Organization · Secondary Fund
Second Alpha
Second Alpha is a New York-based investment firm specializing in secondary investments, focusing on providing liquidity solutions for shareholders in private companies. They primarily purchase shares from existing shareholders and invest directly in private companies.
Overview
What Second Alpha does
What Second Alpha is
Second Alpha is a New York-based investment firm specializing in secondary investments, focusing on providing liquidity solutions for shareholders in private companies. They primarily purchase shares from existing shareholders and invest directly in private companies.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Secondary Fund
- Structured capabilities
- Funder
- Last reviewed
- March 3, 2026
Official channels
Find Second Alpha elsewhere
Open the official website or a supported primary organization account.
Capability profile
Second Alpha as a funder
Investment thesis
Second Alpha invests in private companies with proven business models and solid product offerings. The firm targets mature venture-stage and growth equity firms with at least $20 million in revenue, focusing on shareholder position purchases and restructuring efforts.
Focus narrative
Second Alpha invests in private companies with proven business models, solid product offerings, and good prospects for future growth. The firm targets mature venture-stage, growth equity, and middle-market firms with at least $20 million in revenue, either profitable or with a defined path to profitability. The primary sectors of interest include Technology, Media, and Telecommunications (TMT). Geographically, Second Alpha primarily invests in companies headquartered in the United States and Canada, with occasional consideration for companies in other countries.
Focus and fit
- Stages
- Growth Equity · Series A · Series B
- Sectors
- Media & Entertainment
- Regions
- CanadaUnited States
Availability
- Currently deploying
- Not published
Portfolio and track record
Portfolio context
Second Alpha has a diverse portfolio of investments across technology, media, and telecommunications. Notable portfolio companies include: Bespoke Post: An internet-native, data-focused e-commerce company offering curated products through customized monthly shipments. Betterment: A consumer investment advisory platform and robo-advisor enabling passive, goals-based investing. BitSight: A cyber risk management platform providing daily security ratings for organizations. Conviva: A streaming data platform supporting major streaming companies with billions of streams annually. DailyPay: A financial technology company allowing employees to access earned pay before the official pay period. Healthcare.com: A digital insurance company offering data-driven solutions for health insurance enrollment. Prove Identity: A mobile identity verification solution for secure global commerce. Strava: A global social network for athletes that helps track and analyze physical activities.
Common questions
What to know about Second Alpha
Upseed classifies Second Alpha under the Secondary Fund organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
March 3, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.