[NEWS] Susa Ventures, a young VC firm with some high-flying bets, just closed on $140 million in new capital – Loganspace

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[NEWS] Susa Ventures, a young VC firm with some high-flying bets, just closed on $140 million in new capital – Loganspace


Susa Ventures, a six-300 and sixty five days-old, San Francisco-primarily based, seed-stage enterprise agency, has closed on two fresh funds, a $90 million early-stage fund — its third flagship fund — along with its first opportunity fund, to which merchants dedicated $50 million.

Though young, Susa has some very snappily-rising firms in its portfolio, which undoubtedly smoothed the fundraising process. (It also explains why the agency has already raised a separate automobile that will beef up its breakout portfolio firms.)

It has participated at some level of all five funding rounds to this level of the six-300 and sixty five days-old, freight logistics firmFlexport,which modified into final valued by its backers at a$3.2 billion valuation.

Susa modified into also there at the initiate for the commission-free trading firmRobinhood,backing the firm at its seed, Series A and Series B rounds. Robinhood has therefore raised two more rounds of funding and modified into valued by merchants at some level of its most most up-to-date round, which closed final 300 and sixty five days, at$5.6 billion.

And Susa modified into early to Andela, the software developer coaching and outsourcing firm that announced a$100 millionSeries D round in January that introduced its total funding to $180 million.

Susa’s celebrated partners embrace Chad Byers, who’s the son of Brook Byers, a founding member of Kleiner Perkins; Leo Polovets, who spent years as a software engineer at LinkedIn, Google and Upright earlier than becoming an investor; and Seth Berman, who modified into previously the VP of advertising and marketing at the luxury goods firm Richemont.

A fourth founding celebrated accomplice, Eva Ho, left the agency in 2016 to co-found a separate enterprise agency,Fika Ventures,which is primarily based in L.A and closed on a$76 million fundsimply final month.

Segment of Susa’s $50 million comprises $2 million that it carved out for the founders in its portfolio, capital that it’s no longer charging them to administer and any earnings from which is ready to transfer fully to the founders. The agency says higher than 40 contributors participated in the parallel fund.

The agency isn’t detailing who participated, nonetheless just a few of Susa’s most most up-to-date be conscious-on assessments own long gone toTroops, a four-300 and sixty five days-old, Novel York-primarily based startup that helps gross sales groups keep up a correspondence with a customer relationship administration tool that plugs into Slack;STORD, a 3.5-300 and sixty five days-old, Atlanta-primarily based “subsequent-generation” warehousing and distribution firm; andScope AR, an eight-300 and sixty five days-old, San Francisco-primarily based maker of AR tools designed for advanced far off tasks, worker coaching, product and tools assembly, repairs and repair and area and customer beef up.

The agency has written more about its fresh fundright here.

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