# Substance: portfolio, investments and team > Substance is a vc firm based in United States. 1 investment on record, latest Oct 2017. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/substance (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Substance Filed with the SEC to raise a fund in Sep 2026. Last cheque observed Oct 2017. Quiet New fund, Sept 2026 VC firm Series A Cheques on record **0%** of best year **0** **cheques in 12 months**, 1 on record Since the last cheque **3288** days **00** hrs **00** min **00** sec Median round **$6.8M** Rounds led **0 of 1** Pitch Substance ## Substance highlights - 01 1 rounds on record - 02 Mostly Series A: 100% of its rounds ## What they do > Filed 1 private fund offerings with the SEC, the most recent in 2026-09 From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Based in:** CA, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **1 appearances** - **2017** 1 round - **Oct** **[Umbo Computer Vision](https://millionrounds.com/company/umbo-computer-vision)** Series A · US · FinSMEs **$6.8M** With 2 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **1 named** SS **Soheil Sazesh** Managing Member i Filing they signed We also hold **1** person at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. New fund on file **Raised** a new fund in Sept 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Series A Median round joined **$6.8M** the round, not its cheque Led 0 of 1 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Oct 2017 Rounds by stage said on their site - Series A *1* **Pitching Substance?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Recently backed The latest companies Substance put money into. [**Umbo Computer Vision** $6.8M · Oct 2017](https://millionrounds.com/company/umbo-computer-vision) ## Quick answers about Substance ### What does Substance invest in? Substance invests most often at Series A (100% of the rounds on record). ### How active is Substance? 1 investments on record, 0 of them in the last 12 months. The most recent was in Oct 2017. ### What has Substance invested in recently? Its most recent investments on record: Umbo Computer Vision (Series A, Oct 2017). ### How big are Substance's cheques? The median round it joins is $6.8M. ### Is Substance investing now? No investments in the last 12 months; the latest was in Oct 2017. ### What kind of investor is Substance? Substance is a VC firm based in CA, United States. ### Has Substance raised a new fund? Its latest fund filing with the SEC was in Sept 2026. ### Where does this information on Substance come from? From 1 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=substance) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=substance)