LOCATION: SAN FRANCISCO
EMPLOYS: 1,000+ ACROSS THE GROUP'S PORTFOLIO
FOUNDERS: CHAD BUYERS, LEO POLOVETS, SETH BERMAN
INVESTMENT: 2014 - PRESENT
ABOUT SUSA VENTURES
Established in 2013, San Francisco-based Susa Ventures specializes in seed and early stage venture investments in data focused start ups.
General Partners Chad Byers, Leo Polovets and Seth Berman, entrepreneurs and former operators themselves, founded the company on the basis of a shared belief that the data revolution is under appreciated, citing health, banking and finance, and education as just some of the fields where opportunities are ripe for data-centric approaches.
Targeting businesses located in the San Francisco Bay Area, Los Angeles and New York, Susa Ventures' portfolio includes Zephyr Health, Namo Media (subsequently acquired by Twitter), Whisper, and Frontback.
ABOUT THE FOUNDERS
Raised in Silicon Valley, Chad was exposed to entrepreneurship and venture capital at an early age, and was named among Forbes 30 Under 30 for VC in 2015. Prior to co-founding Susa Ventures, he was the senior director of platform at Integrate.com and held various marketing and product roles at Silver Spring Networks, Bloom Energy, and Electronic Arts. Today, Chad focuses on investments in marketplaces, fintech, and healthcare, and led Susa’s investments in Robinhood, Andela, Newfront Insurance and Stord.
Former software engineer Leo holds a bachelor’s degree in Engineering and Applied Science (Computer Science) from Caltech, and was the second engineering hire at Linkedin, where he worked on the first versions of products such as LinkedIn Jobs and LinkedIn Groups. He then worked on payment fraud detection algorithms at Google, and was also an early engineer at Factual, where he built data processing software. Leo’s role at Susa sees him focusing on enterprise software; developer tools and technical products; and logistics and supply chain, and he led the company’s investments in Outlier, Pex, Scalyr, and Stedi.
Seth graduated from the University of Colorado Boulder with a bachelor’s degrees in Business and Finance. Prior to Susa, he was an active angel investor, and has invested in 100+ seed stage companies in total, with a portfolio that includes Nest, Optimizely, Wish, Omio and Docker. He has also served as the VP of Strategic Marketing for The Richemont Group, a publicly traded company which owns brands and e-commerce sites Cartier, Net-A-Porter.com, Mr. Porter, Montblanc, and Chloe. With a focus on investments in frontier tech, logistics, marketplaces and consumer, Seth has led Susa’s investments in Flexport, Pericope Data and Expanse.