# Two Sigma: portfolio, investments and team > Two Sigma is a vc firm based in United States. 20 investments on record, 1 in the last 12 months, latest Jun 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/two-sigma (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Two Sigma Last cheque observed Jun 2026; 20 cheques on record. Email Deploying now New fund $500K, Oct 2026 VC firm Seed Series A Series B Future Of Work IoT Recurring Follow Two Sigma and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ftwo-sigma) Deploying now **100%** of best year **1** **cheques in 12 months**, 20 on record Since the last cheque **123** days **00** hrs **00** min **00** sec Median round **$21M** Rounds led **0 of 20** Mostly in **United States, 100%** Pitch Two Sigma ## Two Sigma highlights - 01 1 cheques in the last 12 months - 02 Mostly Series B and Series C: 63% of its rounds ## What they do > Filed 1 private fund offering with the SEC, the most recent in 2022-06 From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed Series A Series B - **Sectors:** Future Of Work IoT Recurring - **Based in:** New York, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **20 appearances** - **2026** 1 round - **Jun** **[Etched](https://millionrounds.com/company/etched)** Series C · US · TechCrunch **$300M** With 18 others - **2019** 2 rounds - **Jun** **[SecurityScorecard](https://millionrounds.com/company/securityscorecard)** Series D · US · FinSMEs **$50M** With 5 others - **Jan** **[Timescale](https://millionrounds.com/company/timescale)** Series A · US · FinSMEs **$15M** With 2 others - **2018** 12 rounds - **Dec** **[Zymergen](https://millionrounds.com/company/zymergen)** Series C · US · FinSMEs **$400M** With 6 others - **Dec** **[Kallyope](https://millionrounds.com/company/kallyope)** Series B · US · FinSMEs **$21M** With 6 others - **Nov** **[Pryon](https://millionrounds.com/company/pryon)** Seed · US · FinSMEs **$4.5M** With 4 others - **Nov** **[RapidSOS](https://millionrounds.com/company/rapidsos)** Series B · US · FinSMEs **$30M** With 6 others - **Oct** **[Crux Therapeutics](https://millionrounds.com/company/crux-therapeutics)** Series B · US · FinSMEs **$20M** With 2 others - **Sept** **[Enigma](https://millionrounds.com/company/enigma)** US · FinSMEs **$95M** With 8 others - **May** **[Mesosphere](https://millionrounds.com/company/mesosphere)** Series D · US · FinSMEs **$125M** With 9 others - **Mar** **[M.io](https://millionrounds.com/company/m-io)** US · FinSMEs **$5.8M** With 2 others - **Mar** **[Whoop](https://millionrounds.com/company/whoop)** Series C · US · FinSMEs **$25M** With 8 others - **Feb** **[Spruce Up](https://millionrounds.com/company/spruce-up)** US · FinSMEs **$1.5M** With 4 others - **Feb** **[Kallyope](https://millionrounds.com/company/kallyope)** Series B · US · FinSMEs **$66M** With 6 others - **Jan** **[Timescale](https://millionrounds.com/company/timescale)** Series A · US · FinSMEs **$12M** With 1 other - **2017** 5 rounds - **Dec** **[Kasisto](https://millionrounds.com/company/kasisto)** Series B · US · FinSMEs **$17M** With 4 others - **Oct** **[CoverWallet](https://millionrounds.com/company/coverwallet)** Series B · US · FinSMEs **$19M** With 3 others - **Oct** **[SecurityScoreCard](https://millionrounds.com/company/securityscorecard)** Series C · US · FinSMEs **$28M** With 7 others - **Sept** **[NS1](https://millionrounds.com/company/ns1)** US · FinSMEs **$20M** With 5 others - **Apr** **[RapidOS](https://millionrounds.com/company/rapidos)** Series A · US · FinSMEs **$14M** With 4 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 team Named by the firm itself, on a filing, its Form ADV or its company registration **24 named** AN **Ali-Milan Nekmouche** Chief Investment Officer of Equities i Form ADV CO **Carsten Otto** Chief Compliance Officer i Form ADV CM **Carter Mayberry Lyons** Chief