# VMG Partners: portfolio, investments and team

> VMG Partners is a vc firm based in United States. 45 investments on record, 9 in the last 12 months, latest Nov 2026. Portfolio, stages, co-investors and team.

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

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

# VMG Partners

Last cheque observed Nov 2026; 45 cheques on record.

Email

VC firm Deploying now Last fund $881M, Mar 2025

Seed Series A Growth Marketplaces Fin-tech Bank

Follow VMG Partners and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fvmg-partners)

Deploying now

**90%** of best year **9** **cheques in 12 months**, 45 on record

Since the last cheque **1** days **00** hrs **00** min **00** sec

Median round **$33M** Cheque size, as they say **$5.0M – $40M** Rounds led **2 of 45** Sole investor **7 rounds** Mostly in **United States, 79%**

Pitch VMG Partners

## VMG Partners highlights

- 01 9 cheques in the last 12 months
- 02 Mostly Series A and Series B: 55% of its rounds
- 03 Sole investor in 7 rounds, median $25M

## What they do

> We invest with the same philosophy, guiding founders to chart a course toward sustainable growth. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $5.0M – $40M as they say
- **Stages:** Seed Series A Growth
- **Sectors:** Marketplaces Fin-tech Bank
- **Based in:** San Francisco, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **45 appearances**

- **2026** 8 rounds
- **Nov** **[MISS A](https://millionrounds.com/company/miss-a)** US · Wowtale **Undisclosed** Sole investor
- **Jul** **[Zitcha](https://millionrounds.com/company/zitcha)** Venture · AU **$10M** With 1 other
- **Jun** **[Scotch](https://millionrounds.com/company/scotch)** Series A · US · Crunchbase News **$20M** *Led*
- **Jun** **[Gradial](https://millionrounds.com/company/gradial)** Series C · US **$65M** With 2 others
- **Jun** **[Stars + Honey](https://millionrounds.com/company/stars-honey)** Series A · US **$24M** Sole investor
- **May** **[Brami](https://millionrounds.com/company/brami)** Series B · US **$33M** With 1 other
- **Apr** **[Afresh](https://millionrounds.com/company/afresh)** TechStartups **$34M** With 5 others
- **Mar** **[Vacation](https://millionrounds.com/company/vacation)** Venture · US **Undisclosed** Sole investor
- **2025** 8 rounds
- **Dec** **[Gradial](https://millionrounds.com/company/gradial)** Series B · US **$35M** With 2 others
- **Aug** **[Lyric](https://millionrounds.com/company/lyric)** Series B · US **$44M** With 2 others
- **Jul** **[Boulevard](https://millionrounds.com/company/boulevard)** Series D · US · Crunchbase News **$80M** With 5 others
- **Jul** **[Nuvemshop](https://millionrounds.com/company/nuvemshop)** Venture · BR **Undisclosed** With 3 others
- **Jun** **[Tracksuit](https://millionrounds.com/company/tracksuit)** Series B · NZ · Startup Daily **$38M** *Led*
- **Jun** **[Fermat Commerce](https://millionrounds.com/company/fermat-commerce)** Series B · US **$45M** With 4 others
- **Mar** **[Auxia](https://millionrounds.com/company/auxia)** Series A · US **$24M** With 3 others
- **Feb** **[[solidcore]](https://millionrounds.com/company/solidcore)** Debt · US **$325M** Sole investor
- **2024** 4 rounds
- **Oct** **[Claim](https://millionrounds.com/company/claim)** Series A · US · Lightbank VC **$12M** With 6 others
- **Oct** **[Milk Moovement](https://millionrounds.com/company/milk-moovement)** Debt · CA **$1.1M** With 3 others
- **Sept** **[Zitcha](https://millionrounds.com/company/zitcha)** Series A · AU **$10M** With 1 other
- **Jan** **[The Good Face Project](https://millionrounds.com/company/the-good-face-project)** Venture · US **Undisclosed** With 1 other
- **2023** 7 rounds
- **Dec** **[Ampla Technologies](https://millionrounds.com/company/ampla-technologies)** Debt · US **$275M** With 4 others
- **Nov** **[Nowsta](https://millionrounds.com/company/nowsta)** Series C · US **$35M** With 4 others
- **Nov** **[Monument Bank](https://millionrounds.com/company/monument-bank)** Series B · GB **$49M** With 5 others
- **Jul** **[Bobbie](https://millionrounds.com/company/bobbie)** Series C · US **$70M** With 2 others
- **Apr** **[Rinsed](https://millionrounds.com/company/rinsed)** Series B · US **$20M** With 3 others
- **Mar** **[Redbud Brands](https://millionrounds.com/company/redbud-brands)** Debt · US **$150K** With 1 other
- **Mar** **[Mantra Health](https://millionrounds.com/company/mantra-health)** Series A · US **$5.0M** With 4 others
- **2022** 9 rounds
- **Sept** **[Maev](https://millionrounds.com/company/maev)** Series A · US **$10M** With 1 other
- **Aug** **[Expedock](https://millionrounds.com/company/expedock)** Series A · US **$17M** With 4 others
- **May** **[Redbud Brands](https://millionrounds.com/company/redbud-brands)** Venture · US **$46M** With 1 other
- **Apr** **[Kosas](https://millionrounds.com/company/kosas)** Venture · US **$12M** With 3 others
- **Apr** **[Hello Bello](https://millionrounds.com/company/hello-bello)** Debt · US **$65M** Sole investor
- **Feb** **[Weee!](https://millionrounds.com/company/weee)** Series E · US **$425M** With 5 others
- **Jan** **[K18 Hair](https://millionrounds.com/company/k18-hair)** Growth · HR **$25M** Sole investor
- **Jan** **[Daasity](https://millionrounds.com/company/daasity)** Series A · US **$15M** With 2 others
- **Jan** **[Swell](https://millionrounds.com/company/swell)** Series A · JP **$20M** With 3 others
- **2021** 4 rounds
- **Nov** **[Daily Harvest](https://millionrounds.com/company/daily-harvest)** Series D · US **$77M** With 4 others
- **Oct** **[Hey Rowan](https://millionrounds.com/company/hey-rowan)** Series B · US **$20M** With 2 others
- **Jul** **[Specright](https://millionrounds.com/company/specright)** Series B · US **$33M** With 3 others
- **Jun** **[The Pill Club](https://millionrounds.com/company/the-pill-club)** Series B **$42M** 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 **9 named**

