Susa Ventures
Susa Ventures is a San Francisco seed-stage venture capital firm founded in 2013, investing $1M-$5M at pre-seed and seed. It participated in Arkenstone Defense's $35M seed round.
Susa Ventures is a San Francisco-based seed-stage venture capital firm, founded in 2013, that invests $1M-$5M at pre-seed and seed. Its thesis centers on 'spiky founders' with uncommon insight and technical depth rather than sector themes, and on businesses with compounding moats such as proprietary data or network effects. It closed a $175M Fund V in 2025.
Overview
- Firm
- Susa Ventures
- Headquarters
- San Francisco, CA
- Founded
- 0
- AUM
- $175M (Fund V, 2025)
- Avg. check
- $1M-$5M
- Stages
- Pre-Seed, Seed
- Thesis
- Seed-stage generalist backing 'spiky founders' with uncommon insight and technical depth, rather than investing along sector themes; looks for compounding moats such as proprietary data or network effects.
Partners0
No linked records yet.
Frequently asked
- What is Susa Ventures?
- Seed-stage generalist backing 'spiky founders' with uncommon insight and technical depth, rather than investing along sector themes; looks for compounding moats such as proprietary data or network effects.
- How much does Susa Ventures manage?
- Susa Ventures manages $175M (Fund V, 2025) in assets.
- What stages does Susa Ventures invest at?
- Susa Ventures invests at Pre-Seed, Seed, with typical checks of $1M-$5M.
Sources & citations1
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- 1
Susa Ventures is a San Francisco seed-stage fund investing $1M-$5M at pre-seed/seed; closed a $175M Fund V in 2025
Eagle Rock CFO: Susa Ventures Review: The Seed-Stage FundReported2026-07-20