Shasta Ventures raises $300 mln fund

Shasta Ventures has raised $300 million for its fourth fund, Shasta Ventures IV. Shasta Ventures III raised $265 million in 2011 and invested in 28 portfolio companies.


Shasta Ventures, a boutique, early-stage venture firm, announced today that the firm has raised its fourth fund, Shasta Ventures IV. This fund, as with the other Shasta funds since inception, is focused on early-stage technology companies in both the consumer and enterprise software sectors.

Shasta Ventures IV is a $300 million fund backed by returning investors from previous funds. In 2004, Shasta Ventures I raised $210 million and invested in 26 portfolio companies. In 2007, Shasta Ventures II raised $250 million and invested in 34 portfolio companies. Shasta Ventures III raised $265 million in 2011 and invested in 28 portfolio companies.

“Shasta Ventures is committed to partnering with talented entrepreneurs who are leveraging technology to improve customer experiences. Our investment focus is in the enterprise software, consumer, and connected device sectors. We believe in building long-term relationships and are here to help our entrepreneurs.” said Tod Francis, managing director at Shasta Ventures.

Shasta Ventures will continue to focus on Series A and Series B stages, which is where the firm believes there is the greatest opportunity. “This fund size enables us to back entrepreneurs at early stages and continue to support them through multiple rounds”, said Rob Coneybeer, managing director at Shasta Ventures.

Shasta’s growing portfolio includes leading next-generation enterprise software and consumer companies such as Anaplan, Apptio, Crittercism, Mint, Nest, Nextdoor, Lithium, Turn, Zenprise, and Zuora, among others.

About Shasta Ventures
Shasta Ventures is a boutique, early-stage venture firm investing its fourth fund in consumer technology and enterprise start-ups. Shasta aims to partner with bold, creative entrepreneurs who have exceptional instincts and insights into the needs, desires and behaviors of the people who use their products. The firm is based in Menlo Park and San Francisco, California. Shasta Ventures has supported the founders of dozens of successful companies, including: Annaplan, Apptio, Crittercism, Lithium, Mint, Nest, Nextdoor, Turn, Zenprise and Zuora. For more information, please visit, or follow us on Twitter at @shasta.

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