Portfolio Outcomes · Q2 2026

The receipts. Every quarter.

A transparent, per-company view of Stealth portfolio performance. Capital raised, ARR ranges, headcount, retention, exit activity. Updated quarterly. Audited annually.

$340M
Aggregate Value
↑ 38% YoY
18
Active Companies
+4 this year
412
Total Headcount
↑ 67 QoQ
$28M
Aggregate ARR
↑ 51% YoY
$47M
Capital Raised
All-time
As of Q2 2026 · Next update: Q3 2026
Portfolio composition

Companies by phase.

Distribution of the 18 active Stealth portfolio companies across the 5-phase studio system. A healthy studio maintains pipeline at every stage.

2
Validating
5
Founded
7
Scaling
3
Standalone
1
Exited
Phase 02 · Validating
Phase 03 · Founded
Phase 04 · Scaling
Phase 05 · Standalone
Exit · M&A
Per-company performance

Each company, by the numbers.

Self-reported by each portfolio company, verified against bank statements and customer contracts where applicable. ARR figures shown as quartile ranges to protect competitive disclosure.

Company
Stage
ARR
Headcount
Raised
YoY
Forkaia®Experiential Career · EdTech
Scaling
$8M–$10M
62
$12M
↑ 142%
InsolarEnergy · Solar Compliance
Scaling
$4M–$5M
38
$6.5M
↑ 87%
Round Z VenturesCapital · Studio Fund
Founded
Mgmt fee
5
↑ NM
VCTRPerformance Apparel
Founded
$1M–$2M
14
$2.4M
↑ 215%
C3POECreative · Operations
Founded
$0.8M–$1.5M
11
$1.8M
↑ 168%
Side HustleCreator Economy
Validating
Pre-rev
4
$500K
MadsonConsumer Tech
Scaling
$3M–$4M
28
$5.2M
↑ 94%
HowlMedia · Studio
Standalone
$5M+
42
$8M
↑ 56%
BAMPerformance Sports
Scaling
$2M–$3M
19
$3.4M
↑ 78%
LaunchpadTalent Agency
Founded
$1M–$2M
13
$1.5M
↑ 122%
Panda AcceleratorStartup Accelerator
Scaling
Mgmt fee + carry
8
↑ 41%
Startup X AcademyEducation · Online
Scaling
$0.5M–$1M
7
$1.2M
↑ 88%
Workspace ProtocolProductivity Tools
Founded
Pre-rev
6
$800K
RageEntertainment · Film
Standalone
Project-based
22
$2.2M
↑ 64%
VoidCheckLegalTech
Scaling
$0.8M–$1.5M
9
$1.1M
↑ 105%
HostloopHospitality Platform
Validating
Pre-rev
3
$400K
OllyOllyCreative Lab
Founded
Project-based
12
$900K
↑ 73%
Stealth VenturesHolding · Studio
Standalone
Studio fees
9
↑ 38%
PhoneCampCall Center · BPO
Exited · M&A
Pre-exit
68
$3.1M
★ Acquired

Showing 18 active companies + 1 exit · See all 600+ tracked →

Strategic partnerships

Alliances that compound the studio.

Stealth maintains a small number of strategic partnerships that materially extend the studio's capabilities — talent, compute, distribution, or capital. Each one flows benefits across the entire portfolio.

NVIDIA Inception Program

Stealth and select portfolio companies are members of NVIDIA Inception — granting compute credits, technical resources, GPU allocation, and go-to-market introductions for AI-native portfolio companies. Direct line into NVIDIA's enterprise AI ecosystem.

NVIDIA

Forkaia® University Network

1,000+ universities approved Forkaia® for academic credit. Talent pipeline directly into every Stealth company. Direct recruiting access to top STEM programs.

1,000+
$

Round Z LP Network

Pre-vetted LP and operator network for outside-led rounds. Companies skip the cold-pitch cycle because Round Z relationships already exist with the right Series A leads.

50+
Network value

Companies that help each other.

Stealth's compounding moat is cross-portfolio leverage. The numbers below measure how much value flows between portfolio companies — value that doesn't exist in standalone-fund portfolios.

Cross-portfolio hires

Employees who moved from one Stealth company to another in the last 12 months. Each one is institutional knowledge that stays inside the network.

47
$

Cross-portfolio contracts

Dollar value of contracts between Stealth portfolio companies. Customer relationships that compound because they live inside the system.

$2.4M

Forkaia-sourced hires

Headcount across the portfolio sourced via Forkaia's talent pool. Talent infrastructure that scales every portfolio company simultaneously.

186

Customer intros (in)

Customer introductions flowing into the portfolio from the shared CRM and operator network. Warm leads that traditional founders cold-pitch for months.

312

Customer intros (out)

Introductions Stealth portfolio companies make to each other. The network gets more valuable with every new company added.

198

Portfolio NPS

Net Promoter Score from operating CEOs in the portfolio, measuring how valuable the shared infrastructure feels to the people using it daily.

+72
Methodology

How we keep this honest.

Outcomes data is only as good as the tracking. Stealth publishes its methodology so investors, operators, and LPs can verify any number on this page.

Reporting cadence

Quarterly

Updated within 30 days of quarter-end. Annual audit by an outside firm.

ARR

Self-reported, range-bound

Quartile ranges to protect competitive disclosure. Verified against bank statements for any range claimed at $5M+.

Headcount

Full-time equivalent

FTE only. Contractors excluded unless committed long-term to a single company.

Capital raised

Closed and wired

Only counted once funds are wired. Term sheets and commitments are excluded.

Aggregate value

Sum of recent rounds

Computed as sum of most recent post-money valuations × Stealth's stake. Discounted 25% for illiquidity per AICPA.

Network metrics

Tracked internally

Cross-portfolio hires, contracts, intros pulled from internal HR + CRM systems quarterly.

For institutional partners

Audited financials, per-company data rooms, and the full Q2 2026 LP report are available under NDA to qualified institutional investors. Request access →

Want to build with us?

The numbers tell the story.

If you're a fund-of-funds, family office, or institutional LP — we'd love to walk you through the full methodology.