Costanoa Ventures raises $175 million fund

Costanoa Ventures has lifted a $175 million fund, a third account for a Palo Alto-based try firm.

With a concentration on craving technology, Costanoa Ventures typically invests during seed theatre and Series A. The new account brings a sum collateral for a five-year-old organisation to $500 million underneath management.

Founder and handling partner Greg Sands came from Sutter Hill, and before that was famous for entrance adult with a name Netscape, a dot-com-era web browser where he worked.

Recently, a organisation distinguished a exit of Intacct, a accounting program association that was acquired by Sage Group for about $850 million. They were also in Datalogix, which sole to Oracle for some-more than $1 billion.

Sands tells TechCrunch that he’s looking for “companies that are data-driven, SaaS and a infrastructure that supports them.” He’s also open to opportunities that don’t fit that mold, like their investment in renouned flashcard app Quizlet. Costanoa’s organisation is “smart adequate to commend a unequivocally special event and association when we see it.”

The organisation emphasizes their hands-on approach, deliberation themselves quite concerned for an early-stage fund. Operating partners Martina Lauchengco and Jim Wilson assistance breed a startups and work with product-oriented founders to build sales and go-to-market strategies.

Antony Brydon, owner and CEO of Directly, supposing us this quote. “The Costanoa organisation started operative with us months before we were even meditative about lifting a round, operative on pricing in a bureau and introducing us to customers, possibilities and collaborators that were low in a domain. Most investors gaunt behind until they invest; I’ve never met an financier that combined so most before they had an tenure stake. They are entrepreneurs as most as investors — they’re looking initial and inaugural to build something great.”

Most of Costanoa’s investments have been in a United States, though they also have a few portfolio companies in Australia.

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Posted by on Sep 15 2017. Filed under NEWS. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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