Susa Ventures raises 50 million in second fund

Susa Ventures, a San Francisco-based seed-stage venture firm, announced today that it has secured a 50 million fund, Susa Ventures II. This is just the second fund for the firm, which was founded three years ago and has so far backed 41 companies through its first fund of 25 million. With its new fund, Susa plans to back 12 companies per year at seed investments falling between 400,000 and 750,000 (roughly twice the check size compared to Fund I investments). Furthermore, the firm has wisened up about the way it invests. In Fund I, Susa adhered to a 1:1 ratio for follow-on funding.