Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Firms / Costanoa Ventures

Costanoa Ventures

Multi-stage venture firmPalo Alto, CAcostanoavc.comSEC venture capital fund adviserfundraising evidence

Costanoa Ventures is a Seed and Series A venture firm founded in 2012, backing applied AI, cybersecurity, fintech, and national security companies with ~$2.8B AUM.

both early and growth/opportunity families, reported GAV $2,011M

Importance
56
elevated
Active deployment
90
high
Emerging
0
low
Completeness
81
high
Freshness
100
high
Research priority
28
moderate
Identity and regulatory footprint
Headquarters
Palo Alto, CAadviserinfo.sec.gov
Office address
160 FOREST AVENUE, Palo Alto, CA, 94301adviserinfo.sec.gov
Business phone
650-388-9310adviserinfo.sec.gov
SEC adviser type
exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 27, 2026
Private funds reported
12 (12 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$2.6Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
business email
info@costanoa.vccostanoa.vcpublished by the subject
business phone
650-388-9310adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
9 observed deals
Stated (the firm’s website)
Sectors
ai, enterprise software, healthcare, defense, media
Stages
series b, early
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation
series a 67%series b 33%
Stage at first entry
series a 67%series b 33%
Sectors
unknown 75%Other Technology 25%
lead rate 88%follow-on rate 0%new logos, 12 months 9
Funds and vehicles
15 reported, 1 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Costanoa FP II, L.P.Fund2025 form d first saleNewly closedunknownunknown$2.0M
of $2.0M
Oct 24, 2025
Costanoa Ventures V, L.P.Fund2024 adv first reportedEarly deployment$258M
Mar 28, 2024
111$0
of $225M
Feb 23, 2023
Costanoa Ventures Opportunity Fund III, L.P.Opportunity fund2024 adv first reportedEarly deployment$82.9M
Mar 28, 2024
71$0
of $175M
Feb 23, 2023
Costanoa Fp, L.P.Fund2023 form d first saleActive deployment$2.0M
Mar 28, 2024
2$2.0M
of $2.0M
May 31, 2023
Costanoa Ventures IV, L.P.Fund2020 form d first saleMature$243M
Mar 28, 2024
148$225M
of $225M
Oct 8, 2021
Costanoa Ventures Opportunity Fund II, L.P.Opportunity fund2020 form d first saleMature$143M
Mar 28, 2024
207$115M
of $115M
Oct 8, 2021
Costanoa Ventures Opportunity Fund, L.P.Opportunity fund2019 adv first reportedMature$140M
Mar 28, 2024
196$0
of $75.0M
Apr 18, 2018
Costanoa Ventures III, L.P.Fund2018 adv first reportedHarvest$485M
Mar 28, 2024
89$0
of $175M
Jun 7, 2017
Costanoa Venture Capital II, L.P.Fund2015 adv first reportedHarvest$340M
Mar 28, 2024
262$0
of $135M
Jun 19, 2014
Costanoa Venture Capital Qz, LLCFund2015 form d first saleHarvest$38.2M
Mar 28, 2024
4$3.3M
of $3.3M
Oct 29, 2015
Costanoa Venture Capital Growth Fund, L.P.Growth fund2014 adv first reportedHarvest$76.5M
Mar 28, 2024
156$0
of $65.0M
Jun 24, 2013
Costanoa Venture Capital I, L.P.Fund2012 form d first saleHarvest$202M
Mar 28, 2024
129$112M
of $112M
Dec 13, 2012
Costanoa Ivy, LLCFundunknownFundraisingunknownunknown$0Jun 30, 2026
Costanoa Ventures VI, L.P.FundunknownFundraisingunknownunknown$0
of $300M
Feb 19, 2026
Costanoa Ascent Fund IV, L.P.FundunknownFundraisingunknownunknown$0
of $150M
Feb 19, 2026
Costanoa Venture Capital Rp Co-Investment Fund, LLCSPV or co-invest vehicle2014 adv first reportedWound down$194,482
Mar 29, 2020
10unknownunknown
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
18 current, 0 departed
Gregory P Sands
Managing Member Of Costanoa Venture Partners (Opportunity Fund) Iii, Llc · since Feb 1, 2023
Managing partner
Gregory P Sands
Managing Member Of Costanoa Venture Capital Partners I, Llc · since Jun 1, 2013
Managing partner
Gregory P Sands
Managing Member Of Costanoa Venture Capital Partners Ii, Llc · since Jun 1, 2014
Managing partner
Gregory P Sands
Managing Member Of Costanoa Venture Partners Iii, Llc · since Jun 1, 2017
Managing partner
Gregory P Sands
Managing Member Of Costanoa Venture Partners (Opportunity Fund), Llc · since Apr 1, 2018
Managing partner
Gregory P Sands
Managing Member Of Costanoa Venture Partners Iv, Llc · since Mar 1, 2020
Managing partner
Gregory P Sands
Managing Member Of Costanoa Venture Partners (Opportunity Fund) Ii, Llc · since Mar 1, 2020
Managing partner
