How many investments has Costanoa Ventures made?

Costanoa Ventures has 8 tracked investments, including 2 dated in the last 24 months.

What stage does Costanoa Ventures invest at?

Costanoa Ventures invests at the Pre-Seed, Seed, Series A stages.

What is Costanoa Ventures's typical check size?

Costanoa Ventures typically writes checks of $500K – $8M.

Where is Costanoa Ventures located?

Costanoa Ventures is headquartered in San Francisco, US.

Does Costanoa Ventures lead rounds?

Yes, Costanoa Ventures leads investment rounds.

Who does Costanoa Ventures co-invest with?

Costanoa Ventures most often shares deals with Foundry, Point72 Ventures, Andreessen Horowitz, among 35 tracked co-investors.

Costanoa Ventures

Venture capitalActively deployingoperating company · company profile

San Francisco · Pre-Seed–Series A · 26 people tracked

Also known as COSTANOA VENTURE CAPITAL MANAGEMENT, LLC

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✨ Fox Verdict

Investment thesis

Costanoa takes a selective, long-view approach to venture investing, partnering with a small number of founders tackling big, hard problems. The firm emphasizes deep engagement and operational support, aiming to act as an extension of a startup's own team throughout the company-building journey. Testimonials highlight a focus on enterprise and software companies, with the firm drawing on decades of experience and pattern recognition to help founders navigate complex business challenges from the earliest stages through major milestones.

Invests inAI & Machine Learning Data & Infrastructure Deep Tech Enterprise Software Fintech SaaSSector AgnosticColombia Mexico Palo Alto San Francisco United States

Source: firm website, verified Aug 25, 2026.

Stage

Pre-Seed–Series A

Check

$500K – $8M

San Francisco, CA, US

Leads rounds

Leads

Instruments

Equity

Founded

2012

Last 12 months

12 investments

AUM

$2.8B

VC funds

Tracked investments

Team · 26 people

from the firm's website & public directories

Greg Sands· Founder & Managing Partner· Palo Alto, Californiain 𝕏

Greg Sands is the Founder and Managing Partner of Costanoa Ventures. He was previously a Managing Director at Sutter Hill Ventures, where he invested in early-stage enterprise software startups, and earlier served as the first product manager at Netscape Communications (where he wrote the initial business plan and coined the company's name) and as a business development manager at Cisco. His focus areas include national security, AI and data infrastructure, and cybersecurity.

g•••@costanoa.vcreveal

David Cheng· General Partner· Noe Valley (San Francisco)

David Cheng is a General Partner at Costanoa Ventures whose investing focus spans AI applications, fintech, and healthcare. He previously worked at DCM, where he rose from Associate to become the youngest partner in the firm's history and was named to Forbes 30 Under 30 in Venture in 2019, and later co-founded Coreline Ventures. He holds an MBA from Wharton and a BA from NYU.

d•••@costanoa.vcreveal

Amy Cheetham· Partner· Mainein 𝕏

Amy Cheetham is a Partner at Costanoa Ventures focusing on fintech and AI. She previously worked in growth investing at Summit and in GTM strategy at Zuora. She was named to Forbes' "Midas Brink" List in 2023 and EVCA's Top 25 Emerging VCs.

a•••@costanoa.vcreveal

Jim Wilson· Partner· Burlingame, Californiain 𝕏

Jim Wilson is a Partner at Costanoa Ventures focused on founder sales and go-to-market strategy, helping portfolio companies develop sales strategy and build sales teams. He was previously VP of Worldwide Sales at Sumo Logic and SVP Sales at NICE Systems, where he managed the integration of Merced Systems, and earlier ran sales at Merced Systems while holding executive roles at Microsoft, Groove Networks, Inktomi, and Parametric Technology. He draws on 25 years of experience across technology industries.

j•••@costanoa.vcreveal

John Cowgill· Partner· San Francisco, Californiain 𝕏

John Cowgill is a Partner at Costanoa Ventures who has worked in venture capital since 2016, following an earlier career in tech startups and consulting. After joining Costanoa, he built out the firm's cybersecurity practice and has partnered with one to two cybersecurity companies per year, typically at or near formation. His current investment interests include applied AI, agent-native incident response and recovery, and permission and governance for AI.

j•••@costanoa.vcreveal

Mark Selcow· Partner· San Franciscoin 𝕏

Mark Selcow is a Partner at Costanoa Ventures who spent 17 years as an operator before moving into investing. He co-founded and served as President of two companies: BabyCenter, an online parenting resource acquired by Johnson and Johnson in 2001, and Merced Systems, a performance management software provider for customer service functions acquired by NICE Systems in 2012. He focuses on fintech, applied AI in vertical software, and healthcare AI.

m•••@costanoa.vcreveal

Martina Lauchengco· Partner· San Francisco, Californiain 𝕏

Martina Lauchengco is a Partner at Costanoa Ventures focused on marketing and product go-to-market. She spent over 30 years as a marketing and product executive at Microsoft, Netscape/AOL, and Loudcloud, and wrote the book LOVED: How to Rethink Marketing for Tech Products. She teaches marketing and product in UC Berkeley's Masters in Engineering program and through SVPG workshops, and holds MA and BA degrees from Stanford University.

m•••@costanoa.vcreveal

Michelle McHargue· Partner, People & Talent· San Francisco, Californiain 𝕏

Michelle McHargue is a Partner focused on People & Talent at Costanoa Ventures, where she works with early-stage companies. She previously served as Talent Partner at Cowboy Ventures, leading talent-sourcing efforts across the firm and its portfolio, and has spent over a decade recruiting and building talent teams for Bay Area tech companies including Google, Adobe, and Yahoo.

m•••@costanoa.vcreveal

Tony Liu· Partner· San Francisco, Californiain 𝕏

Tony Liu is a Partner at Costanoa Ventures focused on AI, data, and developer infrastructure founders at early stages. His career spans data and AI roles: he worked as an ML engineer on search ranking at Amazon, built Turo's first ID fraud model as the basis of its risk platform, and led product for Workspace at Databricks. He holds a BS/MS from Stanford.

t•••@costanoa.vcreveal

Rebecca Li· Principal· San Francisco, Californiain 𝕏

Andy Huang· Finance Manager· San Francisco Bay Areain

Andy Huang is Finance Manager at Costanoa Ventures. He previously served as assistant controller at Shasta Ventures, handling financial operations including tax and financial reporting, and worked at Symphony Asset Management, a fixed-income hedge fund. He began his career at KPMG's Bay Area asset management audit practice, serving hedge fund and venture capital clients for five years.

