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Shasta Ventures

Investor type Venture Capital
Founders Jason Pressman Ravi Mohan Rob Coneybeer Tod Francis

Overview

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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.
Total investments 418
Average round size
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The average size of a deal this fund participated in
$17M
Portfolio companies 218
Rounds per year 23.22
Lead investments 81
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
  • Mobile
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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Typical Co-investors
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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

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

Tally

Credit Cards
Financial Services
FinTech
Mobile Apps
$80M03 Oct 2022 San Francisco, California, United States

Voxel51

Analytics
Artificial Intelligence
Computer Vision
Machine Learning
Software
$12M21 Sep 2022 Ann Arbor, Michigan, United States

Outpost Technologies

Information Technology
Manufacturing
Space Travel
$7M30 Aug 2022 Santa Monica, California, United States

Zenno Astronautics

Aerospace
$7M05 Aug 2022 Auckland, Auckland, New Zealand

Portainer

Information Technology
Software
$6M22 Jun 2022 Auckland, Auckland, New Zealand

Deno

Software
$21M21 Jun 2022 San Diego, California, United States

Accern

Analytics
Artificial Intelligence
Big Data
Enterprise Software
Finance
Machine Learning
Natural Language Processing
Predictive Analytics
$20M02 May 2022 New York, New York, 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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