Where is Costanoa's headquarters located?

Costanoa's headquarters is located in Palo Alto ( United States ).

How big is Costanoa's investment team?

Costanoa has a team of 16, including 12 partners.

How many companies has Costanoa invested in?

Costanoa has invested in 89 companies, including Quizlet & PayNearMe.

Which companies has Costanoa invested in lately?

Tensec & Muon Space are the latest investments by Costanoa.

What sectors does Costanoa focus on for investments?

Top sectors in Costanoa's portfolio are Enterprise Applications (63 investments) and High Tech (27 investments).

What stages of companies does Costanoa typically invest in?

Costanoa primarily invests in Seed and Series A stages.

How many exits has Costanoa been involved in?

Costanoa's portfolio has seen 12 acquisitions.

How many unicorns are there in Costanoa's portfolio?

There are 5 unicorns in Costanoa's portfolio.

Costanoa - 2025 Investor Profile, Portfolio, Team & Investment Trends - Tracxn

Costanoa is a venture capital firm founded in 2012. It is primarily based out of Palo Alto, United States. As of Jun 2025, Costanoa is an active investor, having invested in 89 companies, with 7 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 led the $12M Seed round of Tensec along with Montage Ventures. This round also saw participation from IGNIA and other investors.

Overall, Costanoa portfolio has seen 5 unicorns and 12 acquisitions including key companies like Quizlet, 6sense and Bugcrowd. A lot of funds co-invest with Costanoa, with names like a16z sharing a substantial percentage of its portfolio.

Costanoa has team of 16 people including 12 partners.

Key Metrics

Team Members

Mark Selcow, Michelle McHargue & 14 more

Portfolio Count

Quizlet, PayNearMe & 87 more

Portfolio Sectors

Enterprise Applications, High Tech & 19 more

Portfolio Locations

United States, Brazil & 8 more

Rounds of Entry

Seed, Series A & 5 more

Portfolio Acquisitions

Cyral, Umba & 10 more

Portfolio Unicorns

Cyberhaven, Bugcrowd & 3 more

Portfolio Soonicorns

Regrow, AppOmni & 14 more

Deals in last 12 months

Tensec, Muon Space & 13 more

Costanoa has a portfolio of 89 companies, including 5 unicorns. Their most notable investments are in BrightGo and Roadster.Their portfolio spans across United States, Brazil, United Kingdom and 7 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 18 other sectors, across stages such as Seed, Series A and 5 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: $1B as on May 13, 2020
Stage: Series C
Total Funding till date: $62M
Investors: General Atlantic, Icon Ventures and 5 Others
Latest Funding Round: Series C, May 13, 2020, $30M
Highlight: Editors' Pick

2. PayNearMe

PayNearMe offers payment gateway solutions to businesses. It enables businesses to accept payments from customers via wallets, app, cash, ACH, credit/debit cards, and more. It provides a dashboard for customer engagement & transaction monitoring.

Key facts about PayNearMe

Founded Year: 2009
Location: Santa Clara (United States)
Stage: Series F
Total Funding till date: $153M
Employee Count: 242 as on Dec 31, 2022
Investors: August Capital, SuRo Capital and 21 Others
Latest Funding Round: Series F, May 26, 2023, $45M
Highlight: Editors' Pick

3. Regrow

Cloud-based crop management and analytics solutions. It leverages a database of crop and soil records, and reports to facilitate agronomy management. Features include mapping of agricultural practices, crop and field type boundary detection, historical analysis, analysis of soil, weather and satellite data, and email-based reports.

Key facts about Regrow

Founded Year: 2016
Location: Durham (United States)
Stage: Series B
Total Funding till date: $60.7M
Employee Count: 103 as on Dec 31, 2023
Investors: Cicada Innovations, United States Department of Agriculture and 28 Others
Latest Funding Round: Series B, Mar 26, 2025
Highlight: Editors' Pick

4. 6sense

Predictive intelligence engine for sales and marketing. 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 historic intent signals to understand buying journeys, identify accounts in the market, generate opportunities, and manage accounts.

Key facts about 6sense

Founded Year: 2013
Location: San Francisco (United States)
Valuation: $5.2B as on Jan 20, 2022
Stage: Series E
Total Funding till date: $426M
Investors: Venrock, Industry Ventures and 25 Others
Latest Funding Round: Conventional Debt, Jun 22, 2023, $100M
Highlight: Editors' Pick

5. AppOmni

Platform offering security solutions for the cloud application. It provides the facility to scan and monitor data of SaaS applications and enables the user to enforce role-based access control and define security rules for data access.

Key facts about AppOmni

Founded Year: 2018
Location: San Francisco (United States)
Stage: Series C
Total Funding till date: $123M
Employee Count: 79 as on Dec 31, 2022
Investors: Thoma Bravo, Scale Venture Partners and 10 Others
Latest Funding Round: Series C, Dec 14, 2022
Highlight: Editors' Pick

Want to see the entire list?

Costanoa has invested in 89 companies over the last 13 years, with an average of 7 new investments annually in the last 10 years. In 2024, it made 11 investments, while as of Jun 2025, it has made 10 investments in this year. Its most recent first time investment was in Tensec and most recent follow-on round was in Muon Space.

