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Two Sigma Ventures is an early-stage venture capital firm based in New York City, originating from the quantitative hedge fund Two Sigma Investments. It invests in technical founders leveraging data, computation, and AI across sectors like enterprise software, fintech, robotics, and healthcare. In 2025, the team spun out as an independent firm named Deviation Capital.
Deal activity decreased year-over-year (2 deals in the last 12 months vs 7 prior). Average disclosed round size is $47.4M (across 180 rounds with reported amounts).
Portfolio
114
Fund Size
$300M
Top Stage
Series A
Last 12 Mo
2
Team
DP
Dusan Perovic
Partner
FS
Frances Schwiep
Partner
MJ
Matt Jacobus
Venture Partner
SC
Sidney Costabile
Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
190 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Freeform | Series B | $67M | Feb 2026 |
 Freeform | Series B | $67M | Feb 2026 |
| Freeform | Series B | $67M | Jan 2026 |
 Gameto | Series C | $44M | Aug 2025 |
 Bedrock Robotics: | Series C | $80M | Jul 2025 |
 NetBox | Series B | $35M | Jul 2025 |
 Cerby | Series B | $40M | May 2025 |
 Steadily | Series C | $30M | Apr 2025 |
 Tive | Series C | $40M | Jan 2025 |
 Arda Therapeutics | Series A | $43M | Oct 2024 |
 Distributional | Series A | $19M | Oct 2024 |
 Moxxie Ventures | Unknown | $95M | Jul 2024 |
 Comet | Series A | $5M | Jul 2024 |
 Crossover Markets | Series A | $12M | Jun 2024 |
| Gameto | Series C | $33M | May 2024 |
 Ansel | Series A | $15M | Jan 2024 |
| NetBox | Series B | $35M | Jan 2024 |
 Terray | Seed | $20M | Nov 2023 |
 Cosmos Innovation | Series A | $19.7M | Oct 2023 |
 Objective | Unknown | $13M | Oct 2023 |
 Membrane Labs | Series A | $20M | Oct 2023 |
| MMembrane Labs, Inc. | Series A | $20M | Oct 2023 |
| Cerby | Series A | $17M | Aug 2023 |
 Hyper Online | Seed | $3.6M | Jun 2023 |
| NetBox | Series A | $20M | Apr 2023 |
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Top Co-Investors
Felicis16 shared
Digitalis Ventures13 shared
Madrona Venture Group13 shared
Founder Collective13 shared
Mubadala Ventures12 shared
Alexandria Venture Investments12 shared
GV11 shared
Andreessen Horowitz11 shared
Scale Venture Partners11 shared
Index Ventures10 shared
DCVC10 shared
Lux Capital10 shared
Obvious Ventures9 shared
RRE Ventures9 shared
Accel8 shared
Sorenson Capital8 shared
Khosla Ventures7 shared
Y Combinator7 shared
Catalio Capital Management7 shared
Trilogy Equity Partners7 shared
Last updated: 20 October 2026