# Stepstone Activate: portfolio, investments and team

> Stepstone Activate is a growth equity. 1 investment on record, 1 in the last 12 months, latest Nov 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/stepstone-activate (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# Stepstone Activate

Last cheque observed Nov 2026; 1 cheques on record.

Email

Growth equity Deploying now

Series C

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Deploying now

**100%** of best year **1** **cheques in 12 months**, 1 on record

Since the last cheque **3** days **00** hrs **00** min **00** sec

Median round **$375M** Rounds led **0 of 1**

Pitch Stepstone Activate

## Stepstone Activate highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series C: 100% of its rounds

## What they do

- **Type:** Growth equity (from a list, unverified)
- **Cheque size:** Not stated
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **1 appearances**

- **2026** 1 round
- **Nov** **[Northwood Space](https://millionrounds.com/company/northwood-space)** Series C · US · Wowtale **$375M** With 6 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The cheque

Series C

Median round joined **$375M** the round, not its cheque

Led 0 of 1 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Nov 2026

Rounds by stage said on their site

- Series C *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies Stepstone Activate put money into.

[**Northwood Space** $375M · Nov 2026](https://millionrounds.com/company/northwood-space)

## Quick answers about Stepstone Activate

### What does Stepstone Activate invest in?

Stepstone Activate invests most often at Series C (100% of the rounds on record).

### How active is Stepstone Activate?

1 investments on record, 1 of them in the last 12 months. The most recent was in Nov 2026.

### What has Stepstone Activate invested in recently?

Its most recent investments on record: Northwood Space (Series C, Nov 2026).

### How big are Stepstone Activate's cheques?

The median round it joins is $375M.

### Is Stepstone Activate investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### What kind of investor is Stepstone Activate?

Stepstone Activate is a growth equity firm.

### Where does this information on Stepstone Activate come from?

From 15 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=stepstone-activate) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=stepstone-activate)