Here are Costanoa's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2025 (YTD)	5	5	10
2024	7	4	11
2023	10	5	15
2022	15	9	24
2021	6	11	17
2020	7	8	15
2019	10	7	17
2018	6	5	11
2017	5	1	6
2016	2	2	4

View all investments by Costanoa

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Costanoa has made 35 investments in Seed stage with an average round size of $4.86M, 34 investments in Series A stage with an average round size of $12.9M and 9 investments in Series B stage with an average round size of $27M.

Here are Costanoa's investments by stage:

Note: We have considered here, only first round of investments

Stage of entry	No. of Investments
Seed	35
Series A	34
Series B	9
Series C	1
Series D	1
Others	2

View all investments by Costanoa

Costanoa has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, FinTech, Enterprise Infrastructure and Aerospace, Maritime and Defense Tech. Notably, it has invested in 85 Tech companies, 74 Enterprise (B2B) companies, 67 Software companies and at least 39 companies focusing on Saas.

Here are Costanoa's investments by sector:

Note: We have considered here, only first round of investments

Sector	No. of Investments
Enterprise Applications	57
High Tech	25
FinTech	22
Enterprise Infrastructure	20
Aerospace, Maritime and Defense Tech	8
Others	67

View all investments by Costanoa

Costanoa has made most investments in United States (71), followed by Brazil where it has made 3 investments.

Here are Costanoa's investments by geography:

Note: We have considered here, only first round of investments

Country	No. of Investments
United States	71
Brazil	3
Australia	1
Canada	1
Kenya	1
Others	5

View all investments by Costanoa

Costanoa has made 10 investments in 2025 so far. Tensec and Muon Space are the latest among them.

Here are the most recent investments by Costanoa:

Date	Company	Location	Round Details	Round Amount	Co-Investors
Jun 18, 2025	Tensec	United States	Seed	$12M	Quiet Capital [+6]
Jun 12, 2025	Muon Space	United States	Series B	$44.5M	Congruent Ventures [+4]
Jun 10, 2025	Bedrock	United States	Series A	$25M	Primary Venture Partner [+5]
May 22, 2025	StackHawk	United States	Series C	$12M	Sapphire Ventures
Mar 19, 2025	Cape	United States	Series B	$15M	A Star [+2]

Get the detailed list of all investments by Costanoa. Download now!

See more recent investments made by Costanoa

Costanoa has 5 unicorns in its portfolio - Cyberhaven, Bugcrowd, Alation and others. The most recent unicorn in their portfolio is Cyberhaven. It became a unicorn in 2025, 5 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
64	Cyberhaven	Provider of data loss prevention solutions	2016	Enterprise Infrastructure [+1]	Boston	Series D	vbagbuh
66	Bugcrowd	Crowdsourced web application security testing platform	2012	Enterprise Infrastructure [+1]	San Francisco	Series E	pbnv{ue
61	Alation	Provider of AI and cloud-based data cataloging platform	2012	Enterprise Applications	Redwood City	Series E	kqtrndv
69	6sense	Predictive intelligence engine for sales and marketing	2013	Enterprise Applications	San Francisco	Series E	vvqfpqa
75	Quizlet	Provider of learning tools and flashcards for students	2005	EdTech	San Francisco	Series C	pdcl{sg

View more details about unicorns in Costanoa's portfolio

12 companies from Costanoa's portfolio have been acquired. The most recent acquisition were Cyral in Mar 2025 by Varonis.

Here are Costanoa's portfolio companies that got acquired most recently:

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Cyral	Mar 17, 2025	Jan 16, 2020	Series A	$11M
Umba	Feb 20, 2024	Apr 13, 2022	Series A	$15.5M
Elevate Security	Jan 04, 2024	Jun 21, 2017	Seed	$2M
Inflection	Apr 12, 2022	Apr 12, 2022	Series A	Undisclosed
Roadster	Jun 02, 2021	Jul 31, 2017	Series B	$7M

View all acquired companies in Costanoa's portfolio

Costanoa has a team of 16 members including 12 Partners, 1 Venture Partner and 2 Principals located in United States. Costanoa's team does not sit on the board of any company as of now.

Here is a list of top team members in Costanoa:

Name	Designation	Location	Board Memberships	Contact details
Mark Selcow	Partner	San Francisco	-	2 Emails
Michelle McHargue	Partner	San Francisco	-	2 Emails
Amy Cheetham	Partner	San Francisco	-	2 Emails
Greg Sands	Partner	Palo Alto	-	2 Emails
John Cowgill	Partner	San Francisco	-	2 Emails
Martina Lauchengco	Partner	San Francisco	-	2 Emails
Tony Liu	Partner	San Francisco	-	2 Emails
Jim Wilson	Partner	Burlingame	-	1 Email
Mike Albang	Partner	-	-	1 Email
Nancy Katz	Partner	-	-	1 Email
Pamela Magie	Partner	-	-	1 Email

Get the full list of Costanoa's team & partners for free. Download now!

View team details of Costanoa

Over the past 13 years, 560 investors have co-invested in Costanoa's portfolio companies.

Invested before Costanoa: Y Combinator, 500 Global and 125 others have invested in rounds before Costanoa. There are 8 companies where Y Combinator has invested before Costanoa and 5 companies where 500 Global has invested before Costanoa.
Top Co-investors of Costanoa: 237 investors entered a company along with Costanoa. These include investors like a16z (4 companies).
Invested after Costanoa: A total of 196 investors have invested in Costanoa's portfolio after their investments. Top Investors include Salesforce Ventures (6 companies), Costanoa Venture (5 companies) and Sapphire Ventures (3 companies).