Costanoa Ventures

Venture capital firm
San Francisco, California, USAcostanoa.vcSee connections →

Early-stage venture capital firm based in the San Francisco Bay Area that provides ongoing operational support to portfolio founders.

At a glance

Costanoa Ventures appears in 2 funding rounds tracked by ValueAddVC since 2026, leading 1. Its most recent tracked deal was Smack Technologies' $61M Series B round (Aug 17, 2026). ValueAddVC also tracks 2 funds managed by Costanoa Ventures.

Strategy

Stages
Pre-SeedSeedSeries A
Sectors
Enterprise
Geographies
USASan Francisco, California, USA
Check size
$2M - $5M

Recent changes

  1. Aug 17, 2026Invested in Smack Technologies (Series B, $61M) Yahoo Finance
  2. Jul 21, 2026Invested in Empirical Security (Series A, $25M) Axios
  3. Jan 1, 2017New fund: Costanoa Ventures Fund III ($175M) Value Add VC funds tracker
  4. Jan 1, 2012New fund: Costanoa Ventures Fund I ($100M) Value Add VC funds tracker

Funds

2
FundVintageSizeStrategySource
Costanoa Ventures Fund III2017$175MFlagship
As of 2017Value Add VC funds tracker
Costanoa Ventures Fund I2012$100MFlagship
As of 2012Value Add VC funds tracker

Portfolio

2 total

Recent Investment Activity

2

Track record: led 1 and participated in 1 of 2 tracked venture rounds · 2 in the last 12 months · led 1 Series B

DateCompanyEventRoleAmountValuationInvestorsSource
Aug 17, 2026Smack TechnologiesSeries BLed$61M—
Costanoa VenturesLeadunverifiedFirst InLeadunverifiedPoint72 VenturesunverifiedGeodesic CapitalunverifiedFelicis VenturesunverifiedSapphire VenturesunverifiedScribble VenturesunverifiedFortitude VenturesunverifiedBloomberg BetaunverifiedNomi CapitalPalumni VC
Pulse story
Jul 21, 2026Empirical SecuritySeries AParticipated$25M$1.2 billionPulse story

Sector / Stage Activity

By sector (portfolio)
Cybersecurity
1 · 50%
Defense
1 · 50%
By stage (tracked rounds)
Series B
1 · 50%
Series A
1 · 50%

Co-Investors

9

Similar Firms

overlapping sector, stage or region

Value Add Research

Latest Pulse

  1. Smack Technologies Raises $61M for Battlefield AISmack Technologies raised a $61 million Series B led by Costanoa Ventures and First In, bringing total funding past $90 million, months after the Pentagon labeled Anthropic a "supply-chain risk" and sent military branches scrambling for alternative AI vendors.→
  2. Empirical Security Raises $25M to Predict AI-Era ExploitsCybersecurity startup Empirical Security raised a $25 million Series A led by Brightmind Partners to build predictive models that flag which of the 18,000+ actively exploited vulnerabilities actually threaten a given organization.→
  3. Empirical Security Raises $25M for AI Exposure ManagementChicago-based Empirical Security raised a $25 million Series A to build predictive models that forecast which vulnerabilities will actually be exploited.→

Costanoa Ventures FAQ

How large are Costanoa Ventures' funds?

Costanoa Ventures funds Value Add tracks include Costanoa Ventures Fund III ($175M, 2017); Costanoa Ventures Fund I ($100M, 2012), out of 2 Costanoa Ventures funds tracked in total.

What companies has Costanoa Ventures invested in?

Costanoa Ventures' portfolio includes Smack Technologies, Empirical Security.

Who does Costanoa Ventures co-invest with most?

In the rounds Value Add tracks, Costanoa Ventures most often invests alongside Bloomberg Beta (1 shared deal), Brightmind Partners (1 shared deal), Felicis Ventures (1 shared deal), Fortitude Ventures (1 shared deal), Geodesic Capital (1 shared deal).

Sources & methodologyshow
Where these figures come from
  • Axiosmajor outlet1 fact
  • Yahoo Financeresearch database1 fact
  • Value Add VC funds trackerValue Add VC data2 facts

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

How we verify data · Suggest a correction