Costanoa Venture Capital

Costanoa Venture Capital

Costanoa Venture Capital is a Palo Alto, California-based venture capital company founded in 2012 and focused on early-stage investments in cloud-based service companies.

Company Overview

Costanoa Venture Capital is an early-stage investor in cloud-based service providers for businesses and consumers. The firm works to deliver a value proposition to entrepreneurs: the flexibility to invest moderate amounts of capital and support companies over time; active collaboration with entrepreneurs around product-market fit and initial market entry; and the support and patience to help them build technology companies. The firm launched in December 2012 with an early-stage fund of $100 million.

History

The firm, founded by Greg Sands, started with a $100 million fund in 2012. The venture capital firm specializes in series A, seed/startups, and early-stage investments. It seeks to invest in cloud-based data and analytics companies with a focus on applications and infrastructure, social and mobile opportunities in the enterprise, and big data technologies. The firm invests between $0.5 million and $3 million. Costanoa Venture Capital is based in Palo Alto, California.

Costanoa Ventures team has helped startups go to market and achieve product-market-fit. They feel they can have more impact on early-stage companies and that is where they focus their investments. They invest mostly in SaaS infrastructure and marketplaces.

Investments

Costanoa Ventures has made 83 investments. One of their investments was made on Apr 4, 2019, when they invested $3M in AppOmni. Costanoa Ventures has raised a total of $550M across 5 funds, one of them being Costanoa Ventures Opportunity Fund. This fund was announced on Dec 6, 2018, and raised a total of $75M.

Costanoa announced the closing of their $135 million second fund in 2015. The firm focuses on cloud-based consumer and business services, analytically driven applications, and data-driven infrastructure. Costanoa Venture Capital provides seed and Series A funding for smaller companies. First-round investments range from $500,000 to $3 million.

Costanoa Venture Capital started with ten initial investments. The current portfolio includes: Acme Ticketing, Alation, Apptimize, Bugcrowd, Demandbase, Directly, Gamechanger, Grovo, Guardian Analytics, Inflection, Intacct, Kahuna, Kenna (Risk I/O), Krypton, NovoEd, Propeller Aero, Quizlet, ReturnPath, Stitch Labs, VictorOps, Viglink, Welcome and ZenIQ. Datalogix, iSocket, Lex Machina, LinkSmart, and 3scale have been acquired.

Timeline

April 4, 2019

AppOmni

$3M.

December 6, 2018

Costanoa Ventures Opportunity Fund

$75M.

December 2012

The firm formally launched in December 2012 with an early-stage fund of $100 million.

Funded Companies

Company
Description
Industry
Website
Location
Directly

Directly is a San Francisco-based developer of artificial intelligence systems of customer experience and chatbots founded by Antony Brydon, Jean Tessier and Jeff Patterson.

NovoEd is a program delivery platform, founded by Stanford University professor Amin Saberi and PhD student Farnaz Ronaghi, that partners with training firms, corporations, educational institutes and foundations to provide blended learning solutions.

Bugcrowd is an enterprise cloud computing and computer security crowdsourcing company that offers a platform for security testing, web, mobile, source code, and client-side applications.

An education technology company that has created a platform where students can create review games for the content which they are studying It was founded in 2007 and is located in San Francisco, California.

A technology company offering a software-as-a-service risk and vulnerability intelligence platform for measuring rick and prioritizing remediation efforts.

Kepler Communications is a company that has a focus on satellite communications

Fauna Inc is a data API for applications.

A software company supplying open-source management software and infrastructure for open-source development teams.

Isocket is an advertising company.

A deep learning company that develops and builds OS for Brick & Mortar Retail

StackHawk helps developers find, triage, and fix application security bugs.

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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
Costanoa Venture Capital QZ, LLC
3,300,000
3,300,000
October 28, 2015
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People

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Role
LinkedIn

Further reading

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Type
Date

Documentaries, videos and podcasts

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Companies

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CEO
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References

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