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Venture Capital
shasta.vc

Investments

449

Portfolio Exits

89

Funds

9

About Shasta Ventures

Shasta Ventures is an early-stage investment firm focused on U.S. companies in the consumer Internet, mobile and software sectors. Shasta was formed to back brilliant entrepreneurs with an unwavering commitment to the customer experience. The firm's partners' experience in marketing, as well as technology, gives them a leg up in analyzing products, potential markets and customers. Shasta Ventures feels a customer-centric approach is particularly important in this age of social media. Buzz about superior-and inferior-products travels quickly today, leaving little wiggle room for mediocre offerings.

Headquarters Location

2440 Sand Hill Road Suite 300

Menlo Park, California, 94025,

United States

650-543-1700

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Expert Collections containing Shasta Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Shasta Ventures in 2 Expert Collections, including HR Tech.

H

HR Tech

65 items

U

Unicorns- Billion Dollar Startups

114 items

Latest Shasta Ventures News

CommerceIQ Raises USD 60 Mn Funding From Insight Partners, Others

Dec 22, 2022

CommerceIQ, which provides e-commerce solutions to consumer brands, on Tuesday said it has raised USD 60 million (about Rs 446 crore), led by Insight Partners. The Series C round also saw participation from existing investors, Trinity Ventures, Shasta Ventures, and Madrona Venture Group, a statement said. The money raised will fund international expansion, and product research and development focused on further maximizing brand revenue and profitability on Amazon, Walmart, Instacart, Target, and other online marketplaces, it added. The company also intends to significantly scale its India operations, with additional key hires in software and product development, data science and analytics, product operations, and support, it said. CommerceIQ has raised USD 81 million to date. 'With a 40 percent growth in e-commerce this year alone, it is imperative that brands apply automation and machine learning to manage their business online. The tried and true methods that were perfected for brick and mortar simply do not work online,' CommerceIQ CEO Guru Hariharan said. He added that CommerceIQ's customers are using its platform to win in e-commerce, by harnessing real-time visibility to all aspects of the operation within a single source of truth to drive automation at scale. 'In the last two years in India alone, we have doubled our headcount and as we move forward, these operations will be a pillar of the overall growth of the company and our ability to deliver on our ambitious product roadmap. With such a talented and passionate team, we also expect India to be a cornerstone to our future market expansion into Asia-Pacific as a whole,' he said. The company said it has witnessed triple-digit growth over the last two years but did not specify details. It has more than 2,200 brands that use its technology to increase the share of voice, pump up incremental sales and enhance profitability, it added. CommerceIQ's solutions have been adopted by consumer brands like Kellogg's, Nestle, Colgate-Palmolive, and Spectrum Brands. Headquartered in Mountain View, California in the US, CommerceIQ has more than 110 of its team working at its Bengaluru office. PTI

Shasta Ventures Investments

449 Investments

Shasta Ventures has made 449 investments. Their latest investment was in Partly as part of their Series A on December 12, 2022.

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Shasta Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/13/2022

Series A

Partly

$21M

Yes

6

12/6/2022

Series J

Smule

$14.17M

No

1

11/17/2022

Series A

Private AI

$8M

Yes

9

11/14/2022

Series B

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$99M

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10

11/9/2022

Series B

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$99M

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10

Date

12/13/2022

12/6/2022

11/17/2022

11/14/2022

11/9/2022

Round

Series A

Series J

Series A

Series B

Series B

Company

Partly

Smule

Private AI

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Amount

$21M

$14.17M

$8M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

6

1

9

10

10

Shasta Ventures Portfolio Exits

89 Portfolio Exits

Shasta Ventures has 89 portfolio exits. Their latest portfolio exit was Hasty on September 08, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/8/2022

Acquired

$99M

4

9/7/2022

Acquired

$99M

4

8/31/2022

Acquired

$99M

5

5/19/2022

Acquired

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$99M

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10

3/10/2022

Acquired

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$99M

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10

Date

9/8/2022

9/7/2022

8/31/2022

5/19/2022

3/10/2022

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

4

5

10

10

Shasta Ventures Fund History

9 Fund Histories

Shasta Ventures has 9 funds, including Shasta Ventures V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2016

Shasta Ventures V

Early-Stage Venture Capital

Closed

4

6/18/2014

Shasta Ventures IV

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$99M

10

9/23/2011

Shasta Ventures III

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$99M

10

11/15/2007

Shasta Ventures II

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$99M

10

3/24/2005

Shasta Ventures

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$99M

10

Closing Date

12/31/2016

6/18/2014

9/23/2011

11/15/2007

3/24/2005

Fund

Shasta Ventures V

Shasta Ventures IV

Shasta Ventures III

Shasta Ventures II

Shasta Ventures

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$99M

$99M

$99M

$99M

Sources

4

10

10

10

10

Shasta Ventures Team

12 Team Members

Shasta Ventures has 12 team members, including current Founder, Managing Director, Robert Coneybeer.

Name

Work History

Title

Status

Robert Coneybeer

Founder, Managing Director

Current

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Name

Robert Coneybeer

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Work History

Title

Founder, Managing Director

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Status

Current

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