Susa Ventures Launches with $25 Million Seed

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Susa Ventures, a seed fund investing in “companies with a maniacal focus on data,” launched Monday after raising $25 million.

The company said in a statement that data is “underappreciated,” highlighting health, banking/finance and education as industries primed for using data-centric approaches.

Susa was founded by Eva Ho, former vice president of marketing and operations at L.A.’s Factual; Chad Byers, former senior director of platform at Integrate.com; former LinkedIn engineer Leo Polovets; and angel investor Seth Berman. Ho, who lives in Los Angeles, said the company has offices in Los Angeles, San Francisco and New York so the partners could adequately cover large geographical regions with significant data ties.

Though most of the current 20 investments are located around the Bay area, Ho hopes to find more Los Angeles candidates that handle scalable data sets or whose founders have backgrounds in data science or algorithm design.

“L.A. is viable and thriving today,” Ho said. “Having been at Factual for five years and seeing the ecosystem bubble up, I think there’s a lot of opportunities for people like us to support the ever-growing ecosystem here.”

Staff reporter Melissah Yang can be reached at [email protected]. Follow her on Twitter @MelissahYang for the latest in L.A. tech news.

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