Investor · 7 deals
New York
Every published round Stepstone 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.
Companies Stepstone has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Blackbird Ventures | 16 Dec 2019 | 0 | 0 | |
| Axion | AI software for manufacturers to detect and resolve product issues | 15 Dec 2025, Series B | 1 | 0 |
| Lyka | Jun 2023, Series B | 2 | 0 | |
| Kasada | Dec 2021, Series C | 3 | 2 |
Fund closes reported for Stepstone, as distinct from the investments it has made.
Companies Stepstone has backed that another company then bought. An exit for the holding, not a deal Stepstone did.
Stories naming Stepstone. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Sydney pet food firm Lyka has banked a $67 million Series C led by New York's LGVP, with StepStone Group and Shearwater Capital taking part, to bankroll new products and overseas growth.
Also SmartCompany·SmartCompany·Startup Daily·Startup Daily·petnews.com.au
Pet food subscription company Lyka has closed a $67 million Series C led by New York fund LGVP, which backed its earlier raises, lifting the startup's lifetime funding to $155 million.
Funding roundup led by Airwallex's US$330 million Series G at a $12 billion valuation, with raises from Kasada, Hnry, All G, Bless Payments and Emanda, plus earlier rounds recalled.
Also Startup Daily
Bot defence firm Kasada has secured $30 million from EQT plus earlier backers Turnbull & Partners, Reinventure, Main Sequence, OIF, StepStone and Ten Eleven, with founder Sam Crowther back in Sydney.
Morgan Stanley's infrastructure arm has gathered $4.1bn in pledges for its fourth North Haven vehicle, and the piece also lists fresh closes by Copenhagen Infrastructure, Brookfield, Fengate, StepStone, Ridgewood, Novacap and Harrison Street.
Prysm Capital has invested a further $75 million in Sydney pet-care platform Pet Circle, keeping its valuation above $1 billion; the piece also recalls its 2021 Series C and Lyka's June raise.
Also Forbes Australia·Forbes Australia·SmartCompany·Techboard·Startup Daily·SmartCompany
Weekly roundup of six Australian startup raises: Lyka's Series B extension, plus new funding for HydGene, JDoodle, One Future Football, Aquila and Number 8 Bio, with investors and founder comment.
Also RenewEconomy·Startup Daily·SmartCompany·Startup Daily·SmartCompany·RenewEconomy·RenewEconomy
Pathzero has topped up its Series A with $8.6 million led again by Carthona Capital, lifting that round to $15.6 million. The piece also recalls earlier raises and notes funding by Arvani and Greener.
Sydney carbon-accounting startup Pathzero raised an AUD 8.6 million Series A+ extension led by Carthona Capital, with Clyde Bank Holdings and Antler participating, to help financial institutions track financed emissions.
Also Startup Daily·Startup Daily·Startup Daily·SmartCompany·Techboard
Bot-security firm Kasada, founded by Sam Crowther, raised $23m in a Series C led by StepStone, with OIF and Turnbull & Partners among existing backers; StepStone had recently acquired Greenspring Associates.
Weekly roundup reporting many startup funding rounds, Investible's fund close, Skalata's committed capital, hipages buying Builderscrack, Stack Sports acquiring Team App, and Level Equity's stake purchase in Eftsure.
Also SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily
Blackbird describes closing its $29M first fund in 2013 and a GP-led secondary where fund investors sold a minority stake to StepStone and HESTA for about $100M, locking in returns while keeping its portfolio.
Also Blackbird Ventures portfolio·Startup Daily·Business News Australia
Axion founder Daniel First announces a $37 million Series B with Salesforce Ventures leading, lifting total raised to $64 million, and describes the company's AI platform for resolving product quality issues in manufacturing.
Also axion.com