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Susa Ventures Raises $25M Seed Fund to Back Data-Focused Startups

Susa_ventures_logoSusa Ventures is a new seed stage VC that recently announced the final close of its $25 million seed fund. The bi-coastal firm, which was founded by a collection of four friends and regular co-angel investors, looks to focus on what it calls “companies with a maniacal focus on data.” This direction should be welcome news to all the burgeoning big data start-ups coming on the scene.

Susa differentiates itself in these ways:

  • They’re the only $25M seed fund with four operating partners – giving us the ability and capacity to really work with founders in a meaningful way,
  • All four partners have either been founders or operators, and bring complementary skills and expertise in areas ranging from product marketing to software engineering to customer acquisition,
  • The team consists of both male and female partners, and
  • The company covers three major geographies – Bay Area, LA, NY.

We started Susa as four friends with the shared belief that despite the hype, the multitude of companies being formed, and the hilarious acronyms, the data revolution is underappreciated,” the company writes in its introductory blog post. “We have barely scratched the surface of how a focus on leveraging data to make critical business decisions, automate processes, and inform new product creation will disrupt incumbents and create new industries.”

The team behind Susa includes former Factual VP of Business Operations Eva Ho, former Richmont VP of Strategic Marketing Seth Berman, former LinkedIn and Factual engineer Leo Polovets, and former Silver Spring Networks Analyst Chad Byers. Despite being distributed across Menlo Park, Los Angeles, and New York, the quartet spent much of 2012 co-investing together as a syndicate angels.

I’ve come across a couple of the Susa partners in the last couple of years here in Silicon Beach with its amazing tech energy. I think we’ll see a lot of good things come from Susa and their portfolio firms.

Daniel – Managing Editor, insideBIGDATA.com

 

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