In 2019, Susa Ventures raised a $90 million fund; 6 years later, its reported assets had reached $265 million

Susa Ventures III, L.P. is a venture capital fund. It was launched in 2019 and reported gross assets of $265 million when it was at its peak in 2025. This is according to data compiled by Yantacaw Capital from US Securities and Exchange Commission (SEC) filings. Notably, the fund had a reported offering size of $90 million when it was established.

These figures show how the value of the assets held by the fund changed in over six years. But, they do not establish how much profit the fund made. It also does not establish how much money it returned to investors.

Susa Ventures III had a reported peak asset value of nearly three times its original offering size.

All about Susa Ventures

A venture capital firm based in San Francisco, California, Susa Ventures was founded in 2013. The firm backs early-stage companies. It also works with entrepreneurs as they develop and grow their businesses.

The venture capital firm focuses on pre-seed and see-stage investments, which involves providing capital to startups at an early point in their development.

It has invested in companies across different industries. It includes financial services, supply chain technology and software.

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How did the fund reach $265 million?

The US SEC's Form D records show that Susa Ventures III, L.P. was formed in 2019. Notably, the filing listed a total offering amount of $90 million.

Yantacaw Capital's database tracks the fund's reported asset values using information from SEC From ADV filings.

Gross assets represent that reported value assets held by the fund. Notably, they are not the same as realised profits.

It is to be noted that the reported value of those investments can change over time, even when the holdings have not been sold.

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What do the figures reveal?

The difference between the fund's $90 million offering size and its $265 million peak reported asset value is $175 million. However, this gap should not be described as confirmed profit.

Meanwhile, Yantacaw Capital states that its figures show assets held and do not include destructions to investors.