Costanoa Ventures Closes Two Funds

Palo Alto – December 10, 2021 – Cooley advised Palo Alto-based venture capital firm Costanoa Ventures on the closing of two new funds totaling $340 million. Partner John Clendenin led the Cooley team advising Costanoa.

The two new funds, the $225 million Costanoa Fund IV and the $115 million Opportunity Fund II, support early-stage companies and later rounds of Costanoa’s early-stage winners, respectively.

“The Costanoa team is incredibly pleased to have raised these two funds during this unprecedented time,” Mark Selcow, a partner at Costanoa, said in a news release. “We so appreciate both our long-term investors, many of whom have been with us since the beginning, and the handful of great new investors who joined in our latest funds.”

Boutique by design, Costanoa has been purposely built to be the best venture firm for technical founders in its core sectors: enterprise, data infrastructure and fintech. It invests in early-stage enterprise software at seed and Series A with a focus on applied AI, software as a service (SaaS), fintech, security, DevOps and data infrastructure. Costanoa seeks to be a long-term partner to entrepreneurs building durable companies that leverage data to solve complex business problems.

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