Arpie Kawmongkolsi· Executive Assistant· San Francisco Bay Areain

Arpie Kawmongkolsi is an Executive Assistant at Costanoa Ventures. Before joining the firm, she worked for four years as an Administrative Assistant at Icon Ventures, supporting the investment team and handling event coordination. She attended UC Santa Barbara.

Katy Wiley· Director of Talent· Columbus, Ohio, United Statesin

Katy Wiley is Director of Talent at Costanoa Ventures, where she works with early-stage founding teams to identify hiring needs and source and close candidates. She was previously a Senior Corporate Recruiter at Toptal and spent four years as a Sr. Technical Recruiter at a boutique staffing agency. She is a graduate of The Ohio State University.

Nancy Katz· Partner, Investor Relations & Marketing· Palo Alto, Californiain

Nancy Katz is a Partner at Costanoa Ventures focused on investor relations and marketing. She previously co-founded the American Infrastructure Funds, where she led investor relations, fundraising, marketing, and communications and served on the Investment Committee, and earlier held investor relations roles at McCown De Leeuw (private equity), RREEF (institutional real estate), and Modulaire. She was also the first CEO of Net Impact, an international association of business students, and is a Rockefeller Fellow.

Pamela Magie· Director of Operations· San Francisco Bay Areain

Pamela Magie is Director of Operations at Costanoa Ventures, where she was the firm's second employee, overseeing operations, facilities, and IT. She has extensive administrative, facilities, and IT experience across early-stage teams and corporate enterprises, and previously worked at Sutter Hill Ventures, Symantec, Veritas, Affinia, and SurfWatch Software.

Ren Crosby· Platform & Operations Manager· San Francisco, California, United Statesin

Ren Crosby is the Platform & Operations Manager at Costanoa Ventures, focused on operations and community events. Prior roles include leading sales and events at Costanoa Resort, managing office operations at Telmate, over a decade at The Ritz-Carlton, and providing operational support at a private family office.

Sean Cai· Investor· San Francisco, California, United Statesin

Sean Cai is an early-stage investor at Costanoa Ventures focused on applied AI. He previously served as Head of Investments for New York at General Catalyst Venture Fellows and worked at Hummingbird Ventures, and earlier held roles as a Canaan venture fellow and Emergent Ventures grantee while working on 360 videoconferencing. He studied Economics and Information Science at Cornell and has operator experience dating back to his teens.

Taylor Bernal· Director of Marketing & Platform· Bay Areain

Taylor Bernal is Director of Marketing & Platform at Costanoa Ventures, where she supports portfolio founders on brand narrative, storytelling, and founder events. She previously worked on Sequoia Capital's marketing team and spent nearly six years at fintech startup NerdWallet, which she joined as an early PR/marketing hire. She studied anthropology in college.

Michael Parker· Associate

m•••@costanoa.vcreveal

Mike Albang· CFO· San Francisco Bay Areain

Mike Albang is the CFO at Costanoa Ventures, where he develops and oversees firm and fund financial operations and supports legal, compliance, and investment-related functions. He previously worked as a Senior Manager at Standish, a startup consulting firm serving venture capital and private equity firms, and as a Senior Associate at PwC working with hedge fund managers. He is a CPA and Chartered Financial Analyst with about two decades of experience in venture finance.

m•••@costanoa.vcreveal

Nicole Seah· Investor· San Francisco

Nicole Seah is an early-stage investor at Costanoa Ventures focused on healthcare, fintech, and vertical AI. Before Costanoa she was a management consultant at McKinsey & Company, working on go-to-market and growth strategy across healthcare and retail. She studied behavioral economics at Wharton, writes a blog on technology and culture, and researches human values in AI.

n•••@costanoa.vcreveal

Jared Franklin· Vice President· Boca Raton, Floridain 𝕏

Jared Franklin, a seed investor with 15+ years in fintech and crypto product roles (PayPal, BlockFi), runs a decade-old blog of detailed fintech/crypto theses and keeps an active angel portfolio.

Madison Hawkinson· Investor𝕏

Madison Hawkinson, a data scientist‑turned‑VC, treats investing as a data‑science experiment using A/B testing to evaluate markets and founders, combining Responsible AI leadership at Facebook with winery ownership.

McKenzie Parks· Associate· San Francisco, Californiain 𝕏

Mimi Salcedo· Scout· New York Cityin

Pallavi Hukerikar· Associate· Toronto, Ontarioin 𝕏

Founder mafia

4 people who came through Costanoa Ventures went on to found or lead other companies.

