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Chad Byers
Co-founder & General Partner at Susa Ventures
Chad Byers is a prominent figure in the venture capital industry, based in the San Francisco Bay Area. He is the Co-founder and General Partner at Susa Ventures, a seed-stage venture capital firm he established in January 2013.1
At Susa Ventures, Byers focuses on investments in healthcare, fintech, and supply chain sectors.2 He has led several notable investments, including seed rounds for companies that have since achieved unicorn status, such as Robinhood, Flexport, Andela, Newfront Insurance, Stord, and Mux.12
Byers has received recognition for his work in venture capital:
- He was named to the Forbes 30 Under 30 for Venture Capital in 2015.1
- He appeared on the Forbes Midas Seed List, ranking #14 in May 2022.1
Prior to founding Susa Ventures, Byers worked at various startups in product and marketing roles.2 His background includes:
- A bachelor's degree in Environmental Science from the University of Colorado.2
- Early exposure to entrepreneurship and venture capital, having been raised in Silicon Valley.2
As an investor at Flexport since 2014, Byers has been involved with the company's growth from its early stages.1 Flexport has since reached a valuation of $8 billion.1
Byers is active on social media, maintaining a presence on Twitter (@chadbyers) where he describes himself as investing $1m+ into pre-seed and seed rounds, with a focus on software companies.3
Highlights
Mytra raised $120M Series C led by Avenir, with participation from Greenoaks, Eclipse, and others.
We're excited to triple down in this round.
We've been investing in supply chain startups for over a decade now in companies like @flexport and @GetSTORD.
@MytraUS sits at the intersection of supply chain and robotics, both of which are going through large-scale changes.
Every large company is rethinking their supply chains in a world of increasing labor costs, uncertain tariffs, and increased consumer expectations for fast delivery.
At the same time, robotics is having a chatGPT moment with breakthroughs enabled by AI.
Said simply, Mytra focuses on the internal logistics and material flow segments of the supply chain. Specifically, they build automation systems for the storage, retrieval, and movement of palletized goods within warehouses and manufacturing facilities.
How big is this part of our economy?
As a simple example, global e-commerce is expected to exceed $6.8 trillion in 2025. Almost every single item sold online spends a portion of its life sitting on a pallet in a warehouse like the ones Mytra automates.
h/t to @Sethwinterroth for the intro to Chris and team at the seed.
