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S28 Capital

North America, California, United States, San Francisco

Description

S28 Capital, formerly known as Spectrum 28, is a San Francisco-based early-stage venture capital firm. The firm focuses on partnering with ambitious founders from the seed stage through Series A, aiming to provide more than just capital. With a stated mission to support the next generation of transformative technology companies, S28 Capital leverages its team's deep operational experience as former founders and early startup employees to offer strategic guidance and hands-on support.

The firm's investment strategy is centered on identifying promising technology startups across a diverse range of sectors. S28 Capital typically makes initial investments ranging from $500,000 to $5 million, targeting companies that are poised for significant growth and disruption. Their portfolio spans various technology verticals, including enterprise software, artificial intelligence, fintech, healthcare, and consumer applications. This broad sector focus allows them to capture opportunities across the rapidly evolving tech landscape.

S28 Capital manages over $400 million in assets across three distinct funds, demonstrating a growing commitment to the early-stage ecosystem. Beyond capital injection, the firm emphasizes its role as a strategic partner, assisting portfolio companies with critical aspects such as product development, market strategy, talent acquisition, and follow-on fundraising. Their approach reflects a belief in long-term relationships and active participation in their portfolio companies' journeys, aiming to accelerate their path to success.

Investor Profile

S28 Capital has backed more than 71 startups, with 0 new investments in the last 12 months alone. The firm has led 13 rounds, about 18% of its total and boasts 16 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Canada, United Kingdom.
  • Strong thematic focus on Software, Information Technology, SaaS.
  • Typical check size: $500K – $5M.

Stage Focus

  • Seed (44%)
  • Series A (28%)
  • Series B (13%)
  • Series C (7%)
  • Series Unknown (4%)
  • Pre Seed (3%)
  • Series D (1%)

Country Focus

  • United States (82%)
  • Canada (10%)
  • United Kingdom (4%)
  • Poland (1%)
  • New Zealand (1%)
  • Israel (1%)

Industry Focus

  • Software
  • Information Technology
  • Saas
  • Analytics
  • Health Care
  • Artificial Intelligence (Ai)
  • Sales
  • It Infrastructure
  • Enterprise Software
  • Machine Learning
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does S28 Capital frequently co-invest with?

Sequoia Capital
North America, California, United States, Menlo Park
Co-Investments: 4
Google Ventures
North America, California, United States, Mountain View
Co-Investments: 4
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 16
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 6
Lightspeed Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 8
Amity Ventures
North America, California, United States, San Francisco
Co-Investments: 4
DCVC
North America, California, United States, San Francisco
Co-Investments: 8
Fathom Capital
North America, California, United States, San Francisco
Co-Investments: 8
Innovation Endeavors
North America, California, United States, Palo Alto
Co-Investments: 6
Founders Fund
North America, California, United States, San Francisco
Co-Investments: 5

Which angels does S28 Capital often collaborate with?

David Hayes
North America, California, United States, San Francisco
Shared Deals: 1
LB
North America, California, United States, San Francisco
Shared Deals: 2
GR
North America, California, United States, San Francisco
Shared Deals: 2
AM
North America, California, United States, San Francisco
Shared Deals: 2
AR
North America, Illinois, United States, Chicago
Shared Deals: 1
AP
North America, California, United States, Venice
Shared Deals: 1
BV
North America, California, United States, San Francisco
Shared Deals: 1
EK
North America, California, United States, San Francisco
Shared Deals: 1
FK
North America, California, United States, San Francisco
Shared Deals: 2
EG
North America, California, United States, San Francisco
Shared Deals: 3

What are some of recent deals done by S28 Capital?

Tenzo

London, England, United Kingdom

Bring your entire tech stack together in one place, get meaningful recommendations on how to hit your targets.

Developer APIsMobile AppsRestaurantsSoftware
Series AMay 16, 2023
Amount Raised: $4,993,845
Lightup

Mountain View, California, United States

No-Code Deep Data Quality, at Enterprise Scale

Cloud Data ServicesSoftware
Series AMar 31, 2023
Amount Raised: $9,000,000
Clerk

San Francisco, California, United States

Clerk develops a software application to provide a sign-up and sign-in page for any website and profile management.

Information TechnologyNetwork SecuritySoftware
Series AMar 22, 2023
Amount Raised: $15,000,000
Clerk

San Francisco, California, United States

Clerk develops a software application to provide a sign-up and sign-in page for any website and profile management.

Information TechnologyNetwork SecuritySoftware
SeedNov 30, 2022
Amount Raised: $6,200,000
Coefficient

Palo Alto, California, United States

Coefficient turns spreadsheets into an operating system for business teams with real-time data connectivity, automation, and workflows.

AnalyticsProductivity ToolsSaaSSoftware
Series ANov 10, 2022
Amount Raised: $18,000,000
Teleport

Oakland, California, United States

Teleport is the easiest, most secure way to access and protect all your infrastructure.

Cloud Data ServicesCloud InfrastructureCyber SecurityIdentity ManagementPrivacy
Series CMay 3, 2022
Amount Raised: $110,000,000
OpsLevel

Toronto, Ontario, Canada

OpsLevel is an internal developer portal (IDP) that empowers engineering teams to quickly build and ship high-quality software.

Information TechnologySoftware
Series AMar 1, 2022
Amount Raised: $15,000,000
RudderStack

San Francisco, California, United States

RudderStack provides a customer data infrastructure solution for developers, data analysts, and product teams.

AnalyticsDatabaseInformation TechnologyInfrastructureIT InfrastructureSoftware
Series BFeb 2, 2022
Amount Raised: $56,000,000
Collimator

Denver, Colorado, United States

Collimator is a developer of modern cloud-native engineering modeling and simulation software.

Communication HardwareInformation TechnologyMachine LearningSoftware
SeedFeb 1, 2022
Amount Raised: $5,000,000
CaptivateIQ

San Francisco, California, United States

CaptivateIQ develops a sales compensation platform designed to help businesses leverage the power of incentives to motivate teams.

Data IntegrationManagement Information SystemsSaaSSalesSoftware
Series CJan 26, 2022
Amount Raised: $100,000,000