Costanoa Ventures Raises $394 Million in Funds, Bucking Trend
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Costanoa Ventures has raised $394 million for two new funds, financing that comes at a time when many small and midsized venture firms are struggling to bring in fresh capital.
The California-based firm invests in young companies — from the seed stage through Series A — and bets on sectors including financial technology, artificial intelligence-driven enterprise software and defense startups. The money will be split between a new $275 million early-stage fund and a $119 million fund for follow-on investments.