# S28 Capital

S28 Capital is a Private Equity based in San Francisco, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** www.s28capital.com
- **LinkedIn:** https://www.linkedin.com/company/spectrum-28

## Regulatory record

- **CRD number:** 281047
- **SEC file number:** 802-126621
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/281047

## About

S28 Capital invests in early-stage startups. It focuses on companies building products for software and operations engineers and on B2B startups with strong product focus or deep technical insight. The firm builds early-stage teams within its portfolio. Team members include former founders and operators from PagerDuty, Y Combinator, Nutralink, Epinomics, and Dealfind.

## Sectors

- Enterprise Software
- Developer Tools
- Cybersecurity

## People

- Kent Ho — Team Member
- Shvet Jain — Team Member
- Andrew Miklas — Team Member
- Justin Wong — Team Member
- Victor Pang — Team Member

## Questions

### Does S28 Capital invest only in Silicon Valley companies?

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.

### What sectors does S28 Capital focus on?

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.

### Who runs investment decisions at S28 Capital?

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.

## Related profiles

- [s20 Capital](https://altss.com/profile/s20-capital)
- [S2L Partners](https://altss.com/profile/s2l-partners)

---

Last updated: 2026-07-11T16:28:25.000Z

Canonical page: https://altss.com/profile/s28-capital

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology