Latest fund size
$100M
Announced
November 11, 2026
Global HQ
United States
Members only
Check size
$200K-$5M
Members only
Stage focus
Pre-Seed, Seed, Series A
Members only
Regions of investment
North America
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Stage 2 Capital is a Boston-based venture capital firm co-founded by Jay Po and Mark Roberge to pair capital with go-to-market expertise for early-stage B2B companies. Roberge was the founding CRO at HubSpot and has taught sales, marketing, and entrepreneurship at Harvard Business School for over a decade; Po was previously an investor at Bessemer Venture Partners. The firm pairs each investing partner with a partner who has a go-to-market background and draws on a network of more than 1,000 go-to-market executives and operators.
Jay Po, Co-Founder and Managing Partner
Mark Roberge, Co-Founder and Managing Partner
Sakib Dadi, Partner
Liz Christo, Partner
Members only
Names, roles, emails and LinkedIn profiles for the team, plus the fund's website.
Stage 2 Capital invests in B2B AI companies, with an emphasis on helping founders build sustainable revenue through go-to-market strategy.
The firm applies a framework it calls the Science of Scaling to help founders decide when and how fast to grow.
Members only
What the fund looks for in founders and which sectors it backs.
Stage 2 Capital closed $100 million across two vehicles, Venture Fund IV and Catalyst IV, announced November 2026.
Venture Fund IV writes $2 million to $5 million checks into Seed through Series A companies, while Catalyst IV writes $200,000 checks into pre-seed companies, often as part of a company's first institutional round.
The close follows the firm's $150 million Fund III.
Limited partners include more than 1,000 go-to-market leaders and operators from companies including Anthropic, OpenAI, Databricks, Lovable, SpaceX, ElevenLabs, Snowflake, Harvey, and ServiceNow.
Members only
Fund size, LPs and track record.
Leadership
Investment Strategy
Stage 2 Capital uses a pod model that pairs a venture partner with a partner who has a go-to-market background, and connects portfolio founders to its network of GTM leaders through an AI-driven matching tool. The firm has invested in more than 100 startups to date.
Notable Investments
Notable Exits
Members only
Leadership, investment strategy, notable investments and exits.
