Early stage venture capital firm Costanoa has launched its second fund with hopes of raising $135m.
Costanoa Venture Capital II will continue the firm’s focus on investing in entrepreneurs that provide cloud-based applications and infrastructure.
The California firm’s filing with the Securities Exchange Commission reveals that so far no capital has been committed to the fund.
Costanoa launched in 2012, with its first fund raising $100m with 10 initial investments by December that year.
At that point it was focusing on Series A funding and accepting seed investments from $500,000 to $3m.
Previous investments from the firm include Spanish venture capital firm Inveready, which sold part its stake in online infrastructure management business 3scale in April 2013 following Series B investment from Costanoa.
Costanoa’s portfolio to date has also included Demand Base, Grovo, Guardian Analytics and Kahuna.
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