Greg RudinExec in ResidenceFounded Creative Destruction Lab Greg SandsFounder & Managing PartnerFounded Costanoa Ventures Evaline TsaiInvestment FellowFounded Cambridge Cancer Genomics Taylor BernalDirector of Marketing & PlatformFounded Nerd Wallet

What they invest in

from 42 of 62 portfolio companies

AI & Machine Learning ×23SaaS ×15Enterprise Software ×14Cybersecurity ×11Data & Infrastructure ×9Developer Tools ×8Fintech ×8Deep Tech ×4

HQs:United States×47Norway×1Sweden×1

Investments · 62 tracked

founders shown can be your intro path

By year:2026 · 10 2025 · 7 2024 · 6 2023 · 1 2022 · 2 2021 · 2 2020 · 1 2019 · 1 2018 · 2 2017 · 1 2016 · 2 2015 · 339 dated

Aquabyteaquabyte.aiDec 2021

Aquabyte develops an AI-powered platform combining computer vision and machine learning to monitor fish health, welfare, behavior, and biomass for aquaculture farms at sea and on land.

AgTechAI & Machine LearningIoTNorway, NO

Board seatGreg Sands· per SEC Form D

Co-investorsAlliance VC Alliance Venture Graphene Ventures Struck Capital Alaya Capital ArcTern Ventures +1 more

Auterionauterion.comSep 2025 · $130M

Auterion develops products and services around open standards for autonomous systems technology, contributing to open source projects and supporting academic institutions.

AI & Machine LearningDeep TechDefense TechDeveloper ToolsRoboticsArlington, US

LORENZ MEIER(Executive Officer, Director)inROBERT RAINHART(Executive Officer)

BoardALEX FERRARA(Director)inKLAUS HOMMELS(Director)in

Board seatGreg Sands· per SEC Form D

Co-investorsArmada Investment AG Bessemer Venture Partners In-Q-Tel Mosaic Ventures Tectonic Ventures Lakestar

Directlydirectly.comFeb 2015

San Francisco, US

Antony Brydon(Executive Officer, Director)Jeff Patterson(Executive Officer, Director)

Board seatGreg Sands· per SEC Form D

Co-investorsM12 (Microsoft's Venture Fund)Costanoa Venture Capital CrunchFund Toba Capital True Ventures

Empirical Securityempiricalsecurity.com inJul 2026

Chicago, US

Edward Bellis(Executive Officer, Director)Michael Roytman(Director)inJason Jacobs(Executive Officer)Stephen Ward(Director)

Board seatJohn Cowgill· per SEC Form D

Co-investorsSixty Degree Capital Hyde Park Angels

FOSSA, Inc.Jul 2025SEC filingmedium confidence

San Francisco, US

Board seatJohn Cowgill· per SEC Form D · $5.1M raise · filed Jul 2025

Guardian AnalyticsAug 2016SEC filingmedium confidence

Mountain View, US

Laurent Pacalin(Executive Officer, Director)Hue Harguindeguy(Executive Officer)

BoardMatt Glickman(Director)Skip Glass(Director)Jim Simons(Director)

Board seatGreg Sands· per SEC Form D · $5.6M raise · filed Sep 2016

Highnote Platform, Inc.Oct 2020SEC filingmedium confidence

San Francisco, US

John MacIlwaine(Executive Officer, Director)Nicola Morris(Executive Officer)Kin Kee(Executive Officer)

BoardGregory Sands(Director)inMatt Streisfeld(Director)in

Board seatGreg Sands· per SEC Form D · $11.5M raise · filed Oct 2020

Co-investorsOak HC/FT

Honahona.com in 𝕏Apr 2024SEC filingmedium confidence

Hona builds AI-powered case management software that automates client follow-ups and case tracking for law firms.

AI & Machine LearningEnterprise SoftwareLegalTechSaaSOrem, US

Josh Christensen(Founder)inMatt McClellan(Founder)inJoshua Christensen(Director)inMatthew McClellan(Executive Officer, Director)Christian Griffiths(Executive Officer, Director)

Board seatAmy Cheetham· per SEC Form D · $11.2M raise · filed Apr 2024

Co-investorsY Combinator

Kevala TechnologiesJun 2021SEC filingmedium confidence

Seattle, US

Todd Owens(Executive Officer, Director)

BoardGreg Gottesman(Director)

Board seatAmy Cheetham· per SEC Form D · $12.1M raise · filed Mar 2022

Kukuikukui.comJan 2013SEC filingmedium confidence

KUKUI provides a custom marketing platform for auto repair shops that integrates with their point-of-sale systems to track ROI, new and returning customers, phone calls, appointment forms, and customer reviews.

Marketing TechMobility & TransportationSaaSSan Jose, US

Todd Dale Westerlund(Executive Officer)Kate Wilmot(Executive Officer, Director)Ryan Wilmot(Executive Officer, Director)

Board seatGreg Sands· per SEC Form D · $324K raise · filed Feb 2018

Leap Services, Inc.Feb 2026SEC filingmedium confidence

Chicago, US

Jared Golden(Director)Amish . Tolia(Executive Officer, Director)

BoardRick Zullo(Director)in

Board seatJohn Cowgill· per SEC Form D · $15M raise · filed Mar 2026

Co-investorsEqual Ventures

Lively, Inc.livelyme.com in 𝕏Oct 2018

Lively provides AI-powered customer service and support for the benefits administration industry, combining intelligent technology with human representatives to resolve employee and customer inquiries.

AI & Machine LearningEnterprise SoftwareFintechHealthtechHR TechSaaSSan Francisco, US

Alex Cyriac(Founder/CEO)inShobin Uralil(Founder/COO)in

Board seatMark Selcow· per SEC Form D

Co-investorsB Capital Group B4 Capital Fifty Years FundersClub Lobby Capital Olive Tree Capital +9 more

Muon Spacemuonspace.com in 𝕏May 2022SEC filingmedium confidence

Muon Space designs, builds, and operates satellite constellations using its proprietary Halo technology stack, which integrates spacecraft platforms, payload integration, and software-defined orchestration to deliver data and enable real-time computation in space.

