
| Legal form | Limited Liability Company | Jul 13, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | May 8, 2024 | Fact | Form ADV |
| Portfolio page | Sep 30, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 15, 2026 | Fact | ||
| Private funds reported | 19 | Jul 13, 2026 | Fact | Form ADV |
| Private funds reported | 19 | Jul 13, 2026 | Fact | Form ADV |
| Private funds reported | 23 | May 8, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $354M | Jul 13, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $354M | Jul 13, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $251M | May 8, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 25, 2026 | Fact | Form ADV |
| Stated check (high) | $5.0M | Sep 30, 2026 | Fact | |
| Stated check (high) | $5.0M | Sep 16, 2026 | Fact | |
| Stated check (high) | $5.0M | Sep 15, 2026 | Fact | |
| Stated check (low) | $200,000 | Sep 30, 2026 | Fact | |
| Stated check (low) | $200,000 | Sep 16, 2026 | Fact | |
| Stated check (low) | $200,000 | Sep 15, 2026 | Fact | |
| Stated geography | Australia, bay area, globally, UK “geography words on the home page” | Sep 30, 2026 | Fact | |
| Stated geography | Australia, bay area, globally, UK “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | Australia, bay area, globally, UK “geography words on the home page” | Sep 15, 2026 | Fact | |
| Stated sectors | AI, enterprise software, fintech, healthcare, medtech, data infrastructure, B2B, vertical SAAS “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | AI, enterprise software, fintech, healthcare, medtech, data infrastructure, B2B, vertical SAAS “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, enterprise software, fintech, healthcare, medtech, data infrastructure, B2B, vertical SAAS “sector words on the home page” | Sep 15, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 15, 2026 | Fact | |
| Team page | Sep 30, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 15, 2026 | Fact | ||
| Venture funds reported | 19 | Jul 13, 2026 | Fact | Form ADV |
| Venture funds reported | 19 | Jul 13, 2026 | Fact | Form ADV |
| Venture funds reported | 23 | May 8, 2024 | Fact | Form ADV |
| Website | Jul 13, 2026 | Fact | Form ADV | |
| Website | May 8, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 15, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShowHide
Both early and growth/opportunity families, reported GAV $322M
- importance
- gav: 0.46 · funds: 1 · people: 1 · investments: 0.4 · co investors: 0.53
- active deployment
- investments 12m: 0.63 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: 2026-08-11
- emerging manager
- fund count: 28 · reported gav: $322M · first adv filing: 2024-03-31 · years since first filing: 2.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Organization classification changed2026-09-15
- Merged in2026-09-13
- Adviser's first ADV filing2024-03-31source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.