Stepstone is a venture capital firm that focuses on long-term capital appreciation by investing in venture capital and growth equity opportunities within the "innovation economy," spanning sectors like enterprise IT, healthcare, and consumer internet. Their strategy involves a diversified approach through primary fund investments, direct investments in early and growth-stage companies, and secondary transactions.
Deal activity increased 40% year-over-year (21 deals in the last 12 months). Average disclosed round size is $181.8M (across 58 rounds with reported amounts).
Portfolio
60
Fund Size
—
Top Stage
Growth
Last 12 Mo
21
Team
JA
John Avirett
Partner
SK
Seyonne Kang
Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
60 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Night Media Inc. | Growth | $70M | Feb 2026 |
 Overland AI | Series D | $100M | Feb 2026 |
 Zanskar | Series C | $115M | Jan 2026 |
 Upscale AI | Series A | $200M | Jan 2026 |
 Hadrian | Growth | — | Jan 2026 |
| Hadrian | Growth | $180M | Jan 2026 |
 Black Forest Labs | Series B | $300M | Dec 2025 |
 Scribe | Series C | $75M | Nov 2025 |
 Crusoe | Series E | $1.4B | Oct 2025 |
 Seneca | Series A | $60M | Oct 2025 |
 Vercel | Growth | $300M | Sep 2025 |
 Filevine | Growth | $400M | Sep 2025 |
| Upscale AI | Seed | $100M | Sep 2025 |
 SiMa.ai | Growth | $85M | Aug 2025 |
 Stash | Series H | $146M | May 2025 |
 Apex | Series C | $200M | Apr 2025 |
 Exowatt | Series A | $70M | Apr 2025 |
 Auradine, Inc. | Series C | $153M | Apr 2025 |
 Cyberhaven | Series D | $100M | Apr 2025 |
 BuildOps | Series C | $127M | Mar 2025 |
| NNerdio | Series C | $500M | Mar 2025 |
 Infinite Uptime | Series C | $35M | Mar 2025 |
 Regie.ai | Series B | $30M | Feb 2025 |
| RRecycle Track Systems, Inc. (RTS) | Series B | $40M | Jan 2025 |
 KoBold Metals | Series C | $537M | Jan 2025 |
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Top Co-Investors
Lightspeed Venture Partners6 shared
Mayfield Fund6 shared
Andreessen Horowitz6 shared
Insight Partners5 shared
MVP Ventures5 shared
General Catalyst5 shared
Lux Capital5 shared
Edison Partners4 shared
Tiger Global Management4 shared
Qualcomm Ventures4 shared
Redpoint Ventures4 shared
Schroders Capital4 shared
Founders Fund4 shared
Meritech Capital3 shared
Scale Venture Partners3 shared
Bain Capital Ventures3 shared
BOND3 shared
D1 Capital Partners3 shared
T. Rowe Price3 shared
Maverick Silicon3 shared
Last updated: 13 March 2026