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Shasta Ventures

Founders Jason Pressman Ravi Mohan Rob Coneybeer Tod Francis

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 434
Average round size
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The average size of a deal this fund participated in
$17M
Portfolio companies 226
Rounds per year 21.70
Lead investments 82
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.48
Exits 71
Key employees 9
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Enterprise Software
  • SaaS
  • Information Technology
  • Internet
Summary

In 2004 was created Shasta Ventures, which is appeared as VC. The leading representative office of defined VC is situated in the Menlo Park. The fund was located in North America if to be more exact in United States.

This organization was formed by Ravi Mohan, Rob Coneybeer. The overall number of key employees were 9.

The standard case for the fund is to invest in rounds with 4-5 partakers. Despite the Shasta Ventures, startups are often financed by Redpoint, FLOODGATE, Tenaya Capital. The meaningful sponsors for the fund in investment in the same round are Salesforce Ventures, Opus Capital, Mayfield Fund. In the next rounds fund is usually obtained by U.S. Venture Partners (USVP), Trident Capital, Meritech Capital Partners.

Besides, a startup needs to be aged 2-3 years to get the investment from the fund. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Among the various public portfolio startups of the fund, we may underline Apptio, Nextdoor, Zuora Among the most popular fund investment industries, there are SaaS, Marketing. The fund has no specific favorite in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little.

Deals in the range of 10 - 50 millions dollars are the general things for fund. This Shasta Ventures works on 11 percentage points less the average amount of lead investments comparing to the other organizations. The real fund results show that this VC is 14 percentage points more often commits exit comparing to other companies. The high activity for fund was in 2014. Despite it in 2019 the fund had an activity. The higher amount of exits for fund were in 2017. The fund is generally included in 13-24 deals every year. When the investment is from Shasta Ventures the average startup value is 100-500 millions dollars.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Shasta Ventures:
Typical Co-investors
Shasta Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Shasta Ventures:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
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Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

LeakSignal

$1M21 Mar 2024 Menlo Park, California, United States

Interlune

Aerospace
Information Technology
Space Travel
$15M13 Mar 2024 Estes Park, Colorado, United States

Tracksuit

Brand Marketing
Market Research
SaaS
Software
$15M27 Feb 2024 Auckland, Auckland, New Zealand

anecdotes

Compliance
Cyber Security
SaaS
$25M09 Jan 2024 Palo Alto, California, United States

Lightup

Cloud Data Services
Software
$9M31 Mar 2023 Mountain View, California, United States

Tracksuit

Brand Marketing
Market Research
SaaS
Software
$5M13 Feb 2023 Auckland, Auckland, New Zealand

Partly

Automotive
E-Commerce
Information Technology
Internet
Software
$21M13 Dec 2022 Christchurch, Canterbury, New Zealand

Private AI

Artificial Intelligence
Cloud Data Services
Cloud Security
Cyber Security
Machine Learning
Natural Language Processing
Security
Software
$8M17 Nov 2022 Old Toronto, Ontario, Canada

Imagine Impact

Marketplace
Media and Entertainment
$15M14 Nov 2022 California, United States
News
Software supply chain management company Cloudsmith raises $15M

– Cloudsmith has raised $15m in a series A funding round led by Tiger Global, with participation from Shasta, Amaranthine, Sorenson, Leadout Capital, Frontline, MMC, and Techstart.
– The infusion brings the company’s total raised to over $17m.
– Cloudsmith’s platform aims to solve this by helping organizations distribute software without the need for local datacenters and the costs associated with them.
– Cloudsmith can also automatically scan for security vulnerabilities, helping businesses avoid introducing exploits into their software supply chains.

TrueFort Closes $30M Series B Round for Zero Trust Platform that Turns Application Intelligence Against Attackers

– TrueFort announced a $30m Series B round of financing led by Shasta Ventures with the participation of Canaan and existing investors Evolution Equity Partners, Lytical Ventures and Emerald Development Managers.
– As part of the financing round, Nitin Chopra, Managing Director at Shasta Ventures, is joining the company’s board of directors.
– The financing will support hiring across the company, expanded go-to-market activities and multiple R&D initiatives, including offerings that help enterprises better manage their application risk posture.
– Traditional security products have focused on protecting underlying IT infrastructure from threats but the success of attackers in executing ransomware, supply chain and phishing attacks show that there are still significant gaps in security coverage.

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Total investments 434
Average round size 17M
Rounds per year 21.70
Peak activity year 2019
Lead investments 82
Follow on index 0.48
Exits 71
Group Appearance index 0.94

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

LeakSignal

$1M21 Mar 2024 Menlo Park, California, United States

Interlune

Aerospace
Information Technology
Space Travel
$15M13 Mar 2024 Estes Park, Colorado, United States

Tracksuit

Brand Marketing
Market Research
SaaS
Software
$15M27 Feb 2024 Auckland, Auckland, New Zealand

anecdotes

Compliance
Cyber Security
SaaS
$25M09 Jan 2024 Palo Alto, California, United States

Lightup

Cloud Data Services
Software
$9M31 Mar 2023 Mountain View, California, United States

Tracksuit

Brand Marketing
Market Research
SaaS
Software
$5M13 Feb 2023 Auckland, Auckland, New Zealand

Partly

Automotive
E-Commerce
Information Technology
Internet
Software
$21M13 Dec 2022 Christchurch, Canterbury, New Zealand

Private AI

Artificial Intelligence
Cloud Data Services
Cloud Security
Cyber Security
Machine Learning
Natural Language Processing
Security
Software
$8M17 Nov 2022 Old Toronto, Ontario, Canada

Imagine Impact

Marketplace
Media and Entertainment
$15M14 Nov 2022 California, United States
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