Deep TechHardwareSpace TechSilicon Valley, US

Jonny Dyer(Founder & CEO)inDaniel McCleese(Executive Officer, Director)Pascal Stang(Founder)inPaul Day(Executive Officer, Director)in

BoardRob Toews(Director)in

Board seatJohn Cowgill· per SEC Form D · $25M raise · filed Jun 2022

Co-investorsACME Capital ACTIVATE CAPITAL PARTNERS Air Street Capital Carbon Climactic Congruent Ventures +6 more

Quizletquizlet.comOct 2015

San Francisco, US

Andrew Sutherland(Executive Officer, Director, Promoter)inJon Foster(Executive Officer)

BoardFred Wilson(Director)inDavid L. Margulius(Director, Promoter)Mark Selcow(Executive Officer, Director)in

Board seatGreg Sands· per SEC Form D

Co-investorsIcon Ventures Owl Ventures Union Square Ventures (USV)Altos Ventures Owl

Return Pathreturnpath.com in 𝕏Nov 2016SEC filingmedium confidence

Return Path (now part of Validity) offers email deliverability tools that provide real-time inbox placement testing, sender reputation and authentication monitoring, blocklist alerts, and pre-send deliverability checks.

Data & InfrastructureMarketing TechSaaSNew York, US

Matthew Y. Blumberg(Executive Officer, Director)George Bilbrey(Co-Founder & President)SCOTT WEISS(Board Director (Andreessen Horowitz))Anita Absey(Chief Revenue Officer)JOHN T. SINCLAIR(Chief Financial Officer)Lisa T. Mogensen(Executive Officer)

Board seatGreg Sands· per SEC Form D · $261.8K raise · filed Dec 2016

Co-investorsGen Capital Sapphire Ventures Union Square Ventures (USV)Costanoa Venture Capital Foundry Vista Equity Partners

RunRevealrunreveal.com in 𝕏Apr 2025 · $7M

RunReveal is a security operations platform that ingests, normalizes, enriches, and analyzes security logs, with AI-powered detection and response built in via native AI chat and a Model Context Protocol server.

AI & Machine LearningCybersecurityData & InfrastructureAustin, US

Alan Braithwaite(CTO & Co-Founder)Evan Johnson(CEO & Co-Founder)Evan J Johnson(Founder)in

Board seatJohn Cowgill· per SEC Form D

Co-investorsModern Technical Okta Ventures Runtime Ventures

SlideRule Labs, Inc.Nov 2017SEC filingmedium confidence

San Francisco, US

Parul Gupta(Executive Officer, Director)Gautam Tambay(Executive Officer, Director)

Board seatMark Selcow· per SEC Form D · $11.1M raise · filed Apr 2019

Co-investorsReach Reach Capital

StackHawkstackhawk.com in 𝕏Aug 2025

StackHawk provides an API security tool designed for software development teams to identify and fix security vulnerabilities in real-time as part of their development workflow.

AI & Machine LearningCybersecurityDeveloper ToolsSaaSDenver, US

Joni Klippert(CEO, Co-Founder)Scott Gerlach(CSO, Co-Founder)inBryce Ambraziunas(Executive Officer)Ryan Severns(Executive Officer, Promoter)

BoardDavid Hartwig(Director)in

Board seatGreg Sands· per SEC Form D

Co-investorsFlybridge Capital Partners Foundry Matchstick Ventures Sapphire Ventures Skyview Ventures Taronga Group

Umba, Inc.Jan 2022SEC filingmedium confidence

San Francisco, US

Board seatMark Selcow· per SEC Form D · $15.5M raise · filed Apr 2022

Upcounselupcounsel.com in 𝕏Mar 2018SEC filingmedium confidence

UpCounsel offers an online platform for businesses to work with lawyers, providing tools for team messaging, document storage and e-signature, time tracking, and invoicing and payment management for legal engagements.

LegalTechMarketplacesSaaSSan Francisco, US

Board seatMartina Lauchengco· per SEC Form D · $12M raise · filed Apr 2018

Co-investorsAngelPad Cota Capital FundersClub Homebrew Runway Venture Partners

VictorOps inOct 2015SEC filingmedium confidence

Boulder, US

Bryce Ambraziunas(Executive Officer)Todd Vernon(Executive Officer, Director)

BoardRyan McIntyre(Director)James M. Lejeal(Director)

Board seatGregory P. Sands· per SEC Form D · $14.6M raise · filed Nov 2015

VividlyDec 2024SEC filingmedium confidence

Tomball, US

Board seatJohn Cowgill· per SEC Form D · $31.5M raise · filed Jan 2025

Co-investors645 Ventures Centana Partners Fermion

AppOmniappomni.com in 𝕏

AppOmni provides SaaS Security Posture Management (SSPM) software that secures enterprise SaaS and AI-driven applications to prevent data breaches, using threat research and continuous monitoring.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaSSan Francisco, US

Brian Soby(Co-Founder)inBrendan O'Connor(Chief Strategy Officer and Co-Founder)Bridget Gleason(CRO and Chief Customer Officer)Tina Hawk(Chief People Officer)

BoardAriel Tseitlin(Director)inPatrick Heim(Director)

Co-investorsCisco Investments ClearSky Inner Loop Capital Prosperity7 Ventures Scale Venture Partners Silicon Valley Data Capital +2 more

BigEyebigeye.com in 𝕏

Bigeye is a data observability platform that monitors and improves the reliability of datasets and pipelines for data engineering teams.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareDaly City, US

Kyle Kirwan(Co-founder)Egor Gryaznov(Co-founder)in

Co-investors645 Ventures Coatue Management Rackhouse Venture Management Lp Sequoia Capital In-Q-Tel

BrightGobrightgo.com in 𝕏Nov 2023 · $3M

BrightGo provides software tools for janitorial and cleaning services companies (BSCs) to automate work, track operations in real-time, and manage business complexity.

