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The Venture Codex

Stage 2 Capital

160 East 48th Street, Unit 3S, New York, 10017, United States

Overview

Stage 2 Capital is a go-to-market venture capital fund that primarily invests in early-stage B2B software companies. Backed by top go-to-market professionals from leading tech companies, Stage 2 Capital leverages its deep sales expertise to help entrepreneurs scale their businesses in addition to providing capital.

Total investments
63
Lead investments
23
Investments · 12mo
11
Active investors
9

Sector focus

  • Business Development
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Axle

    Participated · Series A · Aug 2026

    Axle provides infrastructure and AI agents that integrate with fragmented carrier systems to normalize unstructured insurance data into a single API for third parties. The company automates workflows including verification, monitoring, and policy updates and has tripled the number of workflows it automates in the past six months. Axle says it clears more than $100B in coverage annually for over 4,000 customers, including Rocket Mortgage, Avis, Experian, and Sonic Automotive, and has helped customers speed workflows by 20x and recover over $220M in losses. Founded by Cameron Duncan, Armaan Sikand, and Nihar Parikh, Axle plans to expand its clearinghouse to more than 50 segments spanning Home, Auto, Renters, Commercial, and Specialty and deepen direct carrier relationships. The company positions itself as the programmable clearinghouse for insurance used by dealers, lenders, rental companies, employers, and large enterprise customers.

  • MedScout

    Participated · Equity · Mar 2026

    MedScout offers a data-driven platform that ingests procedure volumes, referral networks, payer dynamics and other real-world healthcare data to surface high-value physician and facility targets for medical technology companies. Its new product module, Strategies, deploys customized AI agents that turn corporate commercial priorities into territory-specific plans for field representatives, integrating directly into existing CRM workflows. Since customers gained access to Strategies in late 2025, usage has accelerated, with 81% more unique AI agents deployed month-over-month and monthly active sales reps up 135%. The company reports that enterprise revenue has tripled since its Series A in July 2024 as hundreds of MedTech organizations adopt the platform. Example use cases span surgical robotics, diagnostic imaging and cardiology devices, where clients can pinpoint clinicians most likely to adopt new technologies. MedScout’s tools aim to boost sales effectiveness, streamline market entry and ultimately speed patient access to innovative treatments.

  • Slang

    Participated · Series B · Feb 2026

    Founded in 2019, Slang AI has built a custom-trained, agentic voice platform that handles inbound guest calls, books reservations, routes high-value requests and recognizes returning guests, allowing hospitality staff to focus on in-person service. The system operates 24/7 and integrates with tools such as OpenTable, SevenRooms, Tripleseat and Yelp. Slang AI claims a dataset of 25 million calls from 10 million unique guests across more than 2,000 restaurant locations, enabling 95%+ guest satisfaction, a 2× lift in phone reservations and up to 20× ROI for operators. The company has raised $68 million in funding to date and reports a sustainable competitive advantage through its proprietary data moat. Future product plans include deeper AI capabilities, multi-modal experiences, personalized recommendations, post-visit follow-ups and expanded analytics for operators. The new capital will also support scaling of engineering, product and go-to-market teams as demand surges.

  • Letter AI

    Participated · Series B · Feb 2026

    Letter AI is an AI-first platform that unifies content, coaching, learning and buyer engagement to help go-to-market teams close deals more effectively. Instead of relying on static playbooks, the software ingests live CRM data and customer interactions to generate personalized guidance in the flow of a deal. Enterprises such as Lenovo, Adobe, Novo Nordisk, Plaid, Zip, RingCentral, Kong and SolarWinds use the system across more than 30 countries. The company was recently named G2’s Highest Momentum Leader in Sales Enablement and earned 21 badges in the G2 Winter Reports, underscoring strong customer adoption and satisfaction. Headquartered in Chicago, Letter AI was co-founded by CEO Ali Akhtar and CTO Armen Forget. With its latest capital infusion, the firm plans to scale product development, grow its global team and accelerate go-to-market efforts as it positions itself as an AI-native alternative to fragmented legacy tools.

  • Veremark

    Participated · Series B · Feb 2026

    Veremark is a London-based workplace trust company that helps organisations verify, monitor, and manage employee credentials and conduct throughout the employment lifecycle. Its platform combines pre-hire background checks with continuous rescreening, anonymous whistle-blowing tools, and reporting features that surface concerns early to maintain workplace standards. The company can deliver criminal, employment, sanctions, credit, and bankruptcy checks across more than 180 countries and is building digital credentialing services such as its blockchain-based career passport, Verepass, which lets candidates control verified records. Veremark’s revenue run rate grew 300% in 2025, underscoring rapid commercial momentum. It recently bolstered capabilities through the acquisition of specialist provider Agenda Screening Services. Today the firm employs more than 200 people, operates seven offices worldwide, and serves over 6,000 clients including OVO Energy and Schneider Electric. With rising AI-driven fraud risks, Veremark positions its “always-on” trust approach as a critical compliance solution for regulated and multinational employers.

Team