PALO ALTO, CA—(July 7, 2015) – Costanoa Venture Capital, an early stage investor in cloud-based services for businesses and consumers leveraging data and analytics, announced today that it has closed its second fund. The fund was capped at $135 million and brings the firm’s total capital under management to $325 million.

“We’re thrilled to have Fund II closed. The support from our Limited Partners is a vote of confidence and affirmation of our approach. It is characteristic, but it is much more important that it enables our work with another group of fantastic entrepreneurs,” says Founder and Managing Partner, Greg Sands.

“With the closing of our Second Fund, we have the capability to devote our time and resources toward partnering with exceptional entrepreneurs within our core themes and areas of expertise,” adds Neill Occhiogrosso, Partner.

Founded in 2012, Costanoa Venture Capital’s mission is to be a hands-on, value-added partner to early stage entrepreneurs in its core sectors. The firm has maintained its focus on providing Series A and Seed investments to entrepreneurs building technologies that seek to capitalize on the shift towards a data-driven, cloud-based, and mobile-centric world. Costanoa has invested in four companies out of the fund to date including Alation, Apptimize, Bugcrowd, and Directly.

“Costanoa’s investment team has demonstrated that they can provide the tools and advice to help companies grow and be successful from the start. We were thrilled when Costanoa led our Series A funding and are grateful for their partnership,” said Casey Ellis, CEO at Bugcrowd.

“Our perspective remains unchanged from our debut Fund; we strive to provide direct guidance while allowing entrepreneurs and CEOs the freedom to operate, improve and ultimately succeed,” says Sands.

About Costanoa Venture Capital

Costanoa Venture Capital is an early stage investor focused on cloud-based services solving real problems for businesses and consumers by leveraging data and analytics. Costanoa provides early stage entrepreneurs with a combination of “right-sized” amounts of capital and value-added support from a high-quality institutional partner. Current investments include: 3scale, Acme Technologies, Alation, Apptimize, Bugcrowd, Directly, DemandBase, Gamechanger, Grovo, Guardian Analytics, Inflection, Intacct, Kahuna, Lex Machina, NovoEd, Return Path, Risk I/O, Stitch Labs, VictorOps and VigLink. The firm is headquartered in Palo Alto, CA. For more information, visit http://costanoavc.com and follow us on Twitter @costanoavc.