Shasta Ventures
Venture capitalMenlo Park · Pre-Seed–Series A
Also known as SHASTA VENTURES MANAGEMENT, LLC
Investment thesis
Shasta Ventures focuses on early-stage investing, which it views as grounded in trust and partnership. The firm backs founders early, offering not just capital but also strategic insight and operating experience to help build enduring, iconic companies. Its investment interests center on software, artificial intelligence, and deep technology.
Source: firm website, verified Aug 3, 2026.
What they invest in
from 26 of 35 portfolio companiesEnterprise Software ×16AI & Machine Learning ×12SaaS ×9Developer Tools ×7Data & Infrastructure ×5Cloud Computing ×4Fintech ×3Consumer ×2
HQs:United States×27Singapore×1
Investments · 35 tracked
founders shown can be your intro pathNew York, US
Myles Kleeger(Executive Officer)Jonathan Hyman(Executive Officer)Tom Peterson(Director)Doug Pepper(Director)Neeraj Agrawal(Director)Bill Magnuson(Executive Officer, Director)
Board seatDoug Pepper· per SEC Form D · $20.4M raise · filed Jul 2017
San Francisco, US
Board seatDoug Pepper· per SEC Form D · $50M raise · filed Nov 2020
San Francisco, US
Board seatDoug Pepper· per SEC Form D · $147M raise · filed Feb 2021
San Francisco, US
Raman Kapur(Executive Officer)Doug Pepper(Director)Magnus Hillestad(Executive Officer, Director)Joakim Dal(Director)Jesse Robbins(Director)Simen Svale Skogsrud(Director)
Board seatDoug Pepper· per SEC Form D · $87.2M raise · filed May 2025
New York, US
Doug Pepper(Director)Asif Rahman(Executive Officer)Shafqat Islam(Executive Officer, Director)Iraj Islam(Executive Officer, Director)Chris Ahearn(Director)Liron Gitig(Director)
Board seatDoug Pepper· per SEC Form D · $42M raise · filed Sep 2015
Austin, US
Doug Pepper(Director)Mike Dodd(Director)Rod Favaron(Executive Officer, Director)Tim Barker(Executive Officer)Adam Marcus(Director)Chris Harrington(Director)
Board seatDoug Pepper· per SEC Form D · filed Sep 2015
Writer provides an enterprise AI platform with AI agents that execute tasks autonomously, handling marketing automation and content work for large organizations.
AI & Machine LearningEnterprise SoftwareMarketing Tech
May Habib(Founder & CEO)in
Board seatDoug Pepper· per SEC Form D · $200M raise · filed Nov 2024
Boston, US
Robert Smith(Executive Officer)Natalya Brikner(Executive Officer, Director)
BoardDarren Garber(Executive Officer, Director)Danil Subkhankulov(Director)Robert Kaemmerer(Director)Greg Nixon(Director)
Activeloop provides a data infrastructure platform that indexes, searches, and organizes multimodal data (documents, images, videos) for AI applications through its Deep Lake database and search capabilities.
AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US
Davit Buniatyan(Founder)in
PicnicHealth aggregates medical records from multiple healthcare providers into a unified digital platform and connects patients with a clinical team to develop personalized care plans.
Digital HealthHealthtech
AppSheet is a no-code application development platform that enables users to build apps and automated workflows without coding, using AI-powered tools and integrations with Google Workspace and third-party services.
Developer ToolsEnterprise SoftwareBellevue, US
Praveen Seshadri(President and Chief Executive Officer of the Issuer)Greg Papadopoulos(Director of the Issuer)Ravi Mohan(Director of the Issuer)
Apptio provides AI investment management software that helps organizations track, optimize, and align AI spending across infrastructure, talent, and tooling from prioritization through ROI measurement.
AI & Machine LearningCloud ComputingEnterprise SoftwareSaaSUnknown, US
Ajay Patel(General Manager of Apptio and IT Automation at IBM)Larry Blasko(President, Field Operations)Eugene Khvostov(Chief Product Officer)David Buitrago(Chief Operating Officer and Chief Financial Officer)Ashok Aletty(Head of Engineering)JOHN MCADAM(Director)
Athelas develops software tools for private practice healthcare providers to reduce administrative burden, improve operational efficiency, and enhance patient scheduling and navigation capabilities.
