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Susa Ventures IV will invest $1-2 million in seed-stage companies, and Susa Ventures Opportunities II will invest $10-15 million in Series B and C companies, primarily in established portfolio companies, with the new funding.
Fremont, CA: Susa Ventures, an early-stage venture capital firm, has declared that it has closed a total of $375 million in new investor capital. Susa Ventures will be able to continue investing in industry-leading companies such as Robinhood, Flexport, Mux, Newfront Insurance, Stord, and Viz.ai, thanks to the latest tranche, which includes a $125 million seed-stage fund and a $250 million opportunity fund.
Susa Ventures IV will invest $1-2 million in seed-stage companies, and Susa Ventures Opportunities II will invest $10-15 million in Series B and C companies, primarily in established portfolio companies, with the new funding. The venture capital firm will continue to invest in a variety of industries but will concentrate its efforts on health care, supply chain, fintech, and software-as-a-service.
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"People always assume seed stage funds stop after the initial investment, but we're in it for the long run," stated Chad Byers, co-founder, and general partner at Susa Ventures. "This two-fund structure allows Susa to back portfolio companies from Series Seed to IPO, as we did with Robinhood which recently went public."
"As a seed-stage fund, we look to get involved early and change the trajectory of a company," stated Leo Polovets, co-founder and general partner at Susa Ventures. "While we help our founders with a variety of things including, recruiting, strategy, customer acquisition and engineering, it's our relentless focus on community building and our ability to facilitate top tier follow-on funding that we pride ourselves on."
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