Shasta Ventures Investment Strategy and Holdings

Shasta Ventures is a venture capital firm that focuses on investing in early-stage technology companies. They have a strong track record of success, with investments in companies like Twitch, Trello, and Aha.

Shasta Ventures has a diverse portfolio of investments across various industries, including software, consumer, and enterprise technology. Their investment strategy is centered around partnering with exceptional entrepreneurs who are building innovative products and services.

The firm's investment team conducts thorough research and due diligence to identify promising startups with high growth potential. They look for companies that have a strong founding team, a unique value proposition, and a clear path to market.

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Shasta Ventures has a diverse portfolio with various sectors of investment.

The firm invests in Enterprise Applications, with 108 investments made in this sector alone. This is the largest sector for Shasta Ventures, indicating a strong focus on software and technology.

Some of the notable investments made by Shasta Ventures include Az-Vc Fund I-B LLC, Shasta HS 2021 LP, and Shasta TRL 2021 LP, which have sold or have an AUM of $5.1 million, $24.0 million, and $0.0 million, respectively.

Here is a breakdown of the AUM by client type:

Shasta Ventures also has a strong presence in the venture capital space, with notable investments in companies such as Nextdoor Holdings, Inc. and Anaplan, Inc.

Shasta Ventures has a total of $2.0 billion in assets under management (AUM) as of February 23, 2024.

The firm has a presence in the US, with a physical address at 3130 Alpine Road, Portola Valley, CA 94028, and a phone number of 650-543-1700.

Shasta Ventures has a total of 8 client accounts, with all of them being discretionary.

Here's a breakdown of Shasta Ventures' AUM by client type:

Shasta Ventures has a history of investing in various funds, including Az-Vc Fund I-B LLC, Shasta HS 2021 LP, and Shasta TRL 2021 LP.

Shasta Ventures has a significant presence in the startup ecosystem, with over 203,000 acquisitions and investments across various sectors.

The firm has a diverse portfolio, with investments in 2,900+ sectors, showcasing its broad reach and interest in different industries.

Shasta Ventures primarily invests in companies at the Series A stage, with 94 investments in this category alone.

Here's a breakdown of the firm's investment stages:

The firm's latest investment was in Overland AI as part of their Series A on January 13, 2025.

Shasta Ventures invests in a diverse range of sectors, with a total of 472 investments across various categories.

The firm has a significant presence in Enterprise Applications, with 108 investments made in this sector alone. This is a testament to the growing demand for innovative solutions in the enterprise space.

High Tech is another area where Shasta Ventures has made a notable impact, with 63 investments in this sector. This suggests that the firm is keen on supporting cutting-edge technologies.

Consumer-related investments are also a key focus for Shasta Ventures, with 43 investments made in this sector. This indicates that the firm is interested in companies that cater to consumer needs.

Enterprise Infrastructure has also received attention from Shasta Ventures, with 43 investments in this sector. This highlights the firm's commitment to supporting companies that provide essential infrastructure for businesses.

Artificial Intelligence - Industry Applications is a niche sector that Shasta Ventures has also invested in, with 21 investments made in this area. This shows that the firm is interested in exploring the potential of AI in various industries.

Other sectors, including those not specified above, account for 195 investments. This suggests that Shasta Ventures is open to investing in a wide range of sectors beyond those mentioned.

Here's a breakdown of Shasta Ventures' investments by sector:

Acquired Companies are a key part of a venture capital firm's portfolio, providing a successful exit for investors and a validation of their investment strategy.

Brigit, a financial wellness company, was acquired by Shasta Ventures in December 2024, after the firm first invested in the company in January 2021 with a $35 million Series A round.

Zuora, a subscription management platform, was acquired in October 2024, nearly 16 years after the firm first invested in the company in October 2008 with a $15 million Series B round.

LiveIntent, a digital marketing platform, was acquired in October 2024, over 13 years after the firm first invested in the company in October 2011 with an $8 million Series B round.

SeaLights, a software company, was acquired in July 2024, just over 3 years after the firm first invested in the company in October 2021 with a $30 million Series B round.

Polarity, a data analytics company, was acquired in July 2024, over 5 years after the firm first invested in the company in August 2019 with an $8.1 million Series A round.

Here are the acquired companies in Shasta Ventures' portfolio, listed in the order of their acquisition date:

Shasta Ventures has made a significant number of investments, with a total of 465 investments to date. This demonstrates the firm's commitment to supporting a wide range of companies.

The sectors in which Shasta Ventures invests are quite diverse, with a notable presence in Enterprise Applications, High Tech, and Consumer. Here's a breakdown of their investment sectors:

Some notable companies in Shasta Ventures' portfolio have successfully gone public, including Intuit, which had an IPO in 1993.

Shasta Ventures was founded in 2005 by Rob Coneybeer, Tom Kelley, and Jason Pressman.

The firm has a strong presence in the San Francisco Bay Area, with its headquarters located in San Francisco.

Shasta Ventures focuses on investing in early-stage technology companies, with a particular emphasis on enterprise software, consumer, and fintech.

The firm has a diverse portfolio of companies, including companies that have gone public and others that have been acquired.

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Shasta Ventures has made a significant number of investments, with a total of 465 investments under their belt.

Their latest investment was in Overland AI as part of their Series A funding, which took place on January 13, 2025.

Shasta Ventures has a history of supporting innovative companies, and their investment in Overland AI is a great example of this.