Enterprise SoftwareSaaSSan Bruno, US

GeraldSaagarGerald Fong(Founder)inSaagar Deshpande(Founder)in

Co-investorsIndex Ventures

Bugcrowdbugcrowd.com in 𝕏Feb 2024 · $102M

Bugcrowd runs a crowdsourced security platform that connects organizations with a community of ethical hackers to find and disclose vulnerabilities across their attack surface.

CybersecurityMarketplacesSaaSSan Francisco, US

Chris Raethke(Executive Officer)Casey Ellis(Executive Officer, Director)in

BoardNeill Occhiogrosso(Director)Charles Beeler(Director)

Co-investorsBlackbird Ventures General Catalyst Paladin Capital Group Rally Ventures Management, Llc Square Peg Capital Triangle Peak Partners

Capecape.co in 𝕏

Cape is a privacy-focused cellular service provider that offers secure mobile connectivity designed to protect subscriber data and privacy.

CybersecurityEnterprise SoftwareArlington, US

John Doyle(CEO)

Co-investorsAndreessen Horowitz Definition FDVC Karman Ventures 01 Advisors A*+7 more

Coiledcoiled.io in

Coiled is a lightweight compute platform that enables data engineers and scientists to scale Python code to thousands of cloud machines without Kubernetes or Docker.

Cloud ComputingData & InfrastructureDeveloper Tools

Matthew Rocklin(Founder)in

Co-investorsBessemer Venture Partners Essence Venture Capital IA Ventures

Community Investment Managementcim-llc.comOct 2025

CIM is an investment management firm focused on lending and asset management with fintech expertise, serving clients through investment strategies that include emerging markets and impact investing.

Enterprise SoftwareFintechImpact & Social GoodSan Francisco, US

Jacob Haar(Co-Founder and Managing Partner)Michael Hokenson(Co-Founder and Partner)Vivek Krishnappa(Chief Operating Officer)Dryden Liddle(General Counsel, Chief Compliance Officer)

Co-investorsAccion AHL Venture Partners Blue Haven Initiative Silicon Valley

Comuncomun.app in 𝕏

Común is a mobile financial platform for immigrants and the Latino community in the U.S., offering a U.S. checking account and debit card that can be opened without an SSN using a passport or official ID.

AI & Machine LearningConsumerFintechNew York City, US

Andres Santos(Co-founder & CEO)inAbiel Gutiérrez(Co-founder & CTO)inAbiel Gutierrez(Founder)

Co-investorsRedpoint Ventures RTP Global ANIMO Ventures FJ Labs South Park Commons

Costanoa Venturescostanoa.vc in

Costanoa is a venture capital firm that backs early-stage founders solving large, difficult problems, providing long-term partnership and operational support.

Greg Sands(Founder)inAmy Cheetham in

Co-investorsFoundry Union Grove Venture Partners Cherry Ventures Modern Technical Rain Capital

Cresicorcresicor.com

Spring, US

Alexander Whatley(CEO)

BoardJohn Cowgill(Director)

Co-investorsTorch Capital

Cyberhavencyberhaven.com in 𝕏Apr 2026 · $88M

Cyberhaven provides data detection and response (DDR) software that helps security teams investigate incidents involving data exfiltration and insider threats by reconstructing the complete timeline and context of user actions and data movements.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise Software

Volodymyr Kuznetsov(Founder)in

Co-investorsCrane Venture Partners ForgePoint Capital LaunchBay Capital Redpoint Ventures Vertex Ventures Wing +4 more

Cyralcyral.com in 𝕏acquired by Varonis Systems

Cyral provides agentless database security monitoring across cloud, on-premises, and SaaS environments.

Cloud ComputingCybersecurityData & Infrastructure

Manav Mital(Founder)in

Co-investorsA.Capital Ventures Redpoint Ventures SV Angel

Datalore

Faunafauna.comDefunct

Fauna built FaunaDB, a serverless document-relational cloud database, and shut down the service in May 2025.

San Francisco, US

Evan Weaver(Executive Officer, Director, Promoter)

Co-investorsConversion Capital DCVC (Data Collective)Madrona Venture Group Mango Capital Point72 Ventures Vista Venture Partners +3 more

Fixifyfixify.com in

Fixify provides an AI-assisted IT service desk that integrates with a customer's existing ticketing and productivity tools to automate routine support tasks, backed by a human team that handles designated issue categories.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investorsAviso Ventures Decibel Partners Paladin Capital Group Scale Venture Partners StoneMill Ventures

Fossafossa.com in 𝕏

FOSSA provides audit-grade open source license compliance software that scans codebases with full-text analysis to detect licenses, enforce policies, and automatically generate attribution documents.

AI & Machine LearningCybersecurityDeveloper ToolsLegalTechSaaSSan Francisco, US

Kevin Wang(Founder)in

Co-investorsCanvas Ventures Metaplanet Modern Technical Norwest Venture Partners 1517 Bain Capital Ventures +2 more

Highnotehighnote.fm

Highnote is a platform where artists and their communities upload audio to private spaces to chat, react, and share timestamped commentary around works-in-progress and unreleased music.

Creator EconomyMedia & EntertainmentSocial

Jordan Bradley(Founder)in

Co-investorsAfore Capital Oak HC/FT

Iteraitera.co

Itera builds and tests physical electronic circuits from a design without simulation, capturing real-world behavior and allowing rapid iteration.

Deep TechDeveloper ToolsHardware

AJ Cooper(Founder)inMattis Fjällström(Founder)

Co-investorsColle Capital Partners Upfront Ventures

IvoJan 2026 · $55M

Startup building tools for smarter legal work, backed by Costanoa.

