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.
Average disclosed round size is $185.3M (across 63 rounds with reported amounts).
Portfolio
65
Fund Size
—
Top Stage
Series B
Last 12 Mo
20
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
65 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| NNeuBird AI | Series A | $19.3M | Apr 2026 |
 Sift | Series B | $42M | Mar 2026 |
 Night Media Inc. | Growth | $70M | Feb 2026 |
 Overland AI | Series D | $100M | Feb 2026 |
 Kasada | Series B | $20M | Feb 2026 |
 Zanskar | Series C | $115M | Jan 2026 |
 Upscale AI | Series A | $200M | Jan 2026 |
 Hadrian | Unknown | — | 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 B | $60M | Oct 2025 |
 Base Power | Series C | $1B | 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 |
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Top Co-Investors
Lightspeed Venture Partners7 shared
Mayfield Fund7 shared
Andreessen Horowitz7 shared
MVP Ventures6 shared
Insight Partners5 shared
General Catalyst5 shared
Lux Capital5 shared
Edison Partners4 shared
Tiger Global Management4 shared
Qualcomm Ventures4 shared
Redpoint Ventures4 shared
Schroders Capital4 shared
BOND4 shared
Founders Fund4 shared
Altimeter Capital4 shared
1789 Capital4 shared
Meritech Capital3 shared
Glade Brook Capital Partners3 shared
Scale Venture Partners3 shared
Bain Capital Ventures3 shared
Last updated: 24 April 2026