Gregory P Sands
Managing Member Of Costanoa Venture Partners V, Llc · since Feb 1, 2023
Managing partner
Gregory P Sands
Managing Member Of Costanoa Venture Partners (Opportunity Fund) Iii, Llc · since Feb 1, 2023
Managing partner
Gregory P Sands
Managing Member Of Costanoa Venture Capital Partners · since Jun 1, 2013
Managing partner
Investments on record
9 edges, 8 companies, 4 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Constanoaportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
Tensecportfolio listingleadunknownunknownunknownSep 12, 2026Fact Portfolio company websites (about, investors, press pages)
Onos Health Inc.Series A · Series Aleadunknown$17.0MunknownAug 26, 2026Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS)
ShepherdSeries B · Series Bparticipantunknown$42.0MunknownMar 24, 2026Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS)
Tenna SystemsFunding roundleadGreg Sands (confirmed)$13.5MunknownFeb 11, 2026Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS)
MidshipFunding roundleadAMY Cheetham (confirmed)$4.2MunknownJan 27, 2026Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS)
TensecFunding roundleadunknown$60.0MunknownOct 21, 2025Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS)
Basis TheoryFunding roundleadAMY Cheetham (confirmed)$33.0MunknownOct 14, 2025Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS)
Marble, Inc.Series A · Series AleadAMY Cheetham (confirmed)$15.5MunknownOct 14, 2025Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS)
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
16 relationships from shared deals, counted for the whole firm
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
16 dated events
  1. Mar 28, 2024
    Costanoa Fp, L.P. first reported on Form ADV by Costanoa Ventures (Venture Capital Fund), GAV $2,002,162
  2. Mar 28, 2024
    Costanoa Ventures Opportunity Fund III, L.P. first reported on Form ADV by Costanoa Ventures (Venture Capital Fund), GAV $82,863,721
  3. Mar 28, 2024
    Costanoa Ventures V, L.P. first reported on Form ADV by Costanoa Ventures (Venture Capital Fund), GAV $258,368,233
  4. Mar 30, 2021
    Costanoa Ventures IV, L.P. first reported on Form ADV by Costanoa Ventures (Venture Capital Fund), GAV $105,618,754
  5. Mar 30, 2021
    Costanoa Venture Capital Rp Co-Investment Fund, LLC no longer reported on Form ADV by Costanoa Ventures
  6. Mar 30, 2021
    Costanoa Ventures Opportunity Fund II, L.P. first reported on Form ADV by Costanoa Ventures (Venture Capital Fund), GAV $60,141,165
  7. Jan 1, 2020
    Mark Selcow joined Schedule A of Costanoa Ventures as Member
  8. Oct 1, 2019
    Michael Douglas Albang joined Schedule A of Costanoa Ventures as Chief Financial Officer
  9. Mar 27, 2019
    Costanoa Ventures Opportunity Fund, L.P. first reported on Form ADV by Costanoa Ventures (Venture Capital Fund), GAV $75,271,679
  10. Mar 26, 2018
    Costanoa Ventures III, L.P. first reported on Form ADV by Costanoa Ventures (Venture Capital Fund), GAV $173,302,390
  11. Mar 25, 2016
    Costanoa Venture Capital Qz, LLC first reported on Form ADV by Costanoa Venture Capital (Venture Capital Fund), GAV $3,297,474
  12. Mar 27, 2015
    Costanoa Venture Capital II, L.P. first reported on Form ADV by Costanoa Venture Capital (Venture Capital Fund), GAV $115,910,384
  13. Mar 31, 2014
    Costanoa Venture Capital Rp Co-Investment Fund, LLC first reported on Form ADV by Costanoa Venture Capital (Venture Capital Fund), GAV $25,559,000
  14. Mar 31, 2014
    Costanoa Venture Capital Growth Fund, L.P. first reported on Form ADV by Costanoa Venture Capital (Venture Capital Fund), GAV $75,246,199
  15. Aug 7, 2012
    Costanoa Venture Capital I, L.P. first reported on Form ADV by Costanoa Venture Capital Management, LLC (Venture Capital Fund), GAV $99,635,480
  16. Aug 7, 2012
    Costanoa Venture Capital Management, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)
Classification history
  1. Sep 12, 2026
    Multi-stage venture firm (confirmed, 95%, cls-1)
    both early and growth/opportunity families, reported GAV $2,011M
Evidence
