StepStone Group

Activity from announced rounds

Activity in this selectionOct 24, 2026 · Hardware · Jul 27, 2026

StepStone Group is a private-markets investment manager whose venture and growth platform spans seed through growth equity, combining fund investments, direct investments and secondaries.

Its direct investment practice uses relationships with venture and growth fund managers, proprietary data and a global team to evaluate companies. This sits alongside its role as an investor in those managers’ funds.

The platform can participate in new company financings and in secondary transactions involving existing ownership. Founders should distinguish the capital needs of the business from shareholder liquidity when considering which part of StepStone’s investment model is relevant.

Sources
Rounds participated in
4
Confirmed lead rounds
0
1 roles undisclosed
New companies
4
First participation on record · 0 follow-on
Funding in participating rounds
$1.3B
4 disclosed · full round size, not this investor’s share

By stage

Series A2
Series C+2

By primary sector

Hardware2
AI1
Climate tech1

By country

United States4

Rounds

4 in this selection
SiMa.ai

SiMa.ai builds a full-stack physical AI platform that combines purpose-built silicon and software to help developers deploy machine learning on real-world devices.

$150MSeries C
Participant
Fab2

Fab2 develops chipmaking equipment and design software to shorten the path from chip design to fabrication.

$500MSeries A
Participant
Velaura AI

Develops ultra-low-power silicon for AI data centers and Physical AI systems

$110MSeries A
Role not disclosed
Antora Energy

Antora Energy makes thermal batteries that store electricity as heat in carbon blocks and deliver continuous energy to industrial facilities and other large users.

$550MSeries C
Participant