RECENT FUNDING
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StepStone Group portfolio

StepStone Group has 45 portfolio companies on record at Recent Funding, with 10 investments in the last 12 months.

Website: stepstonegroup.com.
X: @stepstonegroup.
Type: Fund of funds.
Portfolio on Recent Funding: 45.
Deals, last 12 months: 10.
Rounds led: 7 of 37.
Capital in their rounds: $4.83B.
Latest deal: Mercor · Nov 10, 2026.
About this page

It is a fund of funds based in Charlotte, US, founded in 2019. It led 7 of the 37 rounds it joined. Its most recent investment on record is Mercor's $750M Series B+ round in November 2026, alongside Glade Brook Capital, Nvidia, Sapphire Ventures and 6 others. By category, its portfolio leans toward Developer tools and cloud (13) and Cybersecurity (8). It has co-invested with Mayfield Fund, MVP Ventures and Tiger Global Management, most often Mayfield Fund (5 rounds).

About StepStone Group

Firm type: Fund of funds.
Headquarters: Charlotte, US.
Founded: 2019.
Stages: Series B, Series C, Growth, Late Stage.
Sectors: Crypto & Web3, Fintech, PropTech, Sector Agnostic.
Leads rounds: Yes.
Portfolio companies: 4.
Exits: 0.
Rounds led: 29.

Fund returns

FundVintageSizeNet IRRTVPIDPIAs of
StepStone Tactical Growth Fund III, L.P.2020—10.3%1.33x0.30xSep 30, 2025
StepStone Tactical Growth Fund II, L.P.2017—28.2%2.88x1.54xSep 30, 2025
StepStone Tactical Growth Fund, L.P.2013—18.5%2.57x2.10xSep 30, 2025
StepStone Pioneer Capital Europe2006—6.5%1.44x1.42xJun 30, 2024
StepStone Pioneer Capital II2006—9.1%2.25x1.00xJun 30, 2025
StepStone Pioneer Capital I2004—5.1%1.30x1.31xDec 31, 2024
Stepstone Cc Opportunities Fund Llc Series A———1.24x0.53xDec 31, 2025
Stepstone Cc Opportunities Fund Llc Series B———2.10x0.27xDec 31, 2025
Stepstone Cc Opportunities Fund Llc Series C———1.68x0.63xDec 31, 2025
Stepstone Cc Opportunities Fund Llc Series D———1.66x0.47xDec 31, 2025
Stepstone Cc Opportunities Fund Llc Series E———1.47x0.01xDec 31, 2025
Stepstone Cc Opportunities Fund Llc Series F———0.96x0.00xDec 31, 2025

What StepStone Group invests in

StepStone Group recent investments

CompanyRoundDateAlongside
MMercorSeries B+ · $750MGlade Brook Capital, Nvidia, Sapphire Ventures +6
NNorthwoodSeries B+ · $375MWashington Harbour Partners, Alpine Space Ventures, DFJ Growth (lead) +2
SSiMa AISeries B+ · $150MAllianceBernstein, Maverick Capital, Alter Venture Partners +8
UUpscale AISeries A · $190MNvidia, Seligman Ventures, Tiger Global Management +6
EEDGE MarketsSeries A · $29.2MBullpen Capital, Mantis VC, CoinFund (lead) +1
MMultiverseSeries B+ · $70MGeneral Catalyst, Schroders Capital (lead), D1 Capital Partners +3
EExowattSeries A · $70MSam Altman, Thrive Capital, Atomic +6
SStandard NuclearSeries A · $140MWashington Harbour Partners, WELARA, Crucible Capital +5

How StepStone Group invests

StageDealsCapital in rounds
Series B+ 25 68%$3.93B
Series A 10 27%$786.2M
Seed 2 5%$117.2M
YearDealsCapital in rounds
2021 1 3%$87M
2022 8 22%$882M
2023 2 5%$75M
2024 5 14%$145M
2025 12 32%$1.67B
2026 9 24%$1.97B

