# Phase 2 Partners

> Phase 2 Partners is a VC fund in San Francisco backing FinTech, Finance and B2B. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: San Francisco, United States
- Total investments: 3
- Last investment: Oct 2021
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/phase-2-partners-llc/about/
- Website: https://phase2partners.com/

Phase 2 Partners is a hedge fund focused on the financial services industry.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 2 | 67% |
| Finance | 2 | 67% |
| B2B | 1 | 33% |
| Banking | 1 | 33% |
| Payments | 1 | 33% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series C | 1 | 33% |
| Private Equity | 1 | 33% |
| Venture - Series Unknown | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Trumid | Trumid is a financial technology company bringing efficiency, connectivity, and access to credit trading through innovative technology and product design. Trumid’s product ecosystem leverages data and the power of the network effect to create transparency, liquidity, and efficient trade execution. Trumid Market Center, the company’s electronictrading platform, connects corporate bond market professionals to a broad network of liquidity and provides a range of trading protocols to access it. The electronic bond trading platform provides traders direct access to liquidity, delivered within an intuitive design that fits seamlessly into trader workflow. Trumid was founded in 2014 by credit professionals with over 100 years of trading experience and is headquartered in New York City. | $208M | Private Equity | Oct 12, 2021 |  |
| Finexio | Finexio is a smart B2B payment network. The Finexio network eliminates commercial paper check spend by identifying and routing payments through a unique “network of closed loop networks”. Payments on the Finexio rails are seamlessly pushed into a supplier’s bank accounts at fees substantially lower than prevailing commercial payment costs.Finexio integrates into large payment aggregators, accounts payable automation, and procurement software platforms to enable them with a more efficient payment modality. | $8M | Venture - Series Unknown | Aug 25, 2021 |  |
| Transparent Health Marketplace | Transparent Health Marketplace (THM) operates the first marketplace of its kind to connect payors and providers of workers’ compensation healthcare services in an open platform featuring market-driven pricing. Replacing outmoded network contract models with its innovative new marketplace approach, THM allows providers to name their price and to bepaid quickly the exact amount they bid for contracts they are awarded.Transparent Health Marketplace was founded in 2016 by Eric Hanson and is based in Wayne, Pennsylvania. | $30M | Series C | Apr 13, 2021 |  |

3 of 3 investments shown.

## Co-investors
- [Dragoneer Investment Group](https://shizune.co/investors/profile/dragoneer-investment-group) — VC Fund, 2 deals together
- [Motive Partners](https://shizune.co/investors/profile/motive-partners) — VC Fund, 2 deals together
- [Patriot Financial Partners](https://shizune.co/investors/profile/patriot-financial-partners) — VC Fund, 2 deals together
- [Advection Growth Capital](https://shizune.co/investors/profile/advection-growth-capital) — VC Fund, 1 deal together
- [Artis Ventures](https://shizune.co/investors/profile/artis) — VC Fund, 1 deal together
- [BlackRock](https://shizune.co/investors/profile/blackrock) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Sequoia Capital](https://shizune.co/investors/profile/sequoia-capital) — VC Fund
- [New Enterprise Associates](https://shizune.co/investors/profile/new-enterprise-associates) — VC Fund
- [Bessemer Venture Partners](https://shizune.co/investors/profile/bessemer-venture-partners) — VC Fund

## FAQ

### What does Phase 2 Partners invest in?

Phase 2 Partners invests primarily in FinTech, Finance and B2B startups, most often at Series C and Private Equity stage. Most of the 3 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Phase 2 Partners last invest?

The most recent investment recorded for Phase 2 Partners closed in Oct 2021. Shizune tracks 3 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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