https://techcrunch.com/2023/06/21/20sales-closes-5m-inaugural-fund-to-invest-in-early-stage-b2b-saas-startups/

20SALES, a venture capital fund led by eight women, said it has closed its $5 million inaugural fund, which it will invest mainly in early-stage, business-to-business SaaS companies.

The newly launched fund is an offshoot of venture firm 20VC, which was founded by Harry Stebbings, but it is a separate vehicle entirely. The fund plans to write checks of $100,000 and above for pre-seed, seed and Series A companies. It currently does not have any reserves for follow-on investments and instead will optimize for ownership on the first check.