Susa Ventures

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Susa Ventures
IndustryVenture Capital
Founded2013; 9 years ago (2013)
Founder
  • Chad Byers
  • Leo Polovets
  • Seth Berman
HeadquartersSan Francisco, California
Number of locations
1
Key people
  • Chad Byers (Co-founder & General Partner)
  • Leo Polovets (Co-founder & General Partner)
  • Seth Berman (Co-founder & General Partner)
Websitesusaventures.com

Susa Ventures is an American-based venture capital firm.[1] It primarily focuses it’s core funds on seed-stage investment, with concentraion on B+ rounds via its Opportunities funds, across an array of industry sectors. Susa Ventures was founded in 2013 and is headquartered in the Mission District of San Francisco. It is best known for funding Robinhood, Expanse, and Stedi.[2]

Since its inception, Susa Ventures has backed a number of start-up companies such as Robinhood, Flexport, Mux, Andela, Human Interest, Stord, and Newfront Insurance. Susa’s portfolio mainly comprises businesses with strong compounding moats, such as proprietary data, economies of scale, and network effects.[3]

History

Susa Ventures was established in 2013 by Chad Byers, Leo Polovets, and Seth Berman. Since its inception, the company has invested in over 170 ventures spanning across enterprise software, fintech, logistics, healthcare, consumer & frontier tech industries.[4]

Susa Ventures is named after the Susa family of Mountain Gorillas in Rwanda. These gorillas were one of the first creatures on the planet to form robust family groups.[5] The fund was founded on the concept of bringing together a diverse collection of people to establish a strong family and community.[6] Beyond the original founders, notable members of the firm have included individuals such as Courtney Buie Lipkin, Derick En’Wezoh, Hammad Aslam, Misha Gordon-Rowe, Pratyush Buddiga, Kenny Joo, Natalie Arora, Rachel Coffman, Chloë La Duca, and Caitlin Vanin.[7]

In 2020, Susa Ventures launched its Venture Fellows Program, an annual training program for aspiring venture investors.[8]

Funding

  • Susa Ventures I, $25M, 2013 Vintage[9]
  • Susa Ventures II, $50M, 2016 Vintage[10]
  • Susa Ventures III, $90M, 2019 Vintage
  • Susa Opportunities I, $50M, 2019 Vintage
  • Susa Ventures IV, $125M, 2021 Vintage
  • Susa Opportunities II, $250M, 2021 Vintage

References

  1. "Susa Ventures". Crunchbase. Retrieved 9 February 2022.
  2. Loizos, Connie (2 July 2019). "Susa Ventures, a young VC firm with some high-flying bets, just closed on $140 million in new capital". Techcrunch. Retrieved 9 February 2022.
  3. Szkutak, Rebecca (30 August 2021). "Susa Ventures Announces $375 Million Of New Capital Weeks After Seeing 1,000x Return On Robinhood". Forbes. Retrieved 9 February 2022.
  4. Dorbian, Iris (30 August 2021). "susa ventures racks up $375m across two funds". Venture Capital Journal. Retrieved 9 February 2022.
  5. "Susa Ventures". cbinsights. Retrieved 9 February 2022.
  6. "Susa Ventures". Bloomberg. Retrieved 9 February 2022.
  7. Dowd, Kevin (22 August 2021). "Meet The Robinhood Investor Who Turned $250,000 Into $400 Million". Forbes. Retrieved 9 February 2022.
  8. Bergman, Ben (30 July 2021). "One of Robinhood's first investors is the son of a Silicon Valley legend. Here's how he turned his firm's first $250,000 check into $300 million". Businessinsider. Retrieved 9 February 2022.
  9. "Susa Ventures Launches $25M Early Stage Technology Fund". FinSMEs. Retrieved 9 February 2022.
  10. Ventures, Susa (16 August 2016). "Announcing Susa Ventures II". Medium. Retrieved 9 February 2022.

External links