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First cheques
We lead pre-seed and seed rounds from $250K to $3M, and reserve roughly half the fund to follow on through Series B.
Pre-seed & seed · Global
We write the first cheque that makes the rest possible.
99SA Ventures backs technical founders at the messy, unglamorous beginning — before the deck is polished, before the market agrees with you, before it is obvious.
$180M
Assets under management
64
Companies backed
21
Countries
11
Years investing
What we do
A small fund, deliberately.
We lead 8–10 rounds a year. That is few enough that every founder gets a partner on their cap table who actually remembers their metrics without checking the CRM.
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Operating help
Recruiting, pricing, go-to-market and the first ten enterprise contracts. Not board theatre — actual work, done alongside you.
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Long horizons
Ten-year fund life with extensions. We do not push companies toward premature exits to fix our own return timelines.
Where we invest
Three areas we understand deeply
We would rather be genuinely useful in a few sectors than politely useless across all of them.
01
Applied AI
Systems that do a specific job in a specific industry — claims adjudication, chart review, code migration — where accuracy is measurable and mistakes are expensive.
02
Financial infrastructure
The unglamorous plumbing: ledgers, reconciliation, payments rails, compliance automation and the tooling regulated institutions quietly depend on.
03
Climate & industry
Software and hardware that lowers the cost of decarbonising real assets — grids, buildings, freight, heavy manufacturing.
How we work
Answers in two weeks, not two quarters.
Fundraising steals time from building. So we run a compressed process: a first call within five business days, a partner meeting inside two weeks, and a clear yes or no at the end of it.
If the answer is no, you get the actual reason. Not "it's early for us."
Read our full process-
DAY 1–5
Intro call
Forty-five minutes with a partner. Product, market, and why you specifically.
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DAY 6–10
Deep dive
We meet your team, read your code or model evals, and speak to two customers.
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DAY 11–14
Partner decision
Full partnership review, then a direct answer with our reasoning either way.
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DAY 15+
Term sheet
Clean, standard documents. No board seat demands at pre-seed, no unusual terms.
From our founders
“They committed on a Thursday, and by Monday had introduced us to the two customers who became half our first year of revenue.”
Amara Osei — Co-founder & CEO, Ledgerloop
Building something stubborn?
Send us a paragraph on what you are making and why it has to exist. No warm introduction needed — we read everything that comes in.