Announcing Susa Ventures III

$90M seed fund & $50M opportunity fund

Susa Ventures
Jul 1 · 2 min read

Since Susa Ventures was founded, our team has partnered with entrepreneurs to build companies that change the world.

To continue on this journey, we’re excited to announce Susa Ventures III, a $90M seed stage fund.

(L to R) Alex Czarnecki, Natalie Arora, Leo Polovets, Rachel Coffman, Seth Berman, Chad Byers

A look back on Susa I & Susa II

Since our inception in 2013, Susa Ventures has been fortunate to be seed-stage partners with some of the world’s leading startups, including Robinhood, Flexport, Andela and Expanse. We’ve partnered with 90 companies to date. Collectively, Susa portfolio companies have an aggregate value of more than $12B, employ 4,000 people, and generate annual revenue of over $2B.

The Susa Family approach

As part of Susa III, we invited existing Susa Ventures founders to become limited partners via a parallel fund with no fees and no carry, which over 40 founders participated in. We want the Susa Family to share in the success of one another. As Sean Henry, founder of Stord explains it,

“When I got the chance to become not only a Susa founder, but also an investor, I jumped at the opportunity. Susa’s early performance ranks well-above the top 5% benchmark [according to Cambridge Associates data].”

We believe great companies take time to build. As a result, we’re excited to announce, alongside our seed-focused fund, a $50M opportunity fund to continue to back Susa companies in their later-stage rounds. As an example, we’ve been fortunate to back Flexport from its seed-stage, all the way through the latest Series D led by Softbank. As Ryan Petersen, founder and CEO of Flexport explains,

“Susa Ventures has been an extension of my founding team. They introduced some of Flexport’s most important early customers, followed on in every financing round, and even helped facilitate the raising of our $110M Series C round. Not your ordinary seed fund, they work hard to change the trajectory of all their companies.”

The Susa Experience

At Susa, we strive to be the most accessible and supportive early stage investor. As we look ahead, we’re excited to expand our capabilities with the launch of the Susa Experience, our platform of support for Susa companies. We have honed our offerings into four areas: Community, Storytelling, Wellness and Talent. We’re excited to share more about our products in the months to come.

It has been an honor to work alongside some of the world’s most inspiring entrepreneurs, and we look forward to seeing their continued success.

Team Susa

Susa Ventures

Written by

Susa Ventures is an early stage venture capital firm, investing in a growing family of dreamers and builders.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade