Shasta Ventures
About Shasta Ventures
Shasta Ventures is an early-stage venture capital firm located in Portola Valley, California. Founded in 2004, the firm manages over a billion dollars and specializes in investing in startups across enterprise and consumer technology sectors. Shasta Ventures primarily focuses on Series A and other early-stage funding rounds, targeting companies that leverage technology to innovate and transform markets.
The firm invests in a variety of areas, including SaaS and enterprise software, cybersecurity, infrastructure, data intelligence, consumer subscription services, and emerging technologies like
Fundraising for the firm's first fund began in June 2004, and a first close of $70 million followed that October. The first fund ended at $210 million, above its $175 million target, and was aimed at early-stage companies in infrastructure, software and tech-enabled services. Later funds were reported at $250 million (second fund), $265 million (third fund, announced September 2011) and $300 million (fourth fund, announced June 2014). Sources disagree on founders. Altss names Tod Francis and Ravi Mohan as founding partners, while Wikipedia lists Rob Coneybeer and Ravi Mohan. Altss names Rob Coneybeer, Jason Pressman and Jacob Mullins as the general partners who handle day-to-day investing. VCSheet also lists Nitin Chopra and Issac Roth as managing directors. Altss describes Balaji Yelamanchili as a venture partner with cybersecurity and AI experience who supports sourcing but does not control capital decisions. Public sources do not say which partners lead the firm's AI deals.
Shasta's AI exposure sits mainly inside its enterprise and security portfolio. In November 2025 it led a $9 million Series A for Portal26, a platform for managing enterprise use of generative AI. It also took part in a $15 million round for Deep Sentinel, a security company that pairs remote monitoring guards with proprietary AI, which Intel Capital led. F4 describes the thesis as founders with technical solutions to enterprise problems in SaaS, cybersecurity, infrastructure, data intelligence and computer vision. Public trackers also list Anecdotes, an AI-powered compliance platform, where Shasta joined a $30 million Series B extension.
The firm invests at seed, Series A and Series B. F4 says Series A is the core stage, with selective seed activity, and that the firm targets 15 to 20 percent ownership at Series A. F4 gives typical checks of $2 million to $15 million, and says a decision takes about two months. VCSheet and StartupIntros instead cite a range of $100,000 to $10 million. These figures come from third-party aggregators, not from a firm disclosure, so founders should confirm terms directly.
- Portal26: GenAI adoption management platform; $9 million Series A led by Shasta in November 2025
- Deep Sentinel: security provider using AI-assisted live video monitoring; $15 million round led by Intel Capital with Shasta participating
- Anecdotes: AI-powered governance, risk and compliance platform; Shasta participated in a $30 million Series B extension
- Lucidworks: enterprise search software; listed in Shasta's active portfolio
- Tonal: AI-driven connected fitness; listed in Shasta's active portfolio
- altassets.net/private-equity-news/us-shasta-ventures-closes-210m-ventu
- en.wikipedia.org/wiki/Shasta_Ventures
- altss.com/profile/shasta-ventures
- vcsheet.com/fund/shasta-ventures
- f4.fund/firms/shasta-ventures
- startupintros.com/orgs/shasta-ventures
- leadiq.com/c/shasta-ventures/5a1d9d992300005c008d7626
- privateequityinternational.com/institution-profiles/shasta-ventures.ht
Investing activity
Shasta Ventures is listed on AI Lounge as a venture capital investor based in Portola Valley, California, United States. The deals desk records Series A and later AI rounds and seeds over $10M, so smaller checks may not show here yet.
Deals
Frequently asked questions about Shasta Ventures
Does Shasta Ventures invest in AI startups?
Yes. Recent examples include Portal26, a GenAI adoption management platform that Shasta led in a $9 million Series A in November 2025. Shasta's AI deals are mostly in enterprise software and security.
What stages does Shasta Ventures invest in?
Shasta lists seed, Series A and Series B on its investor profiles. Third-party research describes Series A as the main focus, with selective seed deals.
What is the typical check size from Shasta Ventures?
F4 reports typical checks of $2 million to $15 million, while VCSheet and StartupIntros cite $100,000 to $10 million. Public sources do not confirm a figure from the firm itself.
When was Shasta Ventures founded and how big are its funds?
Fundraising for its first fund began in June 2004. Reported fund sizes include $210 million for the first, $250 million for the second, $265 million for the third and $300 million for the fourth.
Which partners lead Shasta Ventures' AI investments?
Public sources do not name the partners who lead the firm's AI deals. Altss lists Rob Coneybeer, Jason Pressman and Jacob Mullins as the general partners who handle day-to-day investing.
Where is Shasta Ventures based?
Shasta Ventures is based in Portola Valley, California, United States.
How can founders reach Shasta Ventures?
Founders on AI Lounge can see Shasta Ventures's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Shasta Ventures to their Investor Pipeline to track the conversation.