Arcada
The software company that builds and operates most of the products in this network.
Founded by a TTL Capital partner.
We back founders building across borders
An operator-led angel group. The partners invest their own capital, write $10,000 to $200,000 as a first cheque at pre-seed and seed, and have each run a company themselves.
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We write the first cheque
$10,000 to $200,000 at pre-seed and seed. A partner reads every deck and answers either way.
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We syndicate deals
Co-investors join individual deals. There is no pooled vehicle, and nothing here is an offer.
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We work with institutions
Technology hubs, accelerators and other angel groups, on deal flow and soft landings.
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We stay useful after
Structure, a cap table that survives diligence, and introductions to whoever leads the next round.
Built by us, before we backed anyone
Every partner has built, hired, raised and sold. The help after the cheque is specific because we have been on the other side of it.
Payments and fintech
Payment rails and high-volume transaction systems, built and run in production rather than specified.
Marketplaces and logistics
Cross-border commerce and logistics networks across Latin America and Central Asia.
Software still shipping
B2B cloud infrastructure, security tooling, and the products listed in our network today.
The companies and institutions we work with
Companies we have backed sit alongside hubs and partners we hold no position in. Every entry says which is which.
Our Investment Framework
01
Deep Scoring
Proprietary unit economics analysis and product-market fit iteration.
02
Structural Backbone
Legal incorporation, financial modeling, and IP protection from Day 1.
03
Global Bridges
Direct access to world capital markets for your Series A.
What happens when you pitch us
We read everything, we answer either way, and we tell you what we decided and why. No deck disappears into a form.
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Send the deck
A deck, a link to the product if one exists, and two lines on why this team. No warm introduction required — we read cold submissions, and a good number of the companies we have backed arrived that way.
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A partner reads it
Every submission is read by one of the four partners rather than screened by an associate or a form. We reply either way — and when the answer is no, we tell you why rather than going quiet.
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A conversation
A call with two partners. We spend it on the things that are hard to put in a deck: the unit economics underneath the projections, the market you are actually competing in, and what you have already proven with your own money and time.
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Decision, then the work
We decide either way and tell you. A yes brings a cheque and the part that matters more — incorporation and cap table done properly, a structure that survives diligence, and introductions to the investors who lead the round after ours.
The Partners
Beyond the partnership, we work with a group of senior operators who prefer to stay unnamed.
They review deals with us, open doors in markets we are not standing in, and sit in on calls when a company needs a specialist rather than a generalist.
Founder and investor FAQ
For founders
What is your cheque size?
We typically write $10,000 to $200,000 as a first cheque. The size follows what the round needs rather than a fixed allocation — a smaller amount alongside a strong lead, or a larger one when we are the first institutional money in. We can follow on later, but we treat that as a separate decision rather than a reserved commitment.
What stage do you back?
Pre-seed and seed. In practice that means a team that has already built something — a prototype, a pilot, first revenue — rather than a deck and an intention. We have backed companies before they had a legal entity, but not before they had evidence that the founders can ship.
How are you different from a venture capital fund?
We are an angel group, not a fund. The partners invest their own capital and syndicate alongside each other, so there is no pooled vehicle, no fixed fund life, and no external mandate dictating which sectors or geographies we are allowed to look at. In practice that makes us quicker to decide and more flexible on cheque size, and it means we can back something unusual without defending it to an investment committee. It also means our first cheque is smaller than an institutional seed fund would write, so we are often early money rather than round-leading money.
Where do you invest?
We work wherever our founders need to go. Our own operating history is deepest in Central Asia, and we know the practical mechanics of taking a company from that region into US, EU or Latin American markets: redomiciliation, banking, hiring across borders, and the version of the story international investors actually respond to. That experience is a reason founders come to us — it is not a limit on where we look.
What do you look for?
Founders who have already done something difficult with very little. Most of our diligence goes on the team and on unit economics, because at pre-seed those are the only two things that are real yet. A large market helps; a polished deck does not. We are most useful to companies whose next step involves crossing a border — entering a new market, changing a structure, or raising from investors who have never heard of their home country.
What happens after I send my deck?
A partner reads it — not a screening form or an analyst — and you get an answer either way. If there is a fit, the next step is a call with two partners, and a decision follows that call. When the answer is no, we tell you why rather than going quiet.
What do you offer beyond the cheque?
Structure and access. Concretely: incorporation and a cap table that will survive diligence, financial modelling that holds up under questioning, IP held where it should be held, and introductions to the investors who typically lead the round after ours. Every partner has operated — built, hired, raised and exited — so the help tends to be specific rather than advisory.
For investors and partners
Can I invest alongside you?
Often, yes. We syndicate individual deals with co-investors who bring something besides capital — a market, a customer relationship, or operating depth in the category. To be clear about what this is: we are not marketing an investment vehicle and nothing on this website is an offer of a security. If co-investing is interesting, write to us and we will explain how we structure deals case by case.
Do you work with accelerators, hubs and other investors?
Yes, and it is a substantial part of what we do. We work with technology hubs, accelerators and other angel groups on deal flow, on soft-landing support for companies entering an unfamiliar market, and on co-investment. If you run a programme whose companies need a bridge to international capital, that is a conversation worth having.
What we have learned, written down
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Astana Hub or IT Park Uzbekistan: which should you join?
Both offer a 0% corporate tax regime. The real difference is what happens to your company eighteen months later, when you raise from outside the region.
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Central Asia venture, 2026: the numbers and what they mean
Regional funding reached roughly $320M in 2025 and produced a first unicorn. The interesting part is how unevenly it is distributed.
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The Delaware flip, from Central Asia: when to do it and what it costs
Almost every founder raising from US investors restructures eventually. Doing it late turns a routine reorganisation into a six-figure problem.