About Costanoa
Costanoa is a venture capital firm founded in 2012. It is primarily based out of Palo Alto, United States. As of Sep 2026, Costanoa is an active investor, having invested in 125 companies, with 11 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 A round of Sela Overall, Costanoa portfolio has seen 8 unicorns and 23 acquisitions including key companies like Quizlet, 6sense and GameChanger Media. 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 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 125 companies, including 8 unicorns. Their most notable investments are in Sela and Sela.Their portfolio spans across United States, United Kingdom, Brazil and 10 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: 437 as on Sep 30, 2026
- Investors: Icon Ventures, General Atlantic and 6 Others
- Latest Funding Round: Series C, May 13, 2020, $*****
- Highlight: Editors' Pick
2. 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: 1,651 as on Sep 30, 2026
- Investors: Sprout Capital Partners, Harmony Partners and 29 Others
- Latest Funding Round: Conventional Debt, Jun 22, 2023, $*****
- 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: Zelkova Ventures, firmgroupsinc.com and 6 Others
- Latest Funding Round: Series B, Apr 03, 2014, $*****
- Highlight: Acquired
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)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $203M
- Employee Count: 312 as on Sep 30, 2026
- Investors: August Capital, Union Grove Venture Partners and 22 Others
- Latest Funding Round: Series E, Sep 16, 2025, $*****
- Highlight: Editors' Pick
5. Comun
Provider of an online platform offering retail banking solutions. The platform allows individuals to create an account on the platform and operate the account via the online dashboard. It also provides services such as applying for loans and opting for alternative services such as check cashing and remittances. The app is available across iOS and Android platforms.
Key facts about Comun
- Founded Year: 2021
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $26M
- Employee Count: 105 as on Sep 30, 2026
- Investors: Redpoint Ventures, Costanoa and 7 Others
- Latest Funding Round: Series A, Aug 28, 2024, $*****
- Highlight: Editors' Pick
Costanoa's Year-on-Year Investment Trends
Costanoa has invested in 125 companies over the last 14 years, with an average of 9 new investments annually in the last 10 years. In 2025, it made 19 investments, while as of Sep 2026, it has made 16 investments in this year. Its most recent first time investment was in Sela and most recent follow-on round was in Sela.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 10 | 6 | 16 |
2025 | 12 | 7 | 19 |
2024 | 8 | 7 | 15 |
2023 | 10 | 5 | 15 |
2022 | 17 | 8 | 25 |
2021 | 6 | 12 | 18 |
2020 | 6 | 8 | 14 |
2019 | 11 | 7 | 18 |
2018 | 6 | 5 | 11 |
2017 | 5 | 1 | 6 |
Costanoa's Investments by Stage
Costanoa has made 43 investments in Seed stage with an average round size of $5.43M, 43 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 | 43 |
Series A | 43 |
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 119 Tech companies, 105 Enterprise (B2B) companies, 97 Software companies and at least 59 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 77 |
Enterprise Infrastructure | 26 |
FinTech | 25 |
High Tech | 20 |
Vertical SaaS | 13 |
Others | 83 |
Note: We have considered here, only first round of investments
Costanoa's Investments by Geography
Costanoa has made most investments in United States (87), followed by United Kingdom where it has made 4 investments.Country | No. of Investments |
|---|---|
United States | 87 |
United Kingdom | 4 |
Brazil | 3 |
Sweden | 2 |
Australia | 1 |
Others | 6 |
Note: We have considered here, only first round of investments
Costanoa's recent investments
Costanoa has made 16 investments in 2026 so far. Sela and Sela are the latest among them.Here are the most recent investments by Costanoa:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 22, 2026 | United Kingdom | Series A | 4316 | ||
Sep 22, 2026 | United Kingdom | Seed | 2804 | ||
Aug 26, 2026 | United States | Series A | 4258 | [+1] | |
Aug 20, 2026 | United States | Series C | 4212 | [+12] | |
Aug 18, 2026 | United States | Series B | 2850 | [+8] |
Unicorns in Costanoa's Portfolio
Costanoa has 8 unicorns in its portfolio - Muon Space, Auterion, Cyberhaven and others. The most recent unicorn in their portfolio is Muon Space. It became a unicorn in 2026, 4 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 | Provider of integrated satellite constellation technology stack for Earth intelligence missions | 2021 | Menlo Park | Series C | qgouutt | ||
66 | Developer of operating systems and software for autonomous robot fleets | 2017 | Zurich | Series B | cepnfaj | ||
66 | Developer of a data detection and response security platform | 2016 | San Jose | Series D | nwuifdw | ||
51 | Provider of SaaS claims processing solutions for P&C insurers | 2019 | Palo Alto | Seed | ka{joss | ||
68 | Provider of crowdsourced security platform offering vulnerability disclosure and penetration testing | 2012 | San Francisco | Series E | qhduhyk |
Acquired companies in Costanoa's Portfolio
23 companies from Costanoa's portfolio have been acquired. The most recent acquisition was ForceMetrics in Sep 2026 by Mark43 for $*****.Here are Costanoa's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 28, 2026 | - | - | 9536 | |
Sep 02, 2026 | Feb 23, 2023 | Seed | 9896 | |
May 06, 2026 | Jan 27, 2026 | Seed | 5788 | |
Apr 30, 2026 | - | - | 4371 | |
Jan 09, 2026 | Oct 27, 2022 | Seed | 8648 |
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 11 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 | San Francisco | Muon Space, Leap and 2 more | - | |
Partner | San Francisco | - | ||
Partner | Burlingame | - | ||
Partner | - | - | ||
Partner | - | - | ||
Venture Partner | California | - | - | |
Principal | - | - |
Co-investors of Costanoa
Over the past 14 years, 668 investors have co-invested in Costanoa's portfolio companies. This includes funds and angels.
- Invested before Costanoa: Y Combinator, 500 Global and 158 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: 284 investors entered a company along with Costanoa. These include investors like Point72 Ventures (5 companies).
- Invested after Costanoa: A total of 224 investors have invested in Costanoa's portfolio after their investments. Top Investors include Salesforce Ventures (7 companies), Sapphire Ventures (4 companies) and Bessemer Venture Partners (3 companies).
Recent News related to Costanoa
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Sela Secures $21M in Seed and Series A Funding for Voice AI in Mortgage SalesMassinvestor•Sep 26, 2026•Costanoa
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Feldera Secures $21.5M to Reduce AI Database Compute CostsTechStartups.com•Sep 21, 2026•Inovia Capital, Feldera, Battery Ventures, Costanoa
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Onos Health Secures $17 Million Series A to Expand Behavioral Health AI PlatformTMC•Aug 26, 2026•Onos Health, CVS Health Ventures, Flare Capital Partners, Costanoa and 1 other
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Pentagon pressure to move AI faster drives Smack's new funding round, CEO saysMoneycontrol•Aug 18, 2026•Smack Technologies, Costanoa
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Empirical Security Raises $25M in Series A FundingFinSMEs•Jul 20, 2026•Empirical Security, Brightmind, Costanoa, HPA
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Self Inspection Raises $10M in FundingFinSMEs•Jul 20, 2026•Self Inspection, Us Auto Force, DVx Ventures, Westlake Financial and 4 others
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Bulgaria's BrightCap Invests in US-Based Self InspectionSeeNews•Jul 17, 2026•Self Inspection, BrightCap Ventures, Us Auto Force, DVx Ventures and 4 others
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Itera Exits Stealth With $12MMassinvestor•May 28, 2026•Itera, Upfront Ventures, Colle Capital, 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, Itera
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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
