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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?

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
Tensec

Palo Alto, California, United States

Cross-Border B2B Payments and Global Transaction Banking for SMBs

BankingFinancial ServicesFinTechForeign Exchange Trading
SeedJun 18, 2025
Amount Raised: $12,000,000
Muon Space

Mountain View, California, United States

Muon Space is a space systems company that designs, builds, and operates LEO satellite constellations for earth intelligence missions.

AerospaceInformation ServicesInformation Technology
Series BJun 12, 2025
Amount Raised: $44,500,000
Bedrock Ocean Exploration

Brooklyn, New York, United States

Bedrock Ocean Exploration is a platform for underwater vehicles.

Marine TechnologyRoboticsService IndustrySoftware
Series AJun 10, 2025
Amount Raised: $25,000,000
StackHawk

Denver, Colorado, United States

StackHawk is an API and application security testing platform that enables detection and resolution of application vulnerabilities.

Developer APIsDeveloper ToolsDevOpsSaaSSecuritySoftware
Series UnknownMay 22, 2025
Amount Raised: $12,000,000
Rerun

Stockholm, Stockholms Lan, Sweden

Rerun builds open source visualization infrastructure for computer vision and robotics.

Artificial Intelligence (AI)Computer VisionDeveloper ToolsOpen SourceSoftware
SeedMar 20, 2025
Amount Raised: $17,000,000
Cape

Arlington, Virginia, United States

Cape develops privacy-enabling technology that allows users to reclaim their privacy and security on electronic devices.

Customer ServiceInformation TechnologyMobileNetwork SecuritySoftware
Series BMar 19, 2025
Amount Raised: $15,000,000
Malga

Rio De Janeiro, Rio de Janeiro, Brazil

Malga develops payments as a service platform that provides access to multiple connections through one integration.

Financial ServicesFinTechPaymentsSoftware
Series AFeb 25, 2025
Amount Raised: $5,511,350