# Raymond D. Croghan

> Raymond D. Croghan is a seed investor at Stage 2 Capital (Phoenix) backing Software and Mobile. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Stage 2 Capital](https://shizune.co/investors/profile/stage-2-capital)
- Location: Phoenix, United States
- Total investments: 3
- Last investment: Mar 2021
- Lead investor: 33%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/ray-croghan-2463a25

Raymond D. Croghan is a seed investor at Stage 2 Capital in Phoenix focused on Software and Mobile. Ray Croghan is the limited partner at Stage 2 Capital. Ray Croghan is a serial investor and entrepreneur.In 1980, Mr. Croghan joined Applied Communications, Inc., now ACI Worldwide (NASDAQ: ACIW, www.aciworldwide.com).He was appointed CEO and President of ACI in 1987; a year the company was acquired by U.S. West.From 1991 to 1999, Mr. Croghan ranCroghan & Associates, Inc., a healthcare information technology firm, which merged with Margolis Health Enterprise to form The TriZetto Group. In 1999, Trizetto went public. In 2008, Apax Partners took TriZetto private in a transaction valued at approximately $1.4 billion.Mr. Croghan is a member of the Board of Directors of Crocs (NASDAQ: Crox), Firehost (www.firehost.com), and Contatta (www.contatta.com).He is an investor in Sojern (www.sojern.com), LogRhythmn (www.logrhythm.com), Yieldex (www.yieldex.com) and Backjoy (www.backjoy.com). He serves on the Board of Trustees, Doane College of Crete, Nebraska.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 3 | 100% |
| Mobile | 1 | 33% |
| FinTech | 1 | 33% |
| Payments | 1 | 33% |
| Health Care | 1 | 33% |

10 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 1 | 33% |
| Series A | 1 | 33% |
| Funding Round | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| PayGround | PayGround provides healthcare businesses of all sizes a modernized payment solution in which they can easily upload their A/R and trigger digital-first requests for payment (via a mix of email/text/U.S. Mail). Patients can make payments in just a matter of a few seconds. | $3.5M | Seed | Mar 02, 2021 |  |
| Prairie Cloudware | Prairie Cloudware is an early-stage startup whose mission is to provide financial institutions with the tools and services to meet their customers’ needs for choice, convenience, and security. It specializes in the fields of information technology, software, and could infrastructure. It was founded in 2013 and headquartered in Omaha, Nebraska. | $1.7M |  | Dec 10, 2013 |  |
| TrackVia | TrackVia®, the leading low-code workflow platform for operations, helps companies build applications that improve on-time performance and reduce costs. TrackVia offers operations leaders the fastest and easiest way to build powerful applications that are business led and IT approved. Companies like Stearns Lending, Honeywell, and Brinks rely onTrackVia to digitize their operations. |  | Series A | Jul 01, 2008 |  |

3 of 3 investments shown.

## Co-investors
- [Access Venture Partners](https://shizune.co/investors/profile/access-venture-partners) — VC Fund, 1 deal together
- [Draper Associates](https://shizune.co/investors/profile/draper-associates-2) — VC Fund, 1 deal together
- [Felicis](https://shizune.co/investors/profile/felicis-ventures) — VC Fund, 1 deal together
- [Flywheel Ventures](https://shizune.co/investors/profile/flywheel-ventures) — VC Fund, 1 deal together
- [Nebraska Global](https://shizune.co/investors/profile/nebraska-global) — VC Fund, 1 deal together
- [Nelnet](https://shizune.co/investors/profile/nelnet) — VC Fund, 1 deal together

## About Stage 2 Capital

VC Fund · New York, United States

Stage 2 Capital is a go-to-market venture capital fund that primarily invests in early-stage B2B software companies. Backed by top go-to-market professionals from leading tech companies, Stage 2 Capital leverages its deep sales expertise to help entrepreneurs scale their businesses in addition to providing capital.

5 contacts available at Stage 2 Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Glenn Oclassen, Jr. | Limited Partner | https://shizune.co/investors/profile/glenn-oclassen-jr |
| Jill Rowley | GTM Advisor & LP | https://shizune.co/investors/profile/jill-rowley |
| Raymond D. Croghan | Limited Partner | https://shizune.co/investors/profile/raymond-d-croghan |
| Aman Kandola | Limited Partner | https://shizune.co/investors/profile/aman-kandola |
| Amy Volas | Limited Partner | https://shizune.co/investors/profile/amy-volas |

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does Raymond D. Croghan invest in?

Raymond D. Croghan invests primarily in Software, Mobile and FinTech startups, most often at Seed and Series A 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 Raymond D. Croghan last invest?

The most recent investment recorded for Raymond D. Croghan closed in Mar 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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