About Costanoa
Costanoa is a venture capital firm founded in 2012. It is primarily based out of Palo Alto, United States. As of Apr 2026, Costanoa is an active investor, having invested in 104 companies, with 13 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Series B round of Natter Overall, Costanoa portfolio has seen 6 unicorns and 18 acquisitions including key companies like Quizlet, GameChanger Media and 6sense. A lot of funds co-invest with Costanoa, with names like Point72 Ventures sharing a substantial percentage of its portfolio. Costanoa has team of 12 people including 6 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Costanoa's List of Top Investments
Costanoa has a portfolio of 104 companies, including 6 unicorns. Their most notable investments are in BrightGo and Malga.Their portfolio spans across United States, United Kingdom, Brazil and 8 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 25 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Costanoa:1. Quizlet
Provider of learning tools and flashcards for students. It enables users to create study sets on the platform for anything they are learning. Provides a collaborative platform where students can learn with their peers. The platform enables students to learn languages, science, arts & humanities, math, and more. Additionally, users can also add audio or images to the study set and search the repository of existing study sets. Its mobile app is available for Android and iOS devices.
Key facts about Quizlet
- Founded Year: 2005
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $62M
- Employee Count: 534 as on Apr 30, 2026
- Investors: General Atlantic, Owl Ventures and 6 Others
- Latest Funding Round: Series C, May 13, 2020, $*****
- Highlight: Editors' Pick
One-tap app connecting youth sports communities, empowering athletes and families. This platform streamlines youth sports management, offering features for scheduling, live streaming, scorekeeping, and team communication. It provides tools for coaches, parents, and athletes to connect and share game day moments. The platform supports various sports, including baseball, softball, basketball, football, and more. It offers resources like content hubs and educational materials to enhance the youth sports experience. It is a SaaS platform that provides mobile application and web based services. It is a B2C platform that offers subscription and fan pricing. It is a software platform that offers features like login, streaming, scorekeeping, messaging, and scheduling.
Key facts about GameChanger Media
- Founded Year: 2009
- Location: New York City (United States)
- Stage: Acquired
- Total Funding till date: $17.4M
- Employee Count: 374 as on Mar 31, 2026
- Investors: Costanoa, Tenfore Holdings and 6 Others
- Latest Funding Round: Series B, Apr 03, 2014, $*****
- Highlight: Acquired
3. 6sense
AI based account-based marketing platform. The platform uses machine learning algorithms and time-sensitive behavioral data to uncover new companies and contacts at the top of the buying funnel and prioritizes prospects. It processes buyer intent data from search engines, industry trade publications, blogs, forums, and communities. It allows members to use historical intent signals to understand buying journeys, identify accounts on the market, generate opportunities, and manage accounts.
Key facts about 6sense
- Founded Year: 2013
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $426M
- Employee Count: 1,589 as on Apr 30, 2026
- Investors: Sprout Capital Partners, Sapphire Ventures and 28 Others
- Latest Funding Round: Conventional Debt, Jun 22, 2023, $*****
- Highlight: Editors' Pick
4. PayNearMe
Provider of platform facilitating payment acceptance, disbursement, and management services. The platform increases acceptance rates and drives self-service. It simplifies exceptions to lower the total cost of accepting payments. The platform offers modern and reliable payment experiences.
Key facts about PayNearMe
- Founded Year: 2009
- Location: Santa Clara (United States)
- Stage: Series E
- Total Funding till date: $203M
- Employee Count: 292 as on Apr 30, 2026
- Investors: True Ventures, Khosla Ventures and 22 Others
- Latest Funding Round: Series E, Sep 16, 2025, $*****
- Highlight: Editors' Pick
5. AppOmni
Provider of SaaS security posture management and AI security solutions. The company delivers visibility into misconfigurations, data exposure risks, and security threats across SaaS applications. It offers continuous monitoring and automated remediation to protect enterprise SaaS applications. The company’s platform helps to identify shadow SaaS and AI connections to ensure data workflow.
