Key Takeaways
- • Susa Ventures III, L.P., a San Francisco venture capital fund launched in 2019 with a reported $90 million offering size, reported gross assets of $265 million at its peak in 2025, according to data compiled by Yantacaw Capital from SEC filings.
- • The reported figure represents asset values and not realized profits, and the gap of $175 million between offering size and peak reported assets should not be characterized as confirmed gains.
- • The data does not establish how much profit the fund generated or how much capital was returned to investors.
- • Susa Ventures, founded in 2013, focuses on pre-seed and seed-stage investments across financial services, supply chain technology and software.
Summary
Susa Ventures III, L.P. was formed in 2019 and, according to Form D filings with the U.S. Securities and Exchange Commission, listed a total offering amount of $90 million. Data compiled by Yantacaw Capital from SEC Form ADV filings shows the fund reported gross assets of $265 million at its peak in 2025, roughly three times its original offering size, as reported by The Economic Times.
The figures reflect reported asset values rather than realized returns. Gross assets represent the reported value of holdings, and that value can change over time even when investments have not been sold. Yantacaw Capital states that its figures show assets held and do not reflect distributions to investors, and the data does not establish the fund's profit or the amount returned to limited partners.
Susa Ventures is a San Francisco-based venture capital firm founded in 2013 that backs early-stage companies and works with entrepreneurs as they develop their businesses. The firm concentrates on pre-seed and seed-stage investments and has invested across financial services, supply chain technology and software. Publisher materials note the firm has raised successive funds, including Susa III at $90 million and Susa V at $175 million, along with a $50 million opportunity fund.
The figures reflect reported asset values rather than realized returns. Gross assets represent the reported value of holdings, and that value can change over time even when investments have not been sold. Yantacaw Capital states that its figures show assets held and do not reflect distributions to investors, and the data does not establish the fund's profit or the amount returned to limited partners.
Susa Ventures is a San Francisco-based venture capital firm founded in 2013 that backs early-stage companies and works with entrepreneurs as they develop their businesses. The firm concentrates on pre-seed and seed-stage investments and has invested across financial services, supply chain technology and software. Publisher materials note the firm has raised successive funds, including Susa III at $90 million and Susa V at $175 million, along with a $50 million opportunity fund.
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