# Costanoa: portfolio, investments and team

> Costanoa is a vc firm based in United States. 11 investments on record, latest Mar 2025. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/costanoa (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Costanoa

Filed with the SEC to raise a fund in Sep 2026, closing $50M. Last cheque observed Mar 2025.

Email

VC firm Quiet New fund $50M, Sept 2026

Series B Series A Series C

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 11 on record

Since the last cheque **596** days **00** hrs **00** min **00** sec

Median round **$25M** Rounds led **0 of 11** Mostly in **United States, 91%**

Pitch Costanoa

## Costanoa highlights

- 01 11 rounds on record
- 02 Mostly Series B and Series A: 70% of its rounds

## What they do

> Filed 1 private fund offerings with the SEC, the most recent in 2025-10 From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Based in:** PALO ALTO, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **11 appearances**

- **2025** 1 round
- **Mar** **[Cape](https://millionrounds.com/company/cape)** Series B · US · TechCrunch **$30M** With 4 others
- **2019** 4 rounds
- **Apr** **[6sense](https://millionrounds.com/company/6sense)** US · FinSMEs **$27M** With 5 others
- **Mar** **[Skedulo](https://millionrounds.com/company/skedulo)** Series B · US · FinSMEs **$28M** With 2 others
- **Feb** **[Landit](https://millionrounds.com/company/landit)** Series A · US · FinSMEs **$13M** With 13 others
- **Jan** **[Alation](https://millionrounds.com/company/alation)** Series C · US · FinSMEs **$50M** With 4 others
- **2018** 4 rounds
- **Sept** **[Auterion](https://millionrounds.com/company/auterion)** Seed · CH · TechCrunch **$10M** With 3 others
- **Apr** **[Directly](https://millionrounds.com/company/directly)** Series B · US · FinSMEs **$20M** With 2 others
- **Mar** **[Bugcrowd](https://millionrounds.com/company/bugcrowd)** Series C · US · TechCrunch **$26M** With 6 others
- **Feb** **[Quizlet](https://millionrounds.com/company/quizlet)** Series B · US · FinSMEs **$20M** With 3 others
- **2017** 2 rounds
- **Sept** **[Fauna](https://millionrounds.com/company/fauna)** Series A · US · FinSMEs **$25M** With 12 others
- **Jul** **[Alation](https://millionrounds.com/company/alation)** Series B · US · FinSMEs **$23M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **1 named**

GP **Gregory P. Sands** Managing Member of the Manager i Filing they signed

We also hold **6** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

New fund on file

**$50M**

raised in Sept 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Series B Series A Series C

Median round joined **$25M** the round, not its cheque

Led 0 of 11 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Mar 2025

Rounds by stage said on their site

- Series B *5*
- Series A *2*
- Series C *2*
- Seed *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [DCVC](https://millionrounds.com/fund/data-collective) 3
- [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) 2

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## Who they invest alongside

The investors most often in the same rounds as Costanoa. A count of rooms they were both in, not a relationship either has claimed.

[**DCVC** VC firm **3** rounds together](https://millionrounds.com/fund/data-collective)[**Salesforce Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/salesforce-ventures)

## Recently backed

The latest companies Costanoa put money into.

[**Cape** $30M · Mar 2025](https://millionrounds.com/company/cape)[**6sense** $27M · Apr 2019](https://millionrounds.com/company/6sense)[**Skedulo** $28M · Mar 2019](https://millionrounds.com/company/skedulo)[**Landit** $13M · Feb 2019](https://millionrounds.com/company/landit)[**Alation** $50M · Jan 2019](https://millionrounds.com/company/alation)[**Auterion** $10M · Sept 2018](https://millionrounds.com/company/auterion)

## Quick answers about Costanoa

### What does Costanoa invest in?

Costanoa invests most often at Series B and Series A (70% of the rounds on record).

### How active is Costanoa?

11 investments on record, 0 of them in the last 12 months. The most recent was in Mar 2025.

### What has Costanoa invested in recently?

Its most recent investments on record: Cape (Series B, Mar 2025), 6sense (Undisclosed round, Apr 2019) and Skedulo (Series B, Mar 2019).

### How big are Costanoa's cheques?

The median round it joins is $25M.

### Does Costanoa lead rounds?

Rarely, if at all: none of its 11 investments on record names it as the lead.

### Where does Costanoa invest?

Most of the companies it backs are in the United States (91%) and Switzerland (9%).

### Is Costanoa investing now?

No investments in the last 12 months; the latest was in Mar 2025.

### Who does Costanoa invest alongside?

Most often DCVC (3 rounds together) and Salesforce Ventures (2 rounds together).

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