AI & Machine LearningEnterprise SoftwareHealthtechSaaSSan Francisco, US
Deepika Bodapati(Founder)inTanay Tandon(Founder)inHemant Taneja(Director)
Dollar Shave Club offers razors and grooming products through a subscription model, delivering sharp stainless steel blades and shaving essentials directly to consumers at lower price points.
ConsumerDirect to ConsumerE-commerceLos Angeles, US
Michael Dubin(Founder)inMichael Jones(Director)David Pakman(Director)Christopher Marshall(Director)Daniel Murray(Executive Officer)Kevin Datoo(Executive Officer)
Flyhomes provides a wholesale lending platform offering "Buy Before You Sell" financial products that allow homebuyers to purchase a home before selling their current one.
B2B MarketplacesFintechPropTechSeattle, US
Tushar Garg(Executive Officer, Director, Promoter)Adam Hopson(Executive Officer)inRyan Dibble(Executive Officer)inMark Vadon(Director)Stephen Lane(Executive Officer, Director, Promoter)
BoardAlex Rampell(Director)
Seattle, US
Robert Wahbe(Executive Officer, Director)Timothy M. Porter(Director)Douglas Pepper(Director)
Oomnitza provides an Enterprise Technology Management platform that automates key IT business processes by correlating data from existing solutions to manage users, endpoints, applications, and infrastructure.
AI & Machine LearningCloud ComputingEnterprise SoftwareIoTSaaSSan Francisco, US
ADAM SMITH(Director)ARTHUR LOZINSKI(Executive Officer, Director)
Second Measure provides data analytics and insights derived from consumer transaction data to support investment research and decision-making.
Data & InfrastructureEnterprise SoftwareFintechSan Francisco, US
Sendbird provides an AI-powered conversation platform that enables businesses to build conversational AI agents for customer interactions.
AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US
John S. Kim(Co-Founder/CEO)inBrandon Jeon(Founder/Head of Trust and Safety)inHarry Kim(Founder/CTO)inKaran Mehandru(Director)Douglas Pepper(Director)Yoonho Jeon(Director)
Starsky Robotics develops autonomous vehicles for long-haul trucking, targeting transportation companies seeking driverless freight delivery solutions.
Advanced ManufacturingMobility & TransportationSan Francisco, US
Stefan Seltz-Axmacher(Founder/CEO)in
Suplari provides procurement intelligence and AI agents for enterprise procurement teams, helping them consolidate fragmented data and automate decision-making and execution without replacing existing systems.
AI & Machine LearningData & InfrastructureEnterprise SoftwareSeattle, US
Jeff Gerber(Executive Officer, Director, Promoter)inNikesh Parekh(Executive Officer, Director, Promoter)inBrian White(Executive Officer, Promoter)
BoardMatt McIlwain(Director)
The Farmer's Dog produces fresh, refrigerated pet food for dogs made with human-grade ingredients and designed to be nutritionally complete.
Direct to ConsumerFoodTech
Brett(Co-founder)Jonathan(Co-founder)
Valimail provides email authentication and identity protection services for organizations, helping them secure their email domains against impersonation and maintain trust in digital communications.
CybersecurityEnterprise SoftwareSaaSSan Francisco, US
John De Santis(Director)Peter Goldstein(Executive Officer, Director)Alexander Garcia-Tobar(Executive Officer, Director)Jason Pressman(Director)David B. Aronoff(Director)
Zuora provides a monetization platform for managing quote-to-cash processes, including billing, revenue recognition, payments, and collections for companies monetizing through subscriptions, usage-based, or hybrid pricing models.
Enterprise SoftwareFintechSaaSFoster City, US
Craig Hanson(Director)Abhishek Agrawal(Director)Peter Fenton(Director)Tyler Sloat(Executive Officer)Jason Pressman(Director)Tien Tzuo(Executive Officer, Director)
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.