StepStone Group portfolio companies

CompanyRound with StepStone GroupTotal raisedLatest raise
MMercor
AI agents
 Series B+ · $750M$1.24BNov 10, 2026
Series B+
NNorthwood
Robotics and hardware
 Series B+ · $375M$505MNov 2, 2026
Series B+
SSiMa AI
AI infrastructure and compute
 Series B+ · $150M$495MSep 28, 2026
Series B+
UUpscale AI
AI infrastructure and compute
 Series A · $190M$490MJun 22, 2026
Series A
EEDGE Markets
Prediction markets
 Series A · $29.2M$46.4MJun 8, 2026
Series A
MMultiverse
HR and recruiting
 Series B+ · $70M$290MMay 15, 2026
Series B+
EExowatt
AI infrastructure and compute
 Series A · $70M$140MMay 7, 2026
Series A
SStandard Nuclear
Climate and energy
 Series A · $140M$182MJul 16, 2026
round
FFederato
Insurance
 Series B+ · $100M$180MNov 18, 2025
Series B+
FFilevine
Legal and compliance
 Series B+ · $400M$508MSep 23, 2025
Series B+
TTrunk Tools
Real estate and construction
 Series B+ · $40M$60MJul 24, 2025
Series B+
RRadiant
Climate and energy
 Series B+ · $165M$616.2MDec 17, 2025
Series B+
SSiro
Sales and marketing
 Series B+ · $50M$50MMay 22, 2025
Series B+
BBuildOps
Fintech
 Series B+ · $127M$225.8MMar 21, 2025
Series B+
NNerdio
Developer tools and cloud
 Series B+ · $500M$625MMar 18, 2025
Series B+
IInfinite Uptime
Manufacturing and industrial
 Series B+ · $35M$59MMar 11, 2025
Series B+
RRevefi
AI agents
 Series A · $20M$30.5MJul 17, 2026
Series A
FFrore Systems
AI infrastructure and compute
 Series B+$243MMar 17, 2026
Series B+
TTranscend
Legal and compliance
 Series B+ · $40M · lead$40MMay 28, 2024
Series B+
AAnvilogic
Cybersecurity
 Series B+ · $45M$84MMay 10, 2024
Series B+
LLyka
Health and bio
 Series B+ · $25M · lead$129MMar 3, 2026
Series B+
EEverstream Analytics
Data and analytics
 Series B+ · $50M · lead$74MApr 4, 2023
Series B+
DDraftea Series A · $20M · lead$37.2MSep 4, 2022
Series A
IImmuta
Fintech
 Series B+ · $100M$217MAug 5, 2025
Series B+
BBlockdaemon
Stablecoins
 Series B+ · $207M$393.8MJan 26, 2022
Series B+
DDremio
AI agents
 Series B+ · $160M$390MJan 25, 2022
Series B+
TTuring
AI agents
 Series B+ · $87M$244MMar 6, 2025
Series B+
PPoolside
AI coding and devtools
 backer · source$500MOct 2, 2024
Series B+
BBlack Forest Labs
Climate and energy
 backer · source$31MAug 1, 2024
Seed
SSeneca
Robotics and hardware
 backer · source$60MOct 21, 2025
Series A
AApex
Robotics and hardware
 backer · source$311MApr 29, 2025
Series B+
TTrullion
Legal and compliance
 backer · source$18MJul 22, 2025
Series A
GGenius AI backer$44MJul 21, 2026
Series B+
CCuspAI
Manufacturing and industrial
 backer$580MJul 20, 2026
Series B+
CClay
Sales and marketing
 backer$115MSep 9, 2026
Series B+
MMonzo
Fintech
 backer$758.42MMay 8, 2024
round
SSolutions by Text
Stablecoins
 backer$110MMay 29, 2024
Series B+
SSubmittable
Consumer and social
 backerundisclosed—
HHarmonic Security
AI agents
 backer$67.5MOct 14, 2026
Series B+
VVercel's
AI coding and devtools
 backerundisclosedSep 30, 2025
Series B+
AAqua Security
Cybersecurity
 backer$321MFeb 9, 2024
round
VVoya Energy
AI infrastructure and compute
 backerundisclosedNov 14, 2025
Seed
HHypernative
L1s, L2s and rollups
 backer$25MJul 21, 2026
Series B+
CCyberhaven
Cybersecurity
 backer$146MApr 24, 2026
Series B+
NNight
Sales and marketing
 backer$70MFeb 17, 2026
round

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Developer tools and cloud).

How this is counted

Net returns as reported by the public-pension and foundation LPs invested in each fund.

Firm profile and fund returns: Fundraising Fox Open Dataset v2026-11, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Share is of the 37 rounds on Recent Funding that name StepStone Group. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists StepStone Group, which is a subset of its real portfolio. API: /api/v1/investors/stepstone-group (get a free API key). More: the most active VC firms and new venture capital funds.

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