Costanoa Ventures
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.
In the firm's own words, from its website.
3 additional team members, 18 additional co-investors and affiliates, 36 additional investments, funds and LPs, 13 events, 2 verified contacts (1 general firm email, 1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 2 vehicleson Form D, 18 months
$102M reported sold so far.
A Form D is filed when a vehicle takes its first money, so these are open to LPs now.
- 8 companiesnew in 12 months
8 new companies in the last 12 months.
A firm writing cheques this quarter is one a founder can pitch now.
- 2 companiesportfolio raising
2 portfolio companies have new financing on record in 6 months without this firm named on the round; the latest on 17 Jul 2026 ($20.8M sold on Form D).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
- 2 of 3enter at seed or A
Enters mostly at seed to Series A: 2 of 3 first entries on record, in line with the series b, early stage its site states.
rounds to 26 Aug 2026 · Tells a founder whether their round is one this firm writes.
People to know
View all people- Founder and Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
- PartnerWhy: Partner: part of the investment decisionNo route on file yet
- MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
61 connected entities13 observed rounds1 repeat counterparty1 dated round shown here, 2025
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Costanoa Ventures: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Costanoa Ventures
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
14 companies on record, 8 new in 12 months
Investments on record
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Constanoa | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| costanoa.vc | portfolio listing | unknown | unknown | unknown | unknown | Sep 23, 2026 | Fact Company website |
| Tensec | portfolio listing | lead | unknown | unknown | unknown | Sep 12, 2026 | Fact Company website |
Stated thesis versus observed behaviour
- 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
Team
6 current, 0 departed
Decision makers
- Greg Sands · Founder and Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility; Led 1 round on record
- Amy Cheetham · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility; Led 3 rounds on record
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Founder and Managing Partner · led 1 round on record
- Partner · led 3 rounds on record
- Member · 4 deals attributed
Contacts
1 general firm email, 1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
19 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Costanoa LA Early, L.P. | Fund | 2026 form d first sale | Newly closed | unknown | unknown | $50.0M of $50.0M | Sep 30, 2026 |
| Costanoa LA Growth, L.P. | Growth fund | 2026 form d first sale | Newly closed | unknown | unknown | $50.0M of $50.0M | Sep 30, 2026 |
| Costanoa FP II, L.P. | Fund | 2025 form d first sale | Newly closed | unknown | unknown | $2.0M of $2.0M | Oct 24, 2025 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| Hawaii Employees' Retirement System | STATE RETIREMENT SYSTEM | Costanoa Ventures V, L.P. | $5.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Hawaii Employees' Retirement System | STATE RETIREMENT SYSTEM | Costanoa Ventures IV, L.P. | $5.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Surdna Foundation Inc | FOUNDATION | Costanoa Ventures IV, L.P. | $6.0M fair value on the foundation's return | reported as of Jun 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
21 co-investors · on 2 other DFX graphs
Co-investors
- 2026-09-301 shared deal · one time · this firm led 1
- 2026-09-301 shared deal · one time · this firm led 1
- 2026-09-301 shared deal · one time
Across DFX and the capital chainon 2 other DFX graphs · 3 capital paths ShowHide
- The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Costanoa Ventures is the same institution as 2 records in Allocators and RIA and Wealth.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Costanoa Ventures sits on 3 traced paths of capital across the graphs.
