Costanoa Venture Capital launches with $100m early stage fund


Palo Alto-based VC firm Costanoa Venture Capital has launched with ten initial investments and confirmed it is has raised an early stage fund of $100m.

Costanoa targets cloud-based services for businesses and consumers leveraging data and analytics.

The firm will focus on providing Series A and seed investments from $500,000 to $3m.

Founder and managing partner Greg Sands started the firm after more than a decade of investing in cloud-based services, such as, Feedburner, Merced Systems, QuinStreet, and Youku.

The firm’s Costanoa’s portfolio includes Datalogix, DemandBase, Guardian Analytics, Inflection, Intacct, iSocket, Lex Machina, LinkSmart, Return Path, and Risk I/O.

“Costanoa was started with the goal of identifying the most ambitious, talented and passionate entrepreneurs and turning their ideas into great companies,” said Sands.

“Much of the venture capital that exists today is a momentum game, where investors comfortably ‘deploy capital’ into high-profile companies in high velocity sectors.

“At Costanoa, we are not chasing momentum, but trying to create it.

“By identifying and working in sectors before they are saturated, and by undertaking technical projects that require hard work, Costanoa is creating value for its portfolio of companies leading the data revolution.”

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