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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Notable deals
Company | Industry | Round Size | Date | Investors | Location |
Overland AI | $10M | 20 May 2024 | Seattle, Washington, United States | ||
Voxel51 | $30M | 16 May 2024 | Ann Arbor, Michigan, United States | ||
LeakSignal | $1M | 21 Mar 2024 | Menlo Park, California, United States | ||
Interlune | $15M | 13 Mar 2024 | Estes Park, Colorado, United States | ||
Tracksuit | $15M | 27 Feb 2024 | Auckland, Auckland, New Zealand | ||
anecdotes | $25M | 09 Jan 2024 | Palo Alto, California, United States | ||
Lightup | $9M | 31 Mar 2023 | Mountain View, California, United States | ||
Tracksuit | $5M | 13 Feb 2023 | Auckland, Auckland, New Zealand | ||
Partly | $21M | 13 Dec 2022 | Christchurch, Canterbury, New Zealand |
– 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 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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Latest deals
Company | Industry | Round Size | Date | Investors | Location |
Overland AI | $10M | 20 May 2024 | Seattle, Washington, United States | ||
Voxel51 | $30M | 16 May 2024 | Ann Arbor, Michigan, United States | ||
LeakSignal | $1M | 21 Mar 2024 | Menlo Park, California, United States | ||
Interlune | $15M | 13 Mar 2024 | Estes Park, Colorado, United States | ||
Tracksuit | $15M | 27 Feb 2024 | Auckland, Auckland, New Zealand | ||
anecdotes | $25M | 09 Jan 2024 | Palo Alto, California, United States | ||
Lightup | $9M | 31 Mar 2023 | Mountain View, California, United States | ||
Tracksuit | $5M | 13 Feb 2023 | Auckland, Auckland, New Zealand | ||
Partly | $21M | 13 Dec 2022 | Christchurch, Canterbury, New Zealand |