Key facts about AppOmni
- Founded Year: 2018
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $123M
- Employee Count: 145 as on Apr 30, 2026
- Investors: Thoma Bravo, Costanoa and 10 Others
- Latest Funding Round: Series C, Dec 14, 2022, $*****
- Highlight: Editors' Pick
Costanoa's Year-on-Year Investment Trends
Costanoa has invested in 104 companies over the last 14 years, with an average of 9 new investments annually in the last 10 years. In 2025, it made 18 investments, while as of Apr 2026, it has made 7 investments in this year. Its most recent first time investment was in Natter and most recent follow-on round was in Shepherd.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 2 | 7 |
2025 | 11 | 7 | 18 |
2024 | 7 | 7 | 14 |
2023 | 10 | 5 | 15 |
2022 | 16 | 8 | 24 |
2021 | 6 | 11 | 17 |
2020 | 6 | 8 | 14 |
2019 | 11 | 7 | 18 |
2018 | 6 | 5 | 11 |
2017 | 5 | 1 | 6 |
Costanoa's Investments by Stage
Costanoa has made 42 investments in Seed stage with an average round size of $5.27M, 35 investments in Series A stage with an average round size of $13.8M and 12 investments in Series B stage with an average round size of $28.7M.Stage of entry | No. of Investments |
|---|---|
Seed | 42 |
Series A | 35 |
Series B | 12 |
Series D | 2 |
Unattributed | 2 |
Others | 1 |
Note: We have considered here, only first round of investments
Costanoa's Investments by Sector
Costanoa has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, FinTech, High Tech and Vertical SaaS. Notably, it has invested in 100 Tech companies, 88 Enterprise (B2B) companies, 84 Software companies and at least 49 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 70 |
Enterprise Infrastructure | 23 |
FinTech | 23 |
High Tech | 21 |
Vertical SaaS | 11 |
Others | 77 |
Note: We have considered here, only first round of investments
Costanoa's Investments by Geography
Costanoa has made most investments in United States (79), followed by Brazil where it has made 3 investments.Country | No. of Investments |
|---|---|
United States | 79 |
Brazil | 3 |
United Kingdom | 3 |
Sweden | 2 |
Australia | 1 |
Others | 6 |
Note: We have considered here, only first round of investments
Costanoa's recent investments
Costanoa has made 7 investments in 2026 so far. Natter and Shepherd are the latest among them.Here are the most recent investments by Costanoa:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 07, 2026 | United Kingdom | Series B | 5343 | [+4] | |
Mar 24, 2026 | United States | Series B | 1066 | [+1] | |
Mar 18, 2026 | United States | Seed | 7545 | [+3] | |
Mar 02, 2026 | United States | Series A | 7039 | [+8] | |
Feb 11, 2026 | Israel | Seed | 9884 | [+1] |
Unicorns in Costanoa's Portfolio
Costanoa has 6 unicorns in its portfolio - Cyberhaven, Assured Insurance Technologies, Bugcrowd and others. The most recent unicorn in their portfolio is Cyberhaven. It became a unicorn in 2025, 5 years after Costanoa first invested in it.Here is a list of unicorns in Costanoa's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | Developer of a data detection and response security platform | 2016 | San Jose | Series D | {mkrass | ||
45 | Provider of SaaS claims processing solutions for P&C insurers | 2019 | Palo Alto | Seed | yubvn{m | ||
66 | Provider of crowdsourced security platform offering vulnerability disclosure and penetration testing | 2012 | San Francisco | Series E | {{akdju | ||
63 | Developer of a platform for data intelligence and metadata management | 2012 | Redwood City | Series E | dcb{ulq | ||
71 | AI based account-based marketing platform | 2013 | San Francisco | Series E | jmifhym |
Acquired companies in Costanoa's Portfolio
18 companies from Costanoa's portfolio have been acquired. The most recent acquisition was Midship in May 2026 by Optro for $*****.Here are Costanoa's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 06, 2026 | Jan 27, 2026 | Seed | 2423 | |
Apr 30, 2026 | - | - | 7375 | |
Jan 09, 2026 | Oct 27, 2022 | Seed | 9747 | |
Dec 23, 2025 | Jan 30, 2018 | Seed | 7901 | |
Nov 20, 2025 | - | - | 4481 |
Team profile of Costanoa
Costanoa has a team of 12 members including 6 Partners, 1 Venture Partner and 4 Principals located in United States. Costanoa's team sits on the board of 7 companies.Here is a list of top team members in Costanoa:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | |||
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Partner | Burlingame | - | ||
Partner | - | - | ||
Partner | - | - | ||
Venture Partner | California | - | ||
Principal | - | - | ||
Principal | - | - | ||
Principal | San Francisco | - |
Co-investors of Costanoa
Over the past 14 years, 628 investors have co-invested in Costanoa's portfolio companies. This includes funds and angels.
- Invested before Costanoa: Y Combinator, 500 Global and 151 others have invested in rounds before Costanoa. There are 9 companies where Y Combinator has invested before Costanoa and 5 companies where 500 Global has invested before Costanoa.
- Top Co-investors of Costanoa: 269 investors entered a company along with Costanoa. These include investors like Point72 Ventures (5 companies).
- Invested after Costanoa: A total of 206 investors have invested in Costanoa's portfolio after their investments. Top Investors include Salesforce Ventures (6 companies), Sapphire Ventures (3 companies) and Cisco Investments (3 companies).
Recent News related to Costanoa
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Itera Exits Stealth With $12M Funding for Real-Time Electronics PrototypingBusiness Wire•May 27, 2026•Upfront Ventures, Costanoa, Colle Capital
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Natter lands $23M to encourage employees to open up through AI video interviewsSiliconAngle•Apr 07, 2026•Natter, Renegade Partners, Costanoa, Rackhouse Ventures and 3 others
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Shepherd Raises $42M Series B FundingFinSMEs•Mar 24, 2026•Shepherd, Costanoa, Spark Capital, Shepherd and 2 others
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Ex-Laiyer AI founders raise $8M at Manifold to tame agentic AI risksTech Funding News•Mar 18, 2026•Manifold AI, Rain Capital, Cherry Ventures, Modern Technical Fund and 2 others
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Smack Technologies Announces $32M in Funding to Build First Frontier AI Lab for National SecurityBusiness Wire•Mar 02, 2026•Smack Technologies, Fortitude Ventures, Fulcrum Venture Group, Costanoa and 9 others
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Encord Secures $60M Series C Funding RoundMassinvestor•Feb 27, 2026•Encord, Wellington, Y Combinator, Bright Pixel Capital and 11 others
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Tenna Systems Raises $13.5M for Spectrum IntelligencePR Newswire•Feb 11, 2026•Viola Group, Costanoa, fresh.fund, and 2 others
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Startups to Compete for $100K Costanoa Investment at MIT-Harvard ConferencePR Newswire•Feb 05, 2026•Costanoa
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Midship Secures $4.15M to Automate SOX Testing with Agentic AIAiThority•Jan 27, 2026•Midship, Costanoa, Seguin Ventures
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Expat Kiwi legaltech startup briefs $81 million Series BStartup Daily•Jan 20, 2026•Ivo, Costanoa, Global From Day One, Icehouse Ventures and 3 others