Greenville, US

Mike Buiter(Chief Financial Officer)Richard Mansell(Chief Executive Officer)Daniel Telehey(Chief Operating Officer)

Co-investorsBlackbird Ventures GD1 Icehouse Ventures Fika Ventures NFDG Phase One Ventures +1 more

Keplerkepler.ai in 𝕏

Kepler builds an AI platform that separates language interpretation from deterministic data retrieval and computation so every answer is traceable to a verified source, aimed at finance professionals in investment banking, equity research, hedge funds, private equity, compliance, and accounting.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechNew York, US

Vinoo Ganesh(Founder)inJohn McRaven(Founder)

Co-investorsMantis Capital Pebblebed Canaan Partners IA Ventures Tribe Capital

Livelywearlively.comAcquired

Lively is a direct-to-consumer intimates brand selling bras and related apparel in a wide range of band and cup sizes as well as standard clothing sizes.

ConsumerDirect to ConsumerE-commerce

Co-investorsNotable Capital Haystack Interplay Ventures Early Stage Management Llc Liquid Ventures PJC Streamlined Ventures +2 more

Manifoldmanifold.inc in 𝕏Mar 2026 · $8M

Manifold operates a frontier AI lab providing GPU compute infrastructure with hardware-backed data protection and confidential computing capabilities.

AI & Machine LearningCloud ComputingData & InfrastructureAustin, US

Co-investorsDigital Currency Group Cherry Ventures Modern Technical Rain Capital

Manifoldmanifoldindustries.ai inMar 2026 · $8M

Manifold builds autonomous warehouse robots that perform case picking, palletizing, and trailer loading/unloading, combined with orchestration software that connects to existing ERP, WMS, and WES systems.

Advanced ManufacturingAI & Machine LearningHardwareLogistics & Supply ChainRoboticsLos Angeles, US

Joshua Ibrahim(Founder)inNicolas Yeh(Founder)in

Co-investorsY Combinator Calibrate Ventures Cherry Ventures Industry Ventures Modern Technical Rain Capital +2 more

Midshipmidship.ai inJan 2026 · $4.2MAcquired

Midship provides AI agents to augment audit professionals, offering transparency into AI work performance and integration with existing audit technology stacks.

AI & Machine LearningEnterprise SoftwareFintechSan Francisco, US

Kieran Taylor(Co-Founder)inAahel Iyer(Founder)inMax Maio(Co-Founder)in

Co-investorsY Combinator Seguin Ventures

Numanuma.com inOct 2024 · $32M

Numa builds AI for car dealership operations, focused on automating and managing dealership communication.

AI & Machine LearningMobility & TransportationSaaSSales Tech

Joel Grossman(Founder)inTasso Roumeliotis(CEO)

Co-investorsGradient Ventures Threshold Ventures Touring Capital Mitsui & Co

OpenPipeopenpipe.ai in 𝕏Acquired

OpenPipe provides an SDK that automatically captures prompt-completion pairs from existing LLM providers and converts them into fine-tuned models that are faster and more cost-effective to run.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSeattle, US

Kyle Corbitt(Founder)inDavid Corbitt(Founder)in

Co-investorsY Combinator Lombardstreet Ventures

Passbasepassbase.com in 𝕏

Passbase offers an investor onboarding solution that automates data and document collection from institutional and individual clients, with beneficial owner mapping and compliance monitoring tools.

CybersecurityFintechSaaSNew York City, US

Mathias Klenk(Executive Officer, Director)inDavid McGibbon(Director)

BoardTed Wang(Director)

Co-investorsBLN Capital Alphabet Kleiner Perkins

Prototyping.ioprototyping.io in 𝕏May 2026

Prototyping.io uses artificial intelligence to convert computer-aided design files into finished mechanical components, with automated analysis and production processes designed to reduce cost and accelerate delivery.

Advanced ManufacturingRoboticsSan Francisco, US

Revanth Bodepudi(Founder, CEO)inPrerit Oberai(Founder)in

Co-investorsHAWKTAIL Y Combinator Upfront Ventures

Rerunrerun.io in 𝕏Mar 2025 · $17M

Rerun is building a multimodal data stack for embodied AI, providing tools used by companies developing AI applications in the physical world.

AI & Machine LearningData & InfrastructureDeveloper ToolsRoboticsStockholm, SE

Emil Ernerfeldt(Founder)in

Co-investorsPoint Nine

SGNLsgnl.aiMar 2025 · $30M

SGNL provides privileged identity management and access control solutions for enterprises, helping CISOs manage and secure access to sensitive information across human and non-human identities.

CybersecurityEnterprise Software

Scott Kriz(Co-founder & CEO/CPO)inErik Gustavson(Co-founder & CTO)in

Co-investorsAviso Ventures Brightmind Cisco Investments Fika Moonshots Capital Resolute Ventures

Shepherdshepherdinsurance.com in 𝕏Mar 2026 · $42M

Shepherd combines underwriting expertise with technology to modernize commercial insurance risk selection, pricing, and servicing.

Construction TechFintechInsurTechSan Francisco, US

Mo Mahallawy(Cofounder / CTO)inJustin Levine(Founder)in

Co-investorsEra Ventures Y Combinator Greenlight Re Intact Ventures Spark Capital

Shepherdshepherd.study 𝕏Feb 2024 · $13.5M

Shepherd provides schools with a learning platform that integrates AI-powered study tools, tutoring access, peer collaboration features, and progress tracking to offer students personalized academic support.

AI & Machine LearningEdTechMarketplaces

Moyosoreoluwa Orekoya(Founder)inMarcella Imoisili(Founder)inKehinde Williams(Founder)in

Co-investorsY Combinator Era Ventures Greenlight Re Intact Ventures Spark Capital

Shepherdaskshepherd.ai inFeb 2024 · $13.5M

Shepherd is an AI assistant that integrates with a team's existing tools (messaging, code editors, CRM platforms) to create a unified memory system.

