Second Alpha Partners
Venture capitalNew York · Series C–Late Stage · 6 people tracked
Investment thesis
Second Alpha specializes in secondary investing, buying partial or full shareholder positions from founders, executives, angels, VCs, corporate investors and PE firms, and also engaging in convertible debt purchases, recaps, pay-to-plays and restructurings. Founded on the belief that shareholders should not wait a decade for liquidity, the firm provides partial or full liquidity without forcing premature exits. It targets mature venture-stage, growth equity and middle-market firms with proven business models, at least $20M in revenue, profitability or a clear path to it, and a preference for highly-recurring revenue models. Second Alpha uses extensive data analysis to drive efficient diligence and better outcomes, and takes a supportive role in investor syndicates.
Source: firm website, verified Aug 18, 2026.
Team · 6 people
from the firm's website & public directoriesWhat they invest in
from 2 of 37 portfolio companiesEnterprise Software ×2AI & Machine Learning ×1Cybersecurity ×1Data & Infrastructure ×1EdTech ×1Future of Work ×1Marketplaces ×1SaaS ×1
HQs:United States×2
Investments · 37 tracked
founders shown can be your intro path
Coursera is an online learning platform offering courses, certificates, and career programs from universities and companies such as Google.
EdTechEnterprise SoftwareFuture of WorkMarketplacesSaaSMountain View, US
Daphne Koller(Co-Founder & President)Andrew Ng(Director)Richard Levin(Chief Executive Officer)
BoardDan Avida(Director)Scott Sandell(Director)inJohn Doerr(Director)in
Co-investorsAllied Venture PartnersFelicis VenturesG SquaredGSV VenturesKleiner PerkinsLearn Capital+9 more
Offers personalized genetic ancestry and health reports to advance personalized medicine.
Provides digital forensics software solutions for law enforcement and government agencies, including the Forensic Toolkit (FTK).
Provider of cloud-based applications and communication services to simplify operations and improve efficiency.
Offers juried art, craft, and design products for the home and wardrobe.
Delivers secure voice messaging for highly regulated industries and large enterprises.
An internet-native, data-focused e-commerce company offering curated products via customized monthly shipments and an online storefront.
Consumer investment advisory platform and robo-advisor enabling passive, goals-based automated investing.
Cyber risk intelligence company that surpassed $200 million in annual recurring revenue.
Bitsight provides a cyber risk intelligence platform that monitors entities across the internet to identify vulnerabilities and emerging threats in real time.
AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareCambridge, US
Nagarjuna Venna(Executive Officer, Director)inStephen Boyer(Executive Officer)inShaun McConnon(Executive Officer, Director)Robert T Turner(Executive Officer, Director)Elizabeth Fischer(Executive Officer)Brian Cohen(Executive Officer)
Co-investors33NAlphaDriveCapital Midwest FundComcast VenturesFlybridge Capital PartnersGlobespan Capital Partners+6 more
BOLT Insurance offers a platform for small business owners to select and purchase insurance.
Provides an insider risk detection and response platform protecting IP, source code, and trade secrets.
A streaming data platform supporting large streaming companies with billions of streams across billions of devices.
A fintech company allowing employees to access their earned pay in advance of a pay period.
Provides a Critical Event Management platform to help organizations manage critical events.
An independent online insurance marketplace connecting consumers with insurance carriers and agents.
An online loyalty marketplace for businesses to manage and issue loyalty points, rewards, and gift cards.
Provides technology and services to bring universities' degree programs online.
Digital content publisher focused on food, health, fashion, and fitness.
Provides cloud infrastructure software and services for enterprises to build, manage, and scale applications across cloud environments.
Provides advertising software for brands to drive measurable conversions and revenue through television.
Software enabling enterprises to securely support their mobile workforces.
Independent enterprise-class webcasting platform for corporate marketing, sales, and training activities.
Develops digital and mobile advertising technology solutions for digital media companies.
Identity authentication platform that surpassed 400 million pre-fill transactions across 150 million users.
Provides a mobile identity verification and authentication solution for secure global commerce.
UK-headquartered app offering personalized running training plans and coaching, being acquired by Strava.
Provides a real-time lifecycle marketing platform for customer engagement campaigns.
A travel technology company using AI and data science to reduce friction and personalize the travel experience.
Provided television viewing enhancements for professional sporting events; acquired by SMT in 2016.
Global social network for athletes to track, analyze, and share physical activities.
Offers IT services for disaster recovery, data protection, and managed cloud services.
Enables secure payments on merchant websites and apps without registration or login; acquired by Nuance in 2016.
A consumer legal services platform helping customers create and manage estate plans online.
An advertising and attribution platform specializing in Connected TV performance marketing.
Provides managed services for voice and data networks for enterprises and their IT organizations.
A user experience testing platform delivering customer experience insights powered by human feedback.
Exits · 1
IPOs and acquisitions across the tracked portfolioCourseraNYSE: COUR
Frequently asked questions
- How many investments has Second Alpha Partners made?
- Second Alpha Partners has 37 tracked investments, 1 of which have exited via acquisition or IPO.
- What stage does Second Alpha Partners invest at?
- Second Alpha Partners invests at the Series C, Growth, Late Stage stages.
- What sectors does Second Alpha Partners focus on?
- Second Alpha Partners focuses on AdTech, Advanced Manufacturing, AI & Machine Learning, Cloud Computing, Consumer, Crypto & Web3, Cybersecurity, Digital Health, E-commerce, EdTech, Enterprise Software, Fintech, Healthtech, InsurTech, LegalTech, Logistics & Supply Chain, Marketing Tech, Media & Entertainment, SaaS, Travel & Hospitality.
- Where is Second Alpha Partners located?
- Second Alpha Partners is headquartered in New York, US.
- Does Second Alpha Partners lead rounds?
- Yes, Second Alpha Partners leads investment rounds.
- Who does Second Alpha Partners co-invest with?
- Second Alpha Partners most often shares deals with Felicis Ventures, Flybridge Capital Partners, Kleiner Perkins, among 23 tracked co-investors.
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