Venture capital fund · 3 deals

Stage 2 Capital

Disclosed deals

Every published round Stage 2 Capital took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.

Company	Stage	Announced	Amount	Role	Alongside	Sources
Restoke.ai	Unnamed stage	24 Sep 2024	$5.1m	Participant	Rampersand Mandalay Venture Partners Archangels BC Growth	SmartCompany (31 Jan 2025), SmartCompany (27 Sep 2024), Forbes Australia, Mandalay Venture Partners portfolio
Vouch	Seed	1 Jun 2022	$8m	Lead	OIF Ventures Oji Udezue Rayn Ong	Startup Daily (3 Jun 2022), Our Innovation Fund, Startup Daily (31 May 2022)
Arcade	Seed	5 Aug 2021	US$4.5m (A$6.1m)	Lead	OIF Ventures	Our Innovation Fund (5 Aug 2021), Our Innovation Fund (9 Jul 2021), OIF Ventures portfolio

Portfolio

Companies Stage 2 Capital has backed in a published round, and companies whose existing shares it bought off another holder.

Company	What it does	First invested	Rounds	Led
Arcade	SaaS-based low code / no code employee engagement platform	5 Aug 2021, Seed	1	1
Restoke.ai		24 Sep 2024	1	0
Vouch	Web-based software platform for remotely collecting, curating and sharing video testimoni…	1 Jun 2022, Seed	1	1

Funds

Fund closes reported for Stage 2 Capital, as distinct from the investments it has made.

Fund	Announced	Committed	Target	Close	Sources
No fund closes recorded for Stage 2 Capital yet.

Portfolio companies acquired

Companies Stage 2 Capital has backed that another company then bought. An exit for the holding, not a deal Stage 2 Capital did.

Company	Bought by	Kind	Announced	Price
No portfolio company of Stage 2 Capital is recorded as having been acquired.

Coverage

Stories naming Stage 2 Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

7 deals

Six Aussie startups that raised $87.7 million this week

Roundup of six Australian funding rounds this week: InDebted, Evolt, Restoke.ai, Mary Technology, Matilda and Demtech.ai, with investors, amounts, InDebted's valuation and a secondary component for early backers and staff.

Also Australian FinTech·SmartCompany·Startup Daily·Australian FinTech·Fintech News Australia·Business News Australia

Unnamed stage $5.1m

Hospo-tech raises $5.1 million to save restaurants amid flailing industry

Australian hospitality-tech startup Restoke.ai has closed a $5.1 million round led by Rampersand, with Mandalay, Archangels, BC Growth and Stage2 Capital participating, to fund US expansion.

Forbes Australia 24 Sep 2024 Restoke.ai Yo-Chi Archangels BC Growth Mandalay Venture Partners Rampersand Stage 2 Capital Andrew Poesaste Assaf Stizki Ken Brand Timothy Hui

Also SmartCompany·SmartCompany

Seed $8m

Our investment in Vouch

OIF Ventures' note explains why the fund co-led an $8m seed round in video-testimonial software maker Vouch with US-based Stage 2 Capital, profiling the product, founders and go-to-market model.

Also Startup Daily·Startup Daily

9 deals

BLAST OIF | Edition I

OIF Ventures' first portfolio newsletter: OIF Fund II closed above $100 million, plus recent raises at Go1, Circle In, Assignar, Arcade, Visionary Machines, Neara, Futurerent and Adventus.io.

Also OIF Ventures portfolio·Square Peg Capital·OIF Ventures portfolio·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·TechCrunch Australia·Startup Daily

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