Susa Ventures Launches $50M Seed-Stage Venture Capital Fund

susa-venturesSan Francisco, CA-based early-stage technology firm Susa Ventures publicly launched a $50M fund.

According to a post, Susa Ventures II will focus on backing “category-defining companies that are building defensibility using data, network effects and/or economies of scale“.

Led by Chad Byers, Leo Polovets, and Seth Berman, Susa aims to invest in 12 companies per year, with an average check size of $500k, and a focus on the US (but they are open to investing globally) maintaining a hands-on approach to partnering with founders, even via events which aim to strengthen its community by spending more time face to face and and a new 3k square foot office space in the Mission District of San Francisco.

The firm also plans to scale its team at all levels, including the investment team, .

The firm’s $25M first fund, Susa Ventures I, launched in 2014, was closed in May 2016 with 41 companies including Andela, Flexport, LendUp, Periscope Data, Robinhood, Qadium etc.




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