# Stereo Capital

Stereo Capital is a Private Equity based in Palo Alto, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Palo Alto, United States
- **Region:** North America
- **Address:** 228 Hamilton Ave, 3rd Fl, Palo Alto, CA 94301, United States
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** stcap.com
- **LinkedIn:** https://www.linkedin.com/company/stereocapital

## Regulatory record

- **CRD number:** 311024
- **SEC file number:** 802-119722
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/311024

## About

Passionate about data driven and sales efficient growth stage tech | Investing in growth stage sales efficient and data-driven technology companies

## Sectors

- Enterprise Software
- Cybersecurity
- AI/ML
- Real Estate
- FinTech
- PropTech

## People

- Dmitry Dakhnovsky — Co-Founder
- Jim Smith — Co-Founder

## Questions

### Who runs investment decisions at Stereo Capital?

Co-founders Dmitry Dakhnovsky and Jim Smith make investment decisions together. Dakhnovsky contributes operator experience from founding and exiting technology companies such as TEKAMA and chessclub.com. Smith brings institutional venture capital discipline from his eleven-year tenure as a General Partner at Mohr Davidow Ventures, where he led investments in OpenDNS and Pluribus Networks. The firm’s website describes a partnership model in which both principals conduct diligence directly and sit on portfolio company boards.

### Does Stereo Capital participate in fund commitments or only direct deals?

All publicly described Stereo Capital activity points to direct growth-equity investments in operating companies. The firm’s portfolio disclosures — Arctic Wolf Networks, Iterable, Zumper, HUMAN Security, Weave, and Wrike — are direct positions. No alternative structure such as fund-of-funds commitments, GP stakes, or secondary purchases has been documented. Stereo Capital’s own description of doing "the investment work ourselves" supports a pure direct-investment model.

### Which sectors does Stereo Capital explicitly avoid?

Stereo Capital has not published a formal exclusion list, but its emphasis on data-generating businesses and winner-take-all dynamics effectively steers it away from sectors with slow customer-feedback cycles. Life sciences, hard industrial tech, and traditional infrastructure fall outside its documented portfolio pattern. The co-founders’ combined track record — spanning enterprise SaaS, cybersecurity, edtech, and consumer platforms — provides the clearest signal of where the firm’s underwriting confidence lies.

## Related profiles

- [STB SICAR](https://altss.com/profile/stb-sicar)
- [ST Capital](https://altss.com/profile/st-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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