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.
The fund hopes to invest in at least 50 companies over th

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