1982 Ventures Backs Limited in US$18.5 Million Seed Round
- Third Prime preempted Limited's round, taking its Seed to US$18.5 million less than ten months after launch. Existing investors North Island Ventures, The House Fund and Collab+Currency returned.
- 1982 Ventures, a Singapore-based fund manager, participated through 1982 Ventures Fund II, alongside new investors ParaFi Capital, Pharsalus Capital, Digital Currency Group and Onigiri Capital.
- Limited is a global business account for multinational companies, with accounts across the US, EU, UK, Latin America and Africa and payments to more than 170 countries.
Limited, the global business account for companies that operate across borders, has grown its Seed round to US$18.5 million, following a round preempted by existing investor Third Prime.
North Island Ventures, which led Limited's original Seed, doubled down alongside The House Fund and Collab+Currency. New investors include ParaFi Capital, Pharsalus Capital, Digital Currency Group, Onigiri Capital and 1982 Ventures. Early backers Arche Capital and SevenX Ventures also continue to support the company.
"Customer demand pulled this round forward. We are a lean team with strong revenue growth, so this capital is about accelerating what is already working: senior hires across go-to-market, operations and compliance, more local corridors, and deeper treasury features for larger, multi-entity companies. I am grateful for the support of our new and existing investors, who believed in what we are building early," said Hussein Ahmed, Founder & CEO of Limited.
A company operating across markets such as Mexico, Dubai and Hong Kong typically still moves money through slow wires, opaque FX and a patchwork of local banks. Limited replaces this with one platform: business accounts in the US, EU, UK, Latin America and Africa with no local entities required, payments to more than 170 countries with local-currency payouts in more than 60 currencies, stablecoin rails for real-time transfers, corporate cards and spend controls, and accounting integrations.
"Hussein is a proven founder who has done this before, and it shows. In under ten months, Limited has built business accounts across five regions and payments to 170+ countries on a very lean team. We have been looking for a company like this for a while, and we are excited to back the right founder, team and model to scale globally," said Herston Powers, Founding Managing Partner at 1982 Ventures.
"Moving money across borders is still stitched together from wires, local banks and FX providers. Limited has put it into one account, and the demand Hussein and his team are seeing shows how real that problem is. We look forward to supporting them as they scale," said Scott Krivokopich, Founding Managing Partner at 1982 Ventures.
The company has said the capital will support senior hires across go-to-market, operations and compliance, new local corridors across Latin America, Asia Pacific and the Middle East and North Africa, and more treasury features for larger, multi-entity companies.
Limited is the global business account for multinational companies, combining local accounts, cross-border payments, corporate cards, spend management and stablecoin rails in one platform. Founded in 2024 by Hussein Ahmed and headquartered in San Francisco, Limited is a financial technology company, not a bank.
1982 Ventures is a Singapore-based fund manager focused on private markets. The team has over a decade of experience in investing in AI, Enterprise and Fintech.