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Overland AI, a Seattle-based tech company, raised $32M in Series A funding led by 8VC, with participation from several other investors, including Shasta Ventures.

The company plans to use the funds to accelerate the adoption of its ground capabilities for defense and national security.

Overland AI was founded in 2022 and is led by CEO Byron Boots, who is empowering ground operations for modern defense.

The company leverages advanced research in robotics and machine learning to deliver advanced autonomy for unit commanders.

Its autonomy kit and OverDrive stack enable ground vehicles to navigate off-road without GPS or direct operator control.

Overland AI's OverWatch C2 provides commanders with precisely coordinated capabilities that are vital for complex missions to succeed.

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Shasta Ventures has a notable history of portfolio exits, with 103 exits to date. Their latest exit was the acquisition of Brigit by Upbound Group on December 12, 2024, for an undisclosed valuation.

The company's exits are a testament to their successful investments and partnerships. One notable exit was WorkForce Software, acquired by Automatic Data Processing on October 15, 2024, also for an undisclosed valuation.

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Shasta Ventures has a diverse portfolio, with exits ranging from acquisitions to asset sales. On October 9, 2024, Tally was sold to LendingClub in an asset sale for an undisclosed valuation.

Here are the details of Shasta Ventures' recent exits:

These exits demonstrate the company's ability to identify and support successful startups, leading to valuable returns on investment.

Shasta Ventures has a significant track record of success, particularly when it comes to fundraising. Its second fund of US$250 million was a major milestone, as it included Nest Labs, which went on to be sold to Google for $3.2 billion, effectively repaying the entire fund.

Shasta's third fund was announced in September 2011, with a total of $265 million. This shows that the firm was consistently securing large sums of money to invest in promising startups.

The fourth fund, announced in June 2014, had a total of $300 million.

IPOs and public companies can be a great way to invest in and support innovative businesses. The Shasta Ventures portfolio includes several companies that have gone public.

One notable example is Intuit, which went public on March 12, 1993. This was a significant milestone for the company, marking a major step in its growth and expansion.

Another example is Eye-Fi, which went public on December 4, 2020. This company had received a significant Series A investment of $5.5M back in 2007.

Some other notable companies in the Shasta Ventures portfolio include SentinelOne, Nextdoor, and Spire, all of which have also gone public in recent years.

Here's a list of some of the public companies in the Shasta Ventures portfolio, along with their IPO dates and first round of investment:

Shasta Ventures's revenue is in the range of $10M. This is a significant amount of money that can be used to support various business ventures.

The revenue range of $10M is a substantial figure that can have a significant impact on a company's operations and growth. It's a good sign that Shasta Ventures is doing well financially.

Here are some key financial facts about Shasta Ventures:

Shasta Ventures is a well-rounded team with a strong presence in the venture capital world. The team is based in various locations, including San Francisco, Portola Valley, Seattle, Menlo Park, and New York City.

Here are some of the key team members:

The team's presence is not limited to just their locations, as they have a significant impact on the venture capital industry.

Unicorns in Shasta Ventures' portfolio are a testament to the firm's successful investments.

ClassDojo, a classroom behavior feedback platform, has a Tracxn Score of 75. It was founded in 2011 and is based in San Francisco.

CommerceIQ, a provider of SaaS and AI-based analytics software for e-commerce businesses, has a Tracxn Score of 66. It was founded in 2012 and is located in Mountain View.

Here are some key statistics about these unicorns:

A few of these unicorns have received significant funding, including ClassDojo, which has reached the Series D stage.

At Shasta Ventures, the company leadership is comprised of experienced professionals who have a deep understanding of the startup ecosystem.

The Chief Financial Officer, A. C., plays a crucial role in overseeing the financial aspects of the company.

The Managing Director & Co-Founder, R. C., has been instrumental in shaping the company's vision and strategy.

T. F., the Founder and Managing Director, has a wealth of experience in the venture capital industry and has been a key player in the company's success.

The Vp Of Finance, R. K., is responsible for managing the company's finances and ensuring that the company is financially stable.

Here is a list of the company leadership:

Our team at Shasta Ventures is comprised of experienced professionals with a strong presence in the industry. Austin Grose is based in San Francisco, while Jason Pressman, Neil Day, and Tod Francis are located in Portola Valley, Seattle, and Menlo Park, respectively.

We have a diverse team with members from various locations, including San Francisco, Portola Valley, Seattle, Menlo Park, and New York City. Avery Cannon, Vy Tran, Balaji Yelamanchili, and Drew Harman are also based in San Francisco.

The team at Shasta Ventures has a strong foundation, with a presence in several locations across the United States.

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Co-investors play a crucial role in the success of Shasta Ventures's portfolio companies. Over the past 20 years, 1170 investors have co-invested in these companies, including funds and angels.

Shasta Ventures often partners with investors who have a history of successful investments. For example, 7 companies have seen investments from both Shasta Ventures and Y Combinator, while 6 companies have received investments from both Shasta Ventures and First Round Capital.

The top co-investors of Shasta Ventures are numerous, with 395 investors entering a company alongside Shasta Ventures. First Round Capital is one of these top co-investors, having partnered with Shasta Ventures in 8 companies.

Shasta Ventures's portfolio companies also attract investors after the initial investment. A total of 519 investors have invested in Shasta Ventures's portfolio companies after their initial investment.

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