Early-stage venture firm Shasta Ventures has raised $300m for its fourth fund thanks to strong support from investors in its previous vehicles.
The latest fund – the firm’s biggest to date – outstrips the $265m it gathered for Fund III in 2011. That vehicle was tapped for investments in 28 portfolio companies.
The firm’s growing suite of companies currently includes next-generation enterprise software and consumer companies such as Anaplan, Apptio, Nextdoor, Lithium, Zenprise, and Zuora.
Shasta Ventures IV will continue its previous focus on Series A and B investments in technology companies in the consumer and enterprise software sectors.
Shasta managing director Rob Coneybeer said, “This fund size enables us to back entrepreneurs at early stages and continue to support them through multiple rounds.”
In February, AltAssets reported that Shasta Ventures led a $25.5m Series C financing round for software security company CloudPassage.
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