In this paper, we focus on learning low-dimensional embeddings for nodes in graph-structured data. To achieve this, we propose Caps2NE -- a new unsupervised embedding model leveraging a network of two capsule layers. Caps2NE induces a routing process to aggregate feature vectors of context neighbors of a given target node at the first capsule layer, then feed these features into the second capsule layer to infer a plausible embedding for the target node. Experimental results show that our proposed Caps2NE obtains state-of-the-art performances on benchmark datasets for the node classification task. Our code is available at: \url{this https URL}.