Palo Alto, Calif. – Costanoa Venture Capital, a Silicon Valley-based early-stage investment firm focused on the cloud services arena, said on Wednesday it has formally launched operations after raising $100 million for its initial fund.
It also has made its first 10 investments, funding data and analytics startups Datalogix, DemandBase, Guardian Analytics, Inflection, Intacct, iSocket, Lex Machina, LinkSmart, Return Path and Risk I/O.
Costanoa said it plans to provide seed- and first-round investments ranging from $500,000-$3 million.
Greg Sands, the firm’s founder and managing partner, previously spent more than a decade investing in cloud-based services companies, such as Allbusiness.com, Feedburner, Merced Systems, QuinStreet and Youku.
This article was also published in the Bay Area Tech Wire.
Costanoa Venture Capital – http://costanoavc.com
Costanoa blog – Unveiling Costanoa Venture Capital, Where Cloud meets Data
Costanoa – press release [PDF]
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