AS **Angad Singh Hira** Chief Financial Officer i Form ADV

CD **Carle Douglas Stenmark** Executive Officer i Filing they signed

DG **David G. Baram** Managing Member of VMG Partners III GP, LLC i Filing they signed

EM **Emily March Eisenbarth** Chief Compliance Officer i Form ADV

KM **Kara M. Roell** Managing Member of General Partner of General Partner i Filing they signed

ML **Michael L. Mauz?** Managing Member of VMG Partners III GP, LLC i Filing they signed

ML **Michael Laurence Mauze** Managing Member of General Partner of General Partner i Filing they signed

R(**Robin (nmn) Tsai** Managing Member of General Partner of General Partner i Filing they signed

WK **Wayne Keith Wu** Managing Member of General Partner of General Partner i Filing they signed

We also hold **50** 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

**$3.2B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** VMG Partners II, LLC
- **SEC number:** CRD 157720

Funds on its Form ADV

**28** private funds, **$3.0B** in gross assets · filed May 2024

- VMG Partners V, L.P. *Private equity* 59 investors $596M
- VMG Taxable V, L.P. *Private equity* 38 investors $441M
- VMG Catalyst II, L.P. *Private equity* 38 investors $385M
- VMG Catalyst, L.P. *Private equity* 56 investors $383M
- VMG Partners IV, L.P. *Private equity* 43 investors $242M
- VMG Partners III, L.P. *Private equity* 42 investors $206M
- VMG Taxable IV, L.P. *Private equity* 32 investors $164M
- VMG Taxable III, L.P. *Private equity* 30 investors $127M
- VMG Stone Brewing Coinvestment, L.P. *Private equity* 8 investors $87M
- VMG TAX-Exempt V, L.P. *Private equity* 20 investors $80M

And 18 more on the filing.

Latest fund on file

**$881M**

raised in Mar 2025

From its SEC filing. Nothing newer is on file yet.