AI & Machine LearningEnterprise SoftwareHardwareSaaSSan Francisco, US

Philip Meng(Founder, CEO)inIshan Ramrakhiani(Founder)inElijah Renner(Founder)in

Co-investorsY Combinator Era Ventures Greenlight Re Intact Ventures Spark Capital

SmackAug 2026 · $61M

Boston startup behind SmackHigh Twitter accounts and Fam, an iPhone group video chat app for up to 16 people.

Boston, US

Giuseppe Stuto(Executive Officer, Director)Frank Iudiciani(Executive Officer, Director)

Co-investorsFulcrum Venture Bloomberg Beta First In Fortitude Ventures Geodesic Capital Palumni VC +2 more

Smack Technologiessmacktechnologies.com in 𝕏

Smack builds domain-specific AI models for military decision-making.

AI & Machine LearningDeep TechDefense Tech

Andy Markoff(Founder & CEO)inClint Alanis(COO & Co-Founder)inDan Gould(Head of Strategy & Co-Founder)

Co-investorsFelicis Ventures Fulcrum Venture Geodesic Capital Scribble Ventures First In

Springboardspringboard.com in 𝕏

Springboard runs online, mentor-supported career training programs in fields such as cybersecurity, software engineering, UI/UX design, data analytics, data science, and machine learning, with upcoming certificate programs for allied health roles.

EdTechFuture of WorkSan Francisco, US

Gautam Tambay(Co-founder & CEO)Parul Gupta(Co-founder)Andrew Moers(President, Consumer Business)Nichole Pitzen(VP People & Places)Kara Sasse(Chief Product Officer)Sudakshmina Mandal(Head of Engineering)

Co-investors500 Global Globevestor Moneta Ventures Rocketship.vc SJF Ventures Titanium Ventures +3 more

Tensectensec.io in

Tensec provides secure global payment and banking services by partnering with established financial institutions worldwide.

AI & Machine LearningCybersecurityFintechSaaS

Sandrine Cousquer-Okasmaa(Founder)in

Co-investorsIGNIA Upper90 Montage Ventures Quiet Capital

Toro

HealthtechPhoenix, US

Austin Mahfouz(Executive Officer)George Mahfouz(Executive Officer)

Co-investorsPoint72 Ventures

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 1

IPOs and acquisitions across the tracked portfolio

Cyralacq. by Varonis Systems

Portfolio news

latest coverage across their companies

White House “Golden Age” of Science Plan Ignores What Made US Science Succeed | The Scientist

Vannevar · the-scientist.com · Aug 21, 2026

Smack Raises $61M Series B to Build LLMs for Military | citybiz

Smack · citybiz.co · Aug 19, 2026

Smack Technologies Raises $61M in Series B Funding

Smack Technologies · finsmes.com · Aug 18, 2026

Kepler Cheuvreux Boosts Ipsen PT, Maintains Hold Rating | MarketScreener

Kepler · marketscreener.com · Aug 17, 2026

Bulgarian Founder Vince Gaydarzhiev Raises $10M for AI Vehicle Inspection Startup

Costanoa Ventures · therecursive.com · Aug 17, 2026

Highnote’s Bet on a Single Platform for Modern Payments

Highnote · tradeflock.com · Aug 12, 2026

Should Slowing Revenue, EPS Growth And Returns Require Action From Toro (TTC) Investors? - Simply Wall St News

Toro · simplywall.st · Aug 11, 2026

Empirical Security Announces $25M Series A to Defend Against AI-Accelerated Exposures

Empirical Security · theaiinsider.tech · Jul 29, 2026

Frequently asked questions

How many investments has Costanoa Ventures made?: Costanoa Ventures has 8 tracked investments, including 2 dated in the last 24 months.
What stage does Costanoa Ventures invest at?: Costanoa Ventures invests at the Pre-Seed, Seed, Series A stages.
What is Costanoa Ventures's typical check size?: Costanoa Ventures typically writes checks of $500K – $8M.
What sectors does Costanoa Ventures focus on?: Costanoa Ventures focuses on AI & Machine Learning, Data & Infrastructure, Deep Tech, Enterprise Software, Fintech, SaaS, Sector Agnostic.
Where is Costanoa Ventures located?: Costanoa Ventures is headquartered in San Francisco, US.
Does Costanoa Ventures lead rounds?: Yes, Costanoa Ventures leads investment rounds.
Who does Costanoa Ventures co-invest with?: Costanoa Ventures most often shares deals with Foundry, Point72 Ventures, Andreessen Horowitz, among 35 tracked co-investors.

From the blog

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Costanoa recently focused on national security and defense technology investments, including announcing Joe Sullivan as a Venture Partner and highlighting portfolio companies like Lumbra and Vannevar that apply AI and advanced technology to intelligence and military challenges. AI summary

Welcoming Joe Sullivan to CostanoaJul 2026Costanoa announces former Meta, Uber, and Cloudflare CISO Joe Sullivan as a Venture Partner to work with cybersecurity founders and portfolio companies.Where Mission Meets InnovationApr 2026Costanoa reflects on sponsoring the MIT and Harvard Technology & National Security Conference, highlighting portfolio companies and the shift of national security technology into mainstream venture capital.Lumbra: Bringing Machine Speed to the U.S. Intelligence CommunityMar 2026Costanoa backed Lumbra, a company using AI to help U.S. intelligence analysts synthesize classified and unclassified data while maintaining security and accuracy.

Media · Podcasts & interviews

featuring the team

187th 1Mby1M Entrepreneurship Podcast With Mark Selcow, Costanoa Ventures - 1Mby1M Entrepreneursh...

