Costanoa Ventures

aid: costanoa-ventures
name: Costanoa Ventures
description: >-
  Costanoa Ventures is an early-stage venture capital firm founded in June 2012
  and headquartered in Palo Alto, California, with an additional office in San
  Francisco. Costanoa invests primarily at the Seed and Series A stages, writing
  checks of roughly $1M to $10M and taking concentrated 10-15% ownership across
  about 35 companies per fund. The firm's thesis is to fill the "missing middle"
  of early-stage venture by providing unusually hands-on, operator-led support to
  founders building applied AI, AI and data infrastructure, cybersecurity,
  national security / defense tech, fintech, and enterprise software companies.
  Costanoa was founded by Greg Sands (an early Netscape product manager) and
  manages roughly $2.8B in assets. In September 2024 it closed an oversubscribed
  Fund V at $275M alongside Opportunity Fund III at $119M, doubling down on
  AI-enabled B2B technology. Portfolio companies include Alation, Cyberhaven,
  Quizlet, PayNearMe, Auterion, Vannevar Labs, Kepler Communications, and Muon
  Space.
x-type: venture-capital
x-category: Venture Capital
deliveryModel:
  model: unknown
  open_source: false
  commercial: false
  callable_host: false
  label: Delivery model not determined — needs a product licence on record
  confidence: low
  source:
  - none
  generated: '2026-08-28'
  method: derived
accessModel:
  pricing: unknown
  onboarding: unknown
  trial: false
  try_now: false
  public: false
  label: Unknown
  confidence: low
  source: []
  generated: '2026-07-22'
  method: derived
image: https://www.costanoa.vc/favicon.ico
created: '2026-07-17'
modified: '2026-07-17'
specificationVersion: '0.23'
tags:
  - Venture Capital
  - Early Stage
  - Seed
  - Series A
  - Applied AI
  - Data Infrastructure
  - Cybersecurity
  - National Security
  - Fintech
  - Enterprise Software
  - San Francisco Bay Area
apis: []
common:
  - type: Website
    url: https://www.costanoa.vc
  - type: Portfolio
    url: https://www.costanoa.vc/portfolio
  - type: Portfolio
    url: portfolio/costanoa-ventures-portfolio.yml
  - type: Team
    url: https://www.costanoa.vc/team
  - type: Team
    url: team/costanoa-ventures-team.yml
  - type: InvestmentThesis
    url: https://www.costanoa.vc/approach
  - type: Blog
    url: https://www.costanoa.vc/perspectives
  - type: Jobs
    url: https://jobs.costanoa.vc
  - type: LinkedIn
    url: https://www.linkedin.com/company/costanoa-ventures
  - type: Crunchbase
    url: https://www.crunchbase.com/organization/costanoaventures
  - type: Contact
    url: https://www.costanoa.vc
  - type: Features
    data:
      - 'Stage: Seed, Series A (early-stage)'
      - 'Typical check: $1M-$10M'
      - 'Ownership target: 10-15%'
      - 'Portfolio construction: ~35 companies per fund'
      - 'Sectors: applied AI, AI & data infrastructure, cybersecurity, national security, fintech, enterprise software'
      - 'Geography: United States (San Francisco Bay Area focus)'
      - 'AUM: ~$2.8B (self-reported)'
      - 'Latest funds: Fund V $275M + Opportunity Fund III $119M (Sept 2024)'
      - 'Founded: June 2012'
      - 'HQ: Palo Alto, CA (office also in San Francisco, CA)'
    sources:
      - https://www.costanoa.vc
      - https://www.globenewswire.com/news-release/2024/09/18/2948355/0/en/costanoa-ventures-closes-oversubscribed-early-stage-fund-expands-investments-in-ai-enabled-b2b-tech.html
    updated: '2026-07-17'
maintainers:
  - FN: Kin Lane
    email: kin@apievangelist.com
    url: https://apievangelist.com
  - FN: APIs.json
    url: https://apisjson.org
  - FN: Costanoa Ventures
    email: info@costanoa.vc
    url: https://www.costanoa.vc