Costanoa Ventures, a boutique venture capital firm focused on early-stage enterprise technology startups, has closed its third fund capped at USD175 million to sustain a focus on early stage company formation to Series A.
This brings the total capital under management in excess of USD500 million and comes as the firm celebrates its fifth anniversary.
“We appreciate the support from our community for our strategy to focus on high conviction, early stage investments, and help founding teams build solid foundations for efficient growth. We’re also thrilled to welcome some wonderful new LPs for Fund III,” says Greg Sands, Founder and Managing Partner. “The pipeline of ideas and entrepreneurs we’re seeing is truly inspiring, which means we’ve got a shovel in hand and are already at work.”
Costanoa’s investments focus on the B2B infrastructure that changes how business gets done including companies such as: Enterprise data company Alation, security company Bugcrowd, and account-based marketing company, Demandbase. The firm maintains a focus on providing Series A and Seed investments for technologies that seek to capitalize on the shift towards a data-driven, cloud-based, and mobile-centric world.
“Since we started, we’ve been about providing an old-school, hands-on approach to venture capital combined with a purpose-built operating team,” says Sands. “We believe in staying small and boutique so we can form a true partnership with the companies in our portfolio.”
Founded in 2012, Costanoa Ventures prides itself on providing early-stage companies with deep functional expertise and support. Costanoa Ventures’ mission is to be a hands-on, value-added partner. Over the last two years, the firm built an Operating Team to help founders craft the right go-to-market capabilities to grow efficiently and build great companies.
“The market is still metabolising the changes enabled by cloud computing, mobile, and new data technologies,” says Neill Occhiogrosso, Partner. “Having an operating team along with our investing team gives us the hands-on capabilities to help founders accelerate the go-to-market for their innovative ideas.”