Business Officer i Form ADV CH **Charissa Hartmann** CFO i Filing they signed CD **Christian Diez** Executive Officer i Filing they signed CE **Christopher E Watson** Director i Filing they signed DM **David Mark Siegel** Member of the Management Committee of Two Sigma Management, LLC (the managing member of Two Sigma Principals, LLC, the General Partner of the Issuer) and Co-Chairman of the Investment Adviser i Filing they signed DM **Dawn Marie Schoppner** Chief Financial Officer of Two Sigma Institutional Partners, LLC, the General Partner i Filing they signed GL **Geoff Lieberthal** Executive Officer i Filing they signed GP **Geoffrey P Duncombe** Chief Investment Officer of Macro i Form ADV GC **Gregory Chen Yu Shih** Co-General Counsel i Form ADV I- **Ian -- Pilgrim** Director i Filing they signed IB **Ian Blasco** Executive Officer i Filing they signed IB **Ian Broadwater** Director i Filing they signed J- **James -- Keyes** Director i Filing they signed JT **James Tomilson Hill** Chief Executive Officer i Form ADV JB **Jeremy B. Rossman** Executive Officer i Filing they signed JF **Jody Flaws** Manager of the Managing Member i Filing they signed JA **John Albert Overdeck** Member of the Management Committee of Two Sigma Management, LLC (the managing member of Two Sigma Principals, LLC, the General Partner of the Issuer) and Co-Chairman of the Investment Adviser i Filing they signed JD **Jon Dietrich** Executive Officer i Filing they signed JM **Joseph Majocha** Executive Officer i Filing they signed MB **Matthew B. Siano** Executive Officer i Filing they signed MB **Matthew B. Siano, Esq.** General Counsel and Corporate Secretary of Two Sigma Management, LLC (the managing member of Two Sigma Principals, LLC, the General Partner of the Issuer) and General Counsel of the Investment Adviser i Filing they signed MN **Michael Neborak** Director i Filing they signed We also hold **52** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$233B** assets it manages, 2 advisers combined Oct 2026 **2+** funds on file numbered funds in its name **Registered** investment adviser full reporting to the SEC - **Legal name:** TWO Sigma REAL Estate, LP - **SEC number:** CRD 137137 Funds on its Form ADV **34** private funds, **$106B** in gross assets · filed Aug 2024 Hedge **33** Investment vehicle **1** - Two Sigma Spectrum Portfolio, LLC *Hedge* 530 investors $18B - Two Sigma Equity Portfolio, LLC *Hedge* 363 investors $17B - Two Sigma Horizon Portfolio, LLC *Hedge* 744 investors $13B - Two Sigma Equity Spectrum Portfolio, LLC *Hedge* 541 investors $9.2B - Two Sigma Strategies Fund, LLC *Hedge* 185 investors $8.9B - Two Sigma Spectrum Fund, LTD. *Hedge* 206 investors $8.7B - Two Sigma Futures Portfolio, LLC *Hedge* 543 investors $6.6B - Two Sigma Spectrum Cayman Fund, LTD. *Hedge* 141 investors $6.0B - Two Sigma Mercury Master Fund, LLC *Hedge* 10 investors $3.3B - Two Sigma Spectrum U.S. Fund, L.P. *Hedge* 65 investors $2.8B And 24 more on the filing. New fund on file **$500K** raised in Oct 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$21M** the round, not its cheque Led 0 of 20 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Jun 2026 Rounds by stage said on their site - Series B said *6* - Series C *4* - Series A said *3* - Series D *2* - Seed said *1* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Accomplice](https://millionrounds.com/fund/accomplice) 2 - [Alexandria Real Estate Equities](https://millionrounds.com/fund/alexandria) 2 - [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 2 - [Euclidean Capital](https://millionrounds.com/fund/euclidean-capital) 2 - [Goldbell Group](https://millionrounds.com/fund/polaris) 2 - [Illumina](https://millionrounds.com/fund/illumina) 2 **Pitching Two Sigma?