1Mby1M Roundtables · Mark Selcow

What Founders Get Wrong About Picking VCs | Greg Sands, Costanoa Ventures | The Venture Variety Show

The Venture Variety Show · Greg Sands

2025 Venture Investing ft. Costanoa Ventures Partner Amy Cheetham

Grace Gong · Amy Cheetham

The Power of Storytelling with Amy Cheetham at Costanoa Ventures

DrinksWithAVC · Amy Cheetham

Defining Product Market Fit with Amy Cheetham at Costanoa Ventures

DrinksWithAVC · Amy Cheetham

Fundraising & Facing Your Fears with Amy Cheetham at Costanoa Ventures

DrinksWithAVC · Amy Cheetham

Images

Co-investors · 115

Point72 Ventures

Point72 Ventures is a venture capital firm that backs founders across sectors, providing insight, industry expertise, and network support. Since 2016 it has invested in more than 130 companies.

Both backed · 6

Cape Fauna Smack Toro Toro Data Labs Vannevar

$1M – $75M

Redpoint Ventures

Redpoint Ventures is a venture capital firm established in 1999 by former partners from leading venture firms, focusing on early-stage technology companies across multiple sectors. The firm leverages its partners' technology investment experience and an extensive network of entrepreneurs and industry contacts to support portfolio company growth.

Both backed · 3

Comun Cyberhaven Cyral

$100K – $10M

Foundry

Foundry invests in early-stage startups and venture funds across multiple sectors. The firm builds a portfolio-based network connecting portfolio companies with other investors and entrepreneurs.

Both backed · 3

Costanoa Ventures Return Path StackHawk

$250K – $15M

Bessemer Venture Partners

Bessemer Venture Partners is a global venture capital firm that partners with entrepreneurs across enterprise, consumer, and healthcare sectors from early stages through growth.

Both backed · 2

Auterion Coiled

$5M – $100M

Felicis Ventures

Felicis Ventures is a venture capital firm that backs founders primarily at the Seed and Series A stages, frequently leading or co-leading rounds. It operates with a founder-first approach, including a founder pledge and voting commitments.

Both backed · 2

Smack Technologies Vannevar

$500K – $15M

Bain Capital Ventures

BCV Labs is the platform and hands-on support arm of Bain Capital Ventures, providing portfolio founders with go-to-market strategy, brand development, hiring assistance, and customer introductions.

Both backed · 2

Cape Fossa

$1M – $100M

Union Square Ventures (USV)

Union Square Ventures is a venture capital firm based in New York City that invests at the edge of large markets undergoing transformation from technological and societal pressures.

Both backed · 2

Quizlet Return Path

$1M – $8M

Sapphire Ventures

Sapphire Ventures partners with expansion-stage enterprise software companies aiming to become category leaders.

Both backed · 2

Return Path StackHawk

$5M – $20M

Streamlined Ventures

Streamlined Ventures is an early-stage venture firm that partners with founders and invests at the seed stage to help build large-scale companies.

Both backed · 2

Lively Lively, Inc.

$100K – $1M

Oak HC/FT

Oak HC/FT is a growth equity firm that partners with founders building companies in healthcare and financial services, leveraging sector expertise and networks.

Both backed · 2

Highnote Highnote Platform, Inc.

Scale Venture Partners

Scale Venture Partners is an early-stage venture capital firm that partners with AI companies, supporting their transition from founder-led growth to a scalable go-to-market operation.

Both backed · 2

AppOmni Fixify

$5M – $25M

IA Ventures

IA Ventures is a venture capital firm that invests in early-stage software and frontier technology companies.

Both backed · 2

Coiled Kepler

$1M – $3M

▶103 more co-investors

Blackbird Ventures 645 Ventures Paladin Capital Group Andreessen Horowitz Sequoia Capital General Catalyst GV (Google Ventures)Index Ventures Uncork Capital Spark Capital B Capital Group True Ventures Norwest Venture Partners Canaan Partners Canvas Ventures Threshold Ventures Wing Homebrew Decibel Partners M12 (Microsoft's Venture Fund)Owl Ventures XYZ Venture Capital Radical Ventures Adams Street Partners Congruent Ventures Equal Ventures Calibrate Ventures Ubiquity Ventures Altos Ventures Alaya Capital Lightspeed Venture Partners Accel Greylock Partners New Enterprise Associates (NEA)Alumni Ventures Insight Partners Benchmark Foundation Capital Everywhere Ventures Kraken Plug and Play Ventures Battery Ventures FirstMark Capital RRE Ventures NextView Ventures Freestyle Capital Emergence Capital Partners Obvious Ventures SoftBank Vision Fund Amplify Partners Floodgate Stride VC Acrew Capital Todd and Rahul’s Angel Fund Lerer Hippeau US Venture Partners Banana Capital Lightbank Uncorrelated Ventures Salesforce Japan Co.,Ltd.Chemistry Dell Technologies Capital Unusual Ventures Awesome People Ventures Better Tomorrow Ventures AIX Ventures Draper Fisher Jurvetson (DFJ)March Capital Partners Tribeca Venture Partners High Alpha OurCrowd Hyde Park Venture Partners American Express Ventures (Amex)Heavybit Shrug Capital Summit Partners Preston-Werner Ventures Jackson Square Ventures firstminute capital House Greenoaks Samsung Next Scout Ventures Xfund National Grid Partners Sorenson Ventures Toyota Ventures Rembrandt Venture Partners Cerity Partners Ventures Friale Alchemist Accelerator MPG Fund Workday Ventures Pritzker Group Venture Capital Element Partners Main Sequence Ventures Creative Destruction Lab (CDL)DVx Ventures Chainforest Berkeley Blockchain Xcelerator JetBlue Ventures Leonis Capital Westerly Winds

Firms observed investing alongside Costanoa Ventures, from public investor directories. Shared companies are the overlap with Costanoa Ventures's recorded portfolio.

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