Venture capital firm Susa Ventures has officially launched with the closing of a $25m fund to make seed-stage investments in businesses with a “maniacal” focus on data.
The firm’s portfolio includes 17 businesses, according to its website. Susa has backed anonymous social network Whisper, lending business LendUp and casetext, a database of judicial opinions, statutes, and regulations.
Susa targets businesses located in the San Francisco Bay Area, Los Angeles and New York.
“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.
“Companies with a maniacal focus on data have become the breakout stars by amassing a moat of increasingly voluminous and complex assets.
“Examples range from companies like Twitter, which evolved from a communication tool to being the dominant keeper of the world’s most valuable real-time social data, to Waze, with crowdsourced maps, directions, traffic, and incident reports.”
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