## The cheque

Seed Series A Growth

Median round joined **$33M** the round, not its cheque Alone, median **$25M**

Led 2 of 45 rounds **4%**

- **Said size:** $5.0M – $40M
- **Sole investor:** 7 rounds
- **Last cheque:** Nov 2026

Rounds by stage said on their site

- Series A said *11*
- Series B *11*
- Venture *7*
- Debt *5*
- Growth said *3*
- Series C *3*
- Seed said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) 5
- [BoxGroup](https://millionrounds.com/fund/boxgroup) 3
- [Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) 3
- [BAM Ventures](https://millionrounds.com/fund/bam-ventures) 2
- [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) 2
- [Bonfire Ventures](https://millionrounds.com/fund/bonfire-ventures) 2

**Pitching VMG Partners?** 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 VMG Partners. A count of rooms they were both in, not a relationship either has claimed.

[**Insight Partners** VC firm **5** rounds together](https://millionrounds.com/fund/insight-venture-partners)[**BoxGroup** VC firm **3** rounds together](https://millionrounds.com/fund/boxgroup)[**Lerer Hippeau** VC firm **3** rounds together](https://millionrounds.com/fund/lerer-hippeau)[**BAM Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/bam-ventures)[**Bain Capital Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/bain-capital-ventures)[**Bonfire Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/bonfire-ventures)[**Circle Up** Hedge fund **2** rounds together](https://millionrounds.com/fund/circle-up)[**EvoNexus** Accelerator **2** rounds together](https://millionrounds.com/fund/evonexus)[**Founders Fund** VC firm **2** rounds together](https://millionrounds.com/fund/founders-fund)[**Lightspeed Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Madrona Venture Group** VC firm **2** rounds together](https://millionrounds.com/fund/madrona)[**NextView Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/nextview-ventures)

## Recently backed

The latest companies VMG Partners put money into.

[**Zitcha** $10M · Jul 2026](https://millionrounds.com/company/zitcha)[**Scotch** $20M · Jun 2026](https://millionrounds.com/company/scotch)[**Gradial** $65M · Jun 2026](https://millionrounds.com/company/gradial)[**Stars + Honey** $24M · Jun 2026](https://millionrounds.com/company/stars-honey)[**Afresh** $34M · Apr 2026](https://millionrounds.com/company/afresh)[**Lyric** $44M · Aug 2025](https://millionrounds.com/company/lyric)

## On podcasts

1 episode naming VMG Partners in the title, and 1 more that mention it.

- [Capital Allocators](https://millionrounds.com/podcasts/capital-allocators) 2 Mar 2020 · 48 min Mike Mauzé - Escape Velocity for CPG Brands at VMG Partners (First Meeting, EP.16) Mentions [VMG Partners](https://millionrounds.com/fund/vmg-partners) Apple PodcastsShow page

### Mentioned in

- [Superclusters](https://millionrounds.com/podcasts/superclusters) 15 Jul 2024 · 1h 19m The Inner Workings of a Sovereign Wealth Fund | Ian Park | Superclusters | S3E3 Apple PodcastsShow page

## Quick answers about VMG Partners

### What does VMG Partners invest in?

VMG Partners invests most often at Series A and Series B (55% of the rounds on record), in sectors such as Marketplaces, Fin-tech and Bank.

### How active is VMG Partners?

45 investments on record, 9 of them in the last 12 months, and it led 2. The most recent was in Nov 2026.

### What has VMG Partners invested in recently?

Its most recent investments on record: MISS A (Undisclosed round, Nov 2026), Zitcha (Venture, Jul 2026) and Scotch (Series A, Jun 2026).

### How big are VMG Partners's cheques?

The median round it joins is $33M. It says it writes cheques of $5.0M to $40M.

### Does VMG Partners lead rounds?

Sometimes: it led 2 of its 45 investments on record (4%).

### Where does VMG Partners invest?

Most of the companies it backs are in the United States (79%) and Australia (5%).

### Is VMG Partners investing now?

Yes: it is actively investing, with 9 investments in the last 12 months.

### Who does VMG Partners invest alongside?

Most often Insight Partners (5 rounds together), BoxGroup (3 rounds together) and Lerer Hippeau (3 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=vmg-partners) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=vmg-partners)