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Costanoa Ventures

North America, California, United States, Palo Alto

Description

Costanoa Ventures is a prominent venture capital firm based in Palo Alto, California, specializing in early-stage investments within the enterprise technology sector. The firm primarily targets Formation, Seed, and Series A rounds, focusing on companies that are poised to redefine business operations through innovative software, data infrastructure, and fintech solutions. Their investment philosophy centers on partnering with visionary founders from the earliest stages, providing not just capital but also strategic guidance and access to a robust network.

The firm has a strong track record of backing companies that leverage data and artificial intelligence to create significant market advantages. Costanoa Ventures seeks out disruptive technologies and business models that address critical enterprise needs, demonstrating a keen understanding of the evolving landscape of B2B software. Their portfolio reflects a commitment to foundational technologies that enable businesses to operate more efficiently, intelligently, and securely.

Costanoa Ventures has consistently raised substantial funds to support its investment strategy. For instance, the firm announced the close of Costanoa Ventures V in 2022, a fund totaling $350 million dedicated to continuing its early-stage investment focus. This capital allows them to make meaningful initial investments and provide follow-on funding as their portfolio companies grow. Typically, Costanoa Ventures writes initial checks ranging from $1 million to $10 million, depending on the stage and specific needs of the startup.

Their team, led by founding partner Greg Sands, brings a wealth of operational experience alongside investment acumen. This blend of expertise allows Costanoa to offer hands-on support to founders, helping them navigate the challenges of product-market fit, team building, and rapid growth. The firm's disciplined yet founder-friendly approach has established it as a respected partner in the Silicon Valley ecosystem and beyond, contributing to the success of numerous high-growth enterprise technology companies.

Investor Profile

Costanoa Ventures has backed more than 220 startups, with 22 new investments in the last 12 months alone. The firm has led 91 rounds, about 41% of its total and boasts 22 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Australia, Brazil.
  • Strong thematic focus on Software, SaaS, Information Technology.
  • Led 11 rounds in the past year.
  • Typical check size: $1M – $10M.

Stage Focus

  • Series A (31%)
  • Seed (26%)
  • Series B (20%)
  • Series Unknown (9%)
  • Series C (5%)
  • Pre Seed (3%)
  • Series D (2%)
  • Series E (1%)
  • Series G (1%)
  • Private Equity (1%)

Country Focus

  • United States (90%)
  • Australia (2%)
  • Brazil (2%)
  • Norway (1%)
  • Canada (1%)
  • Sweden (1%)
  • Mexico (1%)

Industry Focus

  • Software
  • Saas
  • Information Technology
  • Artificial Intelligence (Ai)
  • Analytics
  • Machine Learning
  • Financial Services
  • Security
  • Cyber Security
  • Enterprise Software
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Costanoa Ventures frequently co-invest with?

IV
North America, California, United States, San Francisco
Co-Investments: 9
Fika Ventures
North America, California, United States, Culver City
Co-Investments: 6
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 10
Salesforce Ventures
North America, California, United States, San Francisco
Co-Investments: 11
Point72 Ventures
North America, New York, United States, New York
Co-Investments: 6
Uncork Capital
North America, California, United States, San Francisco
Co-Investments: 9
Foundry Group
North America, Colorado, United States, Boulder
Co-Investments: 16
Blackbird Ventures
Oceania, New South Wales, Australia, Sydney
Co-Investments: 10
Sapphire Ventures
North America, Texas, United States, Austin
Co-Investments: 7
True Ventures
North America, California, United States, Palo Alto
Co-Investments: 9

Which angels does Costanoa Ventures often collaborate with?

GS
North America, California, United States, Palo Alto
Shared Deals: 2
GW
North America, California, United States, San Francisco
Shared Deals: 2
LG
North America, California, United States, San Francisco
Shared Deals: 2
ZL
North America, Texas, United States, Austin
Shared Deals: 2
GH
North America, California, United States, San Francisco
Shared Deals: 2
AD
North America, California, United States, San Francisco
Shared Deals: 2
RD
North America, California, United States, San Francisco
Shared Deals: 2
CP
North America, California, United States
Shared Deals: 2
LL
North America, New York, United States, New York
Shared Deals: 2
SA
North America, California, United States, San Francisco
Shared Deals: 2

What are some of recent deals done by Costanoa Ventures?

Basis Theory

Mill Valley, California, United States

Basis Theory provides a programmable vault and API platform for tokenizing, routing, and securing sensitive data throughout its lifecycle.

Cyber SecurityData StorageFinTechInformation TechnologyPaymentsPrivacySecurity
Series BOct 14, 2025
Amount Raised: $33,000,000
Marble Health

New York, New York, United States

Marble Health provides access to personalized therapy to help teens in their mental health journey.

Health CareMental HealthWellness
Series AOct 14, 2025
Amount Raised: $15,500,000
Auterion

Zürich, Zurich, Switzerland

Auterion provides a platform that unifies a diverse fleet of autonomous robots, catering to a wide range of applications and use cases.

Drone ManagementDronesInformation TechnologyOpen SourceOperating SystemsRoboticsSoftware
Series BSep 23, 2025
Amount Raised: $105,000,000
Earthmover

Nyack, New York, United States

Earthmover is an early-stage startup developing a cloud-based platform for array data analytics.

Cloud ComputingWeb Development
SeedSep 22, 2025
Amount Raised: $7,200,000
TrueMeter

San Francisco, California, United States

TrueMeter is an AI Energy Manager that guarantees 7 - 15% lower power bills to brick & mortar businesses, with no investment required.

SeedSep 10, 2025
Amount Raised: $4,000,000
Pathwork

San Francisco, California, United States

AI-platform built for the distribution side of insurance

Artificial Intelligence (AI)InsuranceSoftware
SeedSep 9, 2025
Amount Raised: $3,500,000
Definite

Wilmington, Delaware, United States

Definite is a data platform that enables businesses to connect, organize, and analyze their data from various sources.

Artificial Intelligence (AI)Data ManagementData StorageIT InfrastructureSoftware
SeedAug 21, 2025
Amount Raised: $10,000,000
RunReveal

Austin, Texas, United States

RunReveal is a security data platform designed to be the all in one solution for your security logs

SecuritySoftware
SeedJul 29, 2025
Amount Raised: $7,000,000
Empirical Security

Chicago, Illinois, United States

Empirical builds mathematical models for security data.

Artificial Intelligence (AI)Cyber SecurityNetwork Security
SeedJul 17, 2025
Amount Raised: $11,935,326
Welli

Bogotá, Distrito Especial, Colombia

Welli is a medical financing company based in Colombia.

FinTechHealth Care
Series AJun 25, 2025
Amount Raised: $8,000,000