Leo Polovets

Leo Polovets

VC

Co-Founder & Partner Emeritus, Susa Ventures

Engineer-investor known as the Coding VC

San Francisco, CA$250K–$3M checks2 notable investments
Pre-SeedSeed
Enterprise SaaSDeveloper ToolsDeep TechInfrastructureDefense

Background

Leo Polovets is Co-Founder and Partner Emeritus at Susa Ventures (transitioned to emeritus in 2024) and General Partner at Humba Ventures, which he launched in 2021. He was the second engineering hire at LinkedIn, worked on payment fraud detection at Google, and was an early engineer at Factual. He built the CodingVC blog, publishing engineering-style frameworks for evaluating startups. At Susa he led investments in Outlier, Pex, Scalyr, and Stedi. Via Humba he writes $250K–$500K checks into deep tech and critical sectors.

Investment Thesis

Enterprise software, developer tools, logistics — approached with an engineer's risk-decomposition framework.

Investment Focus

Stages

Pre-SeedSeed

Typical check: $250K–$3M

Sectors

Enterprise SaaSDeveloper ToolsDeep TechInfrastructureDefense

Based in: San Francisco, CA (North America)

Notable Investments

Last updated: Jun 11, 2026