S28 Capital

S28 Capital writes initial checks of $1 million to $5 million and typically leads or co-leads seed rounds, per its own website. The firm also participates in follow-on rounds through Series A, B, and beyond. It will invest before incorporation when it sees a compelling founder-problem fit.

No. While many of its investments are in San Francisco and the Bay Area, S28 Capital has deployed capital in Waterloo, Toronto, Los Angeles, New York, Israel, several Asian markets, the United Kingdom, France, and Turkey, according to the firm's own disclosure.

The firm concentrates on B2B software and technology businesses, with a portfolio weighted toward product-driven applications, developer tools, and infrastructure such as data and security products. The team's engineering backgrounds inform a preference for founders obsessed with product craft.

The firm lists five team members on its website — Kent Ho, Shvet Jain, Andrew Miklas, Justin Wong, and Victor Pang — all of whom are described as former operators and entrepreneurs. Official titles are not published, and no separate investment committee structure is disclosed.

S28 Capital does not publicly detail a formal sourcing program. Its operator-heavy partnership model suggests deal flow runs through founder networks, the partners' prior startup relationships, and inbound referrals from the Bay Area and other technology hubs where the team previously built companies.

S28 Capital operates as a venture fund, not a family office. It raises external capital, writes checks into early-stage companies, and manages a portfolio on behalf of its limited partners — following a standard venture capital fund structure based on its public disclosures.

No philanthropic foundations, real-asset arms, operating companies, or club memberships are disclosed on the firm's website or other public sources as of mid-2026. The firm presents itself as a single-entity venture partnership.