Seth Berman co-founded Susa Ventures after nearly a decade as VP of strategic marketing at Richemont Group, bringing a luxury-brand and consumer lens that's unusual among seed investors with more typical backgrounds in engineering or banking. He helped create Susa's founder-community-centric model and pushed for an unusual parallel fund capitalized by portfolio founders themselves, with all profits going back to those founders rather than traditional LPs.
What they've been talking about across their social media accounts

- Enthusiastic support for startup fundraising milestones and successful exits across various stages. Often congratulates teams directly on their seed and Series A rounds, such as praising Expanse for their journey from a seed round he led all the way to a successful exit or celebrating the Series A raise for Casetext.
- Strong interest in financial technology, specifically consumer finance and payment infrastructure. Frequently highlights platforms that disrupt traditional banking fees, such as praising Atlantic Money for its fixed fee international transfers with zero foreign exchange markup or cheering on Loop for innovating logistics payments.
- Focus on data analysis tools and enterprise software solutions designed to help businesses make better decisions or supercharge their teams. Shows particular excitement for companies pushing the boundaries of data processing and customer relationship management, like PeriscopeData and Troops.
- Fascination with physical consumer products, niche marketplaces, and innovative materials. Actively tracks consumer hardware and lifestyle e-commerce, noting excitement for developments like Mycoworks creating alternative leather, vintage watch sales on Hodinkee, and metal activity trackers from Misfit Wearables.
About their Fund
Sectors
Fintech, AI, Health, Devtools, Logistics
Rounds
Pre-Seed - Series B+
Avg Check Size
$1M - $2M
Notable Investments
Susa Ventures achieves an unusually high 10% unicorn rate at seed (versus 1% industry average) by specializing in data-centric companies with strong moats and maintaining a founder-first approach where they never take board seats or vote founders out. They operate with an intensive late-stage operating model at seed stage, limiting themselves to 6-8 companies per partner and capping fund size at $125-150M while systematically exploring new sectors through their experimental Humba Ventures fund.
Notable Fund
Investments
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Popular Investors
investor name
Active in
Rounds
Avg. Check
Links
Deeptech / Hardware
Robotics
Biotech
+
12
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Defense
Deeptech / Hardware
Energy
+
7
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Defense
Deeptech / Hardware
Energy
+
7
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Biotech
Health
Deeptech / Hardware
+
2
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$250K - $2M
Unknown
Climate
Deeptech / Hardware
Materials
+
4
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $1.5M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
7
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
2
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
~$750K
Unknown
Fintech
Deeptech / Hardware
Devtools
+
2
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
Unknown
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