susa-ventures
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Chad Byers
Chad Byers is co-founder and General Partner at Susa Ventures, a San Francisco seed-stage firm he started in 2013 with Leo Polovets and Seth Berman. He wrote one of the first institutional checks into Robinhood at age 26 - a $250k bet that grew past $400M - and has led Susa into Flexport, Andela, Newfront, Mux, Stord and Viz. In March 2025, Susa closed its fifth fund at $175M. He focuses on marketplaces, fintech, healthcare and logistics, and describes himself as a quiet introvert in a loud business.
Seth Berman
Seth Berman co-founded Susa Ventures in 2013 and has since backed 10 unicorns across roughly 100 seed-stage investments, including Robinhood, Flexport, and Expanse. He brings an unusual background to venture capital - nearly a decade as VP of Strategic Marketing at Richemont Group (Cartier, Net-A-Porter, Montblanc) - giving him a luxury-brand consumer lens that shaped Susa's focus on distribution, compounding moats, and founder-market fit. He has since launched Kivu Ventures, a Series A/B fund targeting vertical AI, healthcare, and logistics, with investment partners including Frame.io co-founder Emery Wells and Pinterest co-founder Paul Sciarra.