Fund performance · per public LP disclosures · 5
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Shasta Ventures V, L.P.LPs: California State Teachers' Retirement System | 2017 | — | 14.8% | 2.44x | 0.39x |
| Shasta Ventures IV, L.P.LPs: California State Teachers' Retirement System | 2014 | — | -10.4% | 0.47x | 0.14x |
| Shasta Ventures III, L.P.LPs: California State Teachers' Retirement System | 2012 | — | 7.5% | 1.88x | 1.36x |
| Shasta Ventures II, L.P.LPs: California State Teachers' Retirement System | 2008 | — | 20.0% | 4.22x | 4.15x |
| Shasta Ventures, L.P.LPs: California State Teachers' Retirement System | 2005 | — | 0.7% | 1.05x | 1.05x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Shasta Ventures invest at?
- Shasta Ventures invests at the Pre-Seed, Seed, Series A stages.
- What is Shasta Ventures's typical check size?
- Shasta Ventures typically writes checks of $250K – $6M.
- What sectors does Shasta Ventures focus on?
- Shasta Ventures focuses on AI & Machine Learning, Deep Tech, Enterprise Software, SaaS.
- Where is Shasta Ventures located?
- Shasta Ventures is headquartered in Menlo Park, US.
Media · Podcasts & interviews
featuring the teamMeet The VC: Jacob Mullins of Shasta Ventures - YouTube
Early Growth · Jacob Mullins
Reality Checks with Niko Bonatsos (General Catalyst), Jacob Mullins (Shasta Ventures), Catherine... | TechCrunch
Jacob Mullins · techcrunch.com
Shasta Ventures' Jacob Mullins Evaluates Investments in Camera-First Innovations (Preview) - YouTube
Edge AI and Vision Alliance · Jacob Mullins
Ryan Lawler Talks Hardware with Shasta Ventures' Rob Coneybeer | CES 20 • TechCrunch
Rob Coneybeer · techcrunch.com
Rob Coneybeer, Shasta Ventures, Talks Hardware | CES 2014 - YouTube
TechCrunch · Rob Coneybeer
Starting Up: Is It a Product or a Company? with Rob Coneybeer (Shasta Ventures) - YouTube
Wharton School · Rob Coneybeer
Co-investors · 106
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▶94 more co-investors
BenchmarkFelicis VenturesBain Capital VenturesFirst Round CapitalEverywhere VenturesDCVC (Data Collective)Coatue ManagementIVP (Institutional Venture Partners)Norwest Venture PartnersAtomicoGreat Oaks Venture CapitalCanaan PartnersSapphire VenturesEniac VenturesStreamlined VenturesACME CapitalMayfield FundPartech VenturesRRE VenturesSlow VenturesNextView VenturesGreycroftSciFi VCLux CapitalMadrona Venture GroupLookout VenturesEmergence Capital PartnersFloodgateMeritech Capital PartnersBond Capital ManagementPractical Venture CapitalSierra Ventures8VCTrinity VenturesVenrockGoodwater CapitalUS Venture PartnersMatrixUncorrelated VenturesDell Technologies CapitalFootworkTenaya Capital23andMeRenegade PartnersDraper Fisher Jurvetson (DFJ)Pelion Venture PartnersAugust CapitalZetta Venture PartnersViola VenturesWildcat Venture PartnersCoinFundHeartcore CapitalPolychain CapitalUpside PartnershipAmerican Express Ventures (Amex)Lobby CapitalAnorak VenturesFf Venture CapitalBlackbird VenturesCapital FactoryBlue Owl CapitalPresence CapitalFusionAmplo VenturesPitangoG2 Venture PartnersTLV PartnersAZ-VCJigsaw VCSquare Peg CapitalBINARY CAPITALMoonfire VenturesAllegisCyber CapitalFounders Circle CapitalWalden Catalyst VenturesForgePoint CapitalS3 VenturesAct One VenturesSpace CapitalCongruent VenturesInventus Capital PartnersFirefly HealthElsewhere PartnersIndie.vcColle Capital PartnersV3 VenturesWorkday VenturesCloud Apps Capital PartnersMomenta VenturesNTT Venture CapitalWorld Innovation Lab (WiL)Vertical Venture PartnersIndustrious VenturesSuper Ventures
Firms observed investing alongside Shasta Ventures, from public investor directories.
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