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Two Sigma. A count of rooms they were both in, not a relationship either has claimed. [**Accomplice** VC firm **2** rounds together](https://millionrounds.com/fund/accomplice)[**Alexandria Real Estate Equities** VC firm **2** rounds together](https://millionrounds.com/fund/alexandria)[**Andreessen Horowitz** VC firm **2** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Euclidean Capital** Family office **2** rounds together](https://millionrounds.com/fund/euclidean-capital)[**Goldbell Group** Growth equity **2** rounds together](https://millionrounds.com/fund/polaris)[**Illumina** Company **2** rounds together](https://millionrounds.com/fund/illumina)[**Sequoia Capital** VC firm **2** rounds together](https://millionrounds.com/fund/sequoia-capital)[**The Column Group** VC firm **2** rounds together](https://millionrounds.com/fund/the-column-group)[**The Westly Group** VC firm **2** rounds together](https://millionrounds.com/fund/westly-group) ## Recently backed The latest companies Two Sigma put money into. [**Etched** $300M · Jun 2026](https://millionrounds.com/company/etched)[**SecurityScorecard** $50M · Jun 2019](https://millionrounds.com/company/securityscorecard)[**Timescale** $15M · Jan 2019](https://millionrounds.com/company/timescale)[**Kallyope** $21M · Dec 2018](https://millionrounds.com/company/kallyope)[**Pryon** $4.5M · Nov 2018](https://millionrounds.com/company/pryon)[**RapidSOS** $30M · Nov 2018](https://millionrounds.com/company/rapidsos) ## On podcasts 1 episode naming Two Sigma in the title, and 4 more that mention it. - [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 1 Feb 2023 · 19 min Investing in Human Capital: Two Sigma Impact’s Warren Valdmanis Mentions [Two Sigma](https://millionrounds.com/fund/two-sigma)[Bain Capital](https://millionrounds.com/fund/bain-capital) Apple PodcastsShow page ### Mentioned in - [TBPN](https://millionrounds.com/podcasts/tbpn) 1 Jul 2025 · 3h 4m Apple Looks to Anthropic and OpenAI for Siri Upgrade, Senate Passes Trump's Megabill | Zak Kukoff, SWYX, Matthew Prince, Luca Netz, Julia Steinberg, Joel Hron, Mackenzie Burnett Apple PodcastsShow page - [Venture Unlocked](https://millionrounds.com/podcasts/venture-unlocked) 4 Jun 2025 · 44 min The New World of VC and Building a Durable Firm with Category Ventures' Villi Iltchev Apple PodcastsShow page - [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 18 Oct 2023 · 20 min Tech Entrepreneur Polymath: Figment’s Lorien Gabel Apple PodcastsShow page - [The Full Ratchet](https://millionrounds.com/podcasts/full-ratchet) 9 Nov 2020 · 45 min 256. A Proprietary Tool to Source Startups, The Commoditization of Capital, and the New Exit Environment (Villi Iltchev) Apple PodcastsShow page ## Quick answers about Two Sigma ### What does Two Sigma invest in? Two Sigma invests most often at Series B and Series C (63% of the rounds on record), in sectors such as Future Of Work, IoT and Recurring. ### How active is Two Sigma? 20 investments on record, 1 of them in the last 12 months. The most recent was in Jun 2026. ### What has Two Sigma invested in recently? Its most recent investments on record: Etched (Series C, Jun 2026), SecurityScorecard (Series D, Jun 2019) and Timescale (Series A, Jan 2019). ### How big are Two Sigma's cheques? The median round it joins is $21M. ### Does Two Sigma lead rounds? Rarely, if at all: none of its 20 investments on record names it as the lead. ### Where does Two Sigma invest? Most of the companies it backs are in the United States (100%). ### Is Two Sigma investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### Who does Two Sigma invest alongside? Most often Accomplice (2 rounds together), Alexandria Real Estate Equities (2 rounds together) and Andreessen Horowitz (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM 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=two-sigma) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=two-sigma)