Investments
449Portfolio Exits
89Funds
9About 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.

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Expert Collections containing Shasta Ventures
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Find Shasta Ventures in 2 Expert Collections, including HR Tech.
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Research containing Shasta Ventures
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CB Insights Intelligence Analysts have mentioned Shasta Ventures in 10 CB Insights research briefs, most recently on Jan 23, 2023.

Jan 23, 2023
442 startup failure post-mortems
Latest Shasta Ventures News
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.

Shasta Ventures Investments Activity

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 | Bessemer Venture Partners, Experior Ventures, Granite Ventures, Shasta Ventures, and Undisclosed Investors | 1 |
11/17/2022 | Series A | Private AI | $8M | Yes | 9 | |
11/14/2022 | Series B | |||||
11/9/2022 | Series B |
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 | ||
Amount | $21M | $14.17M | $8M | ||
New? | Yes | No | Yes | ||
Co-Investors | Bessemer Venture Partners, Experior Ventures, Granite Ventures, Shasta Ventures, and Undisclosed Investors | ||||
Sources | 6 | 1 | 9 |
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 | 4 | |||
9/7/2022 | Acquired | 4 | |||
8/31/2022 | Acquired | 5 | |||
Date | 9/8/2022 | 9/7/2022 | 8/31/2022 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 4 | 4 | 5 |
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 | ||||
9/23/2011 | Shasta Ventures III | ||||
11/15/2007 | Shasta Ventures II | ||||
3/24/2005 | Shasta Ventures |
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 | ||||
Status | Closed | ||||
Amount | |||||
Sources | 4 |
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 | |
Name | Robert Coneybeer | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Founder, Managing Director | ||||
Status | Current |
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