U.S.-based private equity firm Susa Ventures intends to raise $140 million for its two new funds.

Susa Ventures seeks to secure about $90 million for its third main seed fund, Susa Ventures Fund III.

The company is also intending to fetch about $50 million for an opportunity fund targeting follow-on investments.

Susa Ventures’ new vehicle is expected to follow a similar strategy to Susa Ventures II, which has been targeting companies in data-rich sectors such as health, finance, commerce and education.