DFX traced 3 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
18 dated events, 76 observations from 4 sources
Timeline
- Mar 27, 2026Costanoa Fp II, L.P. first reported on Form ADV by Costanoa Ventures (Venture Capital Fund), GAV $4,025,539
- Feb 19, 2026Costanoa Ventures filed the first Form D for Costanoa Ventures VI, L.P. (fund 6), its next fund after Costanoa Ventures V, L.P. (vintage 2023); offering $300.0M
- Mar 28, 2024Costanoa Fp, L.P. first reported on Form ADV by Costanoa Ventures (Venture Capital Fund), GAV $2,002,162
- Mar 28, 2024Costanoa Ventures Opportunity Fund III, L.P. first reported on Form ADV by Costanoa Ventures (Venture Capital Fund), GAV $82,863,721
- Mar 28, 2024Costanoa Ventures V, L.P. first reported on Form ADV by Costanoa Ventures (Venture Capital Fund), GAV $258,368,233
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 27, 2026 · 12 private fundsShowHide
- Headquarters
- Palo Alto, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- COSTANOAVC.COM
- 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, adviser total
- $2.6Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $2.6B
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $2.0B
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 27, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 27, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 28, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 27, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 27, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 28, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-08-07 | Mar 27, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-08-07 | Mar 28, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-27 | Mar 27, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-27 | Mar 27, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-28 | Mar 28, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 27, 2026 | Fact | Form ADV |
| SEC status effective | 2012-08-07 | Mar 27, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 27, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 28, 2024 | Fact | Form ADV |
| Business phone | Mar 27, 2026 | Fact | Form ADV | |
| Business phone | Mar 28, 2024 | Fact | Form ADV | |
| Description | Sep 30, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 12, 2026 | Fact | ||
| Headquarters | Palo Alto, CA | Mar 27, 2026 | Fact | Form ADV |
| Headquarters | Palo Alto, CA | Mar 28, 2024 | Fact | Form ADV |
| Office address | Mar 27, 2026 | Fact | Form ADV | |
| Office address | Mar 28, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital | Sep 30, 2026 | Fact | |
| Self-described type | Venture capital | Sep 16, 2026 | Fact | |
| Self-described type | Venture capital | Sep 12, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 27, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 28, 2024 | Fact | Form ADV |
| Portfolio page | Sep 30, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 12, 2026 | Fact | ||
| Private funds reported | 12 | Mar 27, 2026 | Fact | Form ADV |
| Private funds reported | 12 | Mar 27, 2026 | Fact | Form ADV |
| Private funds reported | 11 | Mar 28, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $2.6B | Mar 27, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $2.6B | Mar 27, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $2.0B | Mar 28, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 27, 2026 | Fact | Form ADV |
| Stated sectors | AI, enterprise software, healthcare, defense, media “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | AI, enterprise software, healthcare, defense, media “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, enterprise software, healthcare, defense, media “sector words on the home page” | Sep 12, 2026 | Fact | |
| Stated stages | Series b, early “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | Series b, early “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Series b, early “stage words on the home page” | Sep 12, 2026 | Fact | |
| Venture funds reported | 12 | Mar 27, 2026 | Fact | Form ADV |
| Venture funds reported | 12 | Mar 27, 2026 | Fact | Form ADV |
| Venture funds reported | 11 | Mar 28, 2024 | Fact | Form ADV |
| Website | Sep 12, 2026 | Fact | Form ADV | |
| Website | Mar 28, 2024 | Fact | Form ADV | |
| Website resolved domain | Sep 30, 2026 | Fact | ||
| Website resolved domain | Sep 16, 2026 | Fact | ||
| Website resolved domain | Sep 14, 2026 | Fact | ||
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 12, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShowHide
Both early and growth/opportunity families, reported GAV $2.6B
- importance
- gav: 0.73 · funds: 1 · people: 0.64 · investments: 0.46 · co investors: 0.53
- active deployment
- investments 12m: 1 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-08-26
- emerging manager
- fund count: 20 · reported gav: $2.6B · first adv filing: 2012-08-07 · years since first filing: 14.1
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 62.9confidence 100%Why: sector fit; stage fit; activity; analogousWatch: adjacent portfolio
- score 56.2confidence 100%Why: sector fit; stage fit; activity; analogousWatch: adjacent portfolio
- score 47.9confidence 100%Why: sector fit; geography fit; activity; analogousWatch: adjacent portfolio
+64 more scored matches
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
- Adviser's first ADV filing2012-08-07source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.