萝莉视频

Seed-stage venture firm has closed on a $90 million fund, Susa III, as well as a $50 million 鈥渙pportunity fund鈥� so it can do follow-on, later-stage investing in existing portfolio companies.

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VC firms raise new funds all the time. But what鈥檚 unique about what Susa is doing lies in a $2 million parallel fund (that is part of the $90 million seed fund). The six-year-old San Francisco firm has given founders of its existing portfolio companies the chance to become investors, too.

Sector-agnostic Susa Ventures previously raised $50 million for its in August 2016, and $25 million for n October 2013.

In a yesterday, the firm said it has invested in 90 companies total which 鈥渉ave an aggregate value of more than $12B, employ 4,000 people, and generate annual revenue of over $2B.鈥� Portfolio companies include freight forwarding and logistics platform (which we covered here in February when it raised $1 billion), ecommerce design startup (which we covered here), and fintech firm , among others.

Susa Ventures has also had seven so far, according to its 萝莉视频 profile. Most recently, analytics platform got by for a .

Founders Turned Investors

As we mentioned above, as part of Susa III, the firm invited existing Susa Ventures founders to become limited partners via a parallel fund with no fees and no carry. Over 40 founders put money in the new parallel fund.

I talked with one of them, , founder of an Atlanta-based platform for networked warehousing and distribution. His company has raised $15 million to date, including $12.4 million in a led by in April. Susa co-led its $2.6 million in April 2018.

In gearing up for the startup鈥檚 Series A, Henry said he was impressed with the way 鈥淪usa helped鈥� throughout the entire process with an approach that felt like a 鈥渇amily鈥� supporting founders and serving as an extension of Stord鈥檚 team.

So when given the opportunity to invest alongside the firm, Henry jumped at the chance.

鈥淲e felt like they have been a true partner trying to drive our business forward,鈥� he told 萝莉视频 News. 鈥淭hey added so much value to our team and mission by opening up their network of resources and contacts and introducing us to potential customers. So we figured that if they were so awesome with us, they must be doing the same with other companies in their portfolio and would be a good investment partner as well.鈥�

Henry said he鈥檇 previously been approached about serving as an angel investor or mentor to other companies but felt he didn鈥檛 have the confidence or time to participate. But by partnering with Susa, an established VC firm, he felt more comfortable.

鈥淎 lot of times former portfolio founders who have had large-scale exits have been asked to serve as LPs as funds in the future,鈥� Henry told 萝莉视频 News. 鈥淏ut I鈥檝e never heard of a fund giving current portfolio founders the opportunity to invest alongside them.鈥�

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