56 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedvc_exemption,vc_funds_reportedMar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserMar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserMar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC adviser typeexempt_reporting_adviserMar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC adviser typeexempt_reporting_adviserMar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2012-08-07Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2026-03-27Mar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Latest Form ADV filing2024-03-28Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC statusERA - ActiveMar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC status effective2012-08-07Mar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture share of reported funds1Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone650-388-9310Mar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Business phone650-388-9310Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
DescriptionCostanoa Ventures is a Seed and Series A venture firm founded in 2012, backing applied AI, cybersecurity, fintech, and national security companies with ~$2.8B AUM.
meta description
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
DescriptionCostanoa Ventures is a Seed and Series A venture firm founded in 2012, backing applied AI, cybersecurity, fintech, and national security companies with ~$2.8B AUM.
meta description
Sep 12, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
HeadquartersPalo Alto, CAMar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
HeadquartersPalo Alto, CAMar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Office address160 FOREST AVENUE, Palo Alto, CA, 94301Mar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Office address160 FOREST AVENUE, Palo Alto, CA, 94301Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Self-described typeventure_capital
Costanoa | Costanoa Ventures | Early-stage venture capital firm
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Self-described typeventure_capital
Costanoa | Costanoa Ventures | Early-stage venture capital firm
Sep 12, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Legal formLimited Liability CompanyMar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Legal formLimited Liability CompanyMar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Portfolio pagehttps://www.costanoa.vc/portfolio
1 entries read
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Portfolio pagehttps://www.costanoa.vc/portfolio
1 entries read
Sep 12, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Private funds reported12Mar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private funds reported11Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$2.6BMar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private fund gross assets (reported)$2.0BMar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Schedule a diffsadiff-1Mar 27, 2026FactIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
Stated sectorsai,enterprise_software,healthcare,defense,media
sector words on the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorsai,enterprise_software,healthcare,defense,media
sector words on the home page
Sep 12, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated stagesseries_b,early
stage words on the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated stagesseries_b,early
stage words on the home page
Sep 12, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported12Mar 27, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture funds reported11Mar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
WebsiteHTTP://COSTANOAVC.COM
re-picked from Schedule D 1.I by name
Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
WebsiteHTTP://COSTANOA.VCMar 28, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Website resolved domaincostanoa.vc
https://costanoavc.com/ redirected to https://www.costanoa.vc/
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Website resolved domaincostanoa.vc
https://costanoavc.com/ redirected to https://costanoa.vc/
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titleCostanoa | Costanoa Ventures | Early-stage venture capital firm
title tag
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titleCostanoa | Costanoa Ventures | Early-stage venture capital firm
title tag
Sep 12, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)