Shasta Ventures

Founded 2004
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 296
Average round size
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The average size of a deal this fund participated in
$14M
Portfolio companies 194
Rounds per year 17.41
Lead investments 60
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.44
Exits 65
Key employees 9
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Enterprise Software
  • SaaS
  • Internet
  • Information Technology
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, Menlo Park
Funds with similar focus located in United States, Menlo Park:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

TrueFort

Cloud Security
Cyber Security
Software
1
$30M08 Sep 2021 United States, " United States"}

Oomnitza

Enterprise Software
Information Technology
SaaS
Software
1
$20M26 Aug 2021 United States, San Francisco

Cequence Security

Cyber Security
Developer APIs
Fraud Detection
Information Technology
Internet
Network Security
Security
Software
1
24 Jun 2021 United States, Sunnyvale

CommerceIQ

E-Commerce
Machine Learning
1
$60M22 Jun 2021 United States, Palo Alto

Macrometa

Cloud Computing
Cloud Data Services
Cloud Infrastructure
Database
Information Technology
1
$20M15 Jun 2021 United States, Palo Alto

The Pill Club

Delivery
Health Care
Hospital
1
$41M14 Jun 2021 United States, Redwood City

LawVu

Enterprise Software
Information Technology
Legal
Legal Tech
Management Consulting
Professional Services
SaaS
Software
1
$1M04 May 2021 New Zealand, " New Zealand"}

Shabodi

Enterprise Software
Information Technology
Software
1
$2M19 Apr 2021 United States, Ontario

Lattice

Enterprise Applications
Human Resources
Information Technology
Productivity Tools
Software
1
$60M23 Mar 2021 United States, San Francisco
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 introduc... Read more
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 ... Read more

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