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Costanoa Ventures

Also known as Costanoa

Palo Alto, United States Founded 2012 costanoa.vc San Francisco Bay Area ecosystem (#1 of 32)

  • Seed
  • Early stage
  • enterprise
  • fintech
  • AI

Costanoa Ventures’s latest fund is Fund IV + Opportunity Fund II: $340M, 2021, #128 of 427 firms by latest fund.

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Latest fund$340M2021
Rank by latest fund#128of 427 firms
Assets under managementNot reported
Funds with reported performance4From public LP disclosures

Funds

FundClosedSizeSource
Fund IV + Opportunity Fund II2021$340Mtechcrunch.com

LPs on the record

3 private foundations list on their latest IRS Form 990-PF, and 2 other LPs report holding Costanoa Ventures’s funds.

2 more LPs are in the app. Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.

Firms whose LPs overlap

The firms sharing the most LPs on record with Costanoa Ventures, relative to how many LPs each has. A peer set like this is what Find LPs ranks LPs from.

Find LPs for Costanoa Ventures and these firms: Hottub ranks the LPs that hold their funds, the ones still adding funds first.

Reported fund performance

As reported by public LPs that invested in these funds, net of fees. “Versus vintage” ranks each fund against every other fund of the same vintage in that LP’s report, mostly private equity and venture funds. Open a fund for its cash flows and full peer ranking.

FundVintageNet IRRVersus vintage (IRR)TVPIDPIReported by
Costanoa Ventures V2023N/MNot yet meaningful——Employees' Retirement System of the State of Hawaii (HIERS)
Costanoa Ventures IV2021N/MNot yet meaningful——Employees' Retirement System of the State of Hawaii (HIERS)
Costanoa Ventures IV—N/MNot yet meaningful——Illinois Growth and Innovation Fund (Illinois State Treasurer)
Costanoa Ventures Opportunity Fund II—N/MNot yet meaningful——Illinois Growth and Innovation Fund (Illinois State Treasurer)

Employees' Retirement System of the State of Hawaii (HIERS): HIERS Private Equity Partnerships: Performance Summary by Investment, as of March 31, 2026. ERS posts a quarterly "Performance Summary by Investment" of its private equity partnerships in which only "Capital Committed", "Paid-In Capital" and "Reported Market Value" (with the date of that value) are filled in; the Capital Distributed, Remaining Cost, Net IRR and TVM columns are empty in the published version. So committed, paid-in and market value are shown, in whole US dollars as printed, and distributed, total value, IRR, TVPI and DPI are blank; nothing is derived or estimated. The report says paid-in capital includes both commitment and non-commitment reducing capital calls, that cash flows are HIERS' actual cash paid and received, and that market values reflect HIERS' unrealized interest in each investment. "Vintage Year" is as printed. All 371 investments are included as ERS classifies them by strategy (61 Buyout - Large, 42 Buyout - Mega, 59 Buyout - Mid, 13 Buyout - Small, 3 Co/Direct Investment, 6 Distressed Debt, 40 Growth Equity, 10 Mezzanine, 2 Secondaries, 10 Special Situations, 125 Venture Capital), in the report's blocks: Core (334), Stafford Capital Management - 1 (8), Stafford Capital Management - 2 (11), Stafford Capital Management - 3 (17), Stafford Ho'oulu Fund (1); the Stafford Capital Management blocks list the partnerships held through the Hawaii Targeted Investment Program funds (HiTIP I, II and III) that ERS's Holdings page also reports separately. They add up to the printed Grand Total of $8,371,769,464 committed, $6,707,086,129 paid in and $5,197,639,074 reported market value. 114 investments have no remaining value (liquidated, or not yet called), shown as 0; 9 others carry a value dated before the report date. Each page of the report carries the legend "Institutional Use Only/Not for Public Use | Proprietary and Confidential"; this is the version ERS itself posts on its Holdings page. ERS's separate private credit, real assets and timber reports are not imported. View source

Illinois Growth and Innovation Fund (Illinois State Treasurer): 2024 ILGIF Reporting Information: recipient funds, as of December 31, 2024. The Illinois State Treasurer's Illinois Growth and Innovation Fund commits as a limited partner to venture capital, growth equity and private credit funds. Its yearly reporting document under the Technology Development Act names every recipient fund in two lists, "ILGIF Illinois-Based Funds" (86 names) and "Outside of Illinois" (11 names), but gives no amount per fund, so the commitment and every other amount here is blank, as are vintage year, multiple and IRR. For the portfolio as a whole the document reports, as of 2024-12-31: total commitments $752,350,000, capital called $565,799,533, cash distributions received $169,509,947 and total value of the portfolio $773,590,602. All the funds named are included, private credit funds among them, because the lists do not say which strategy a fund follows; 3 funds the document prints twice are kept once, leaving 94 funds. View source

About this data

Fund sizes come from firm announcements, SEC filings, and press reports, converted to US dollars near the closing date. Compiled as of October 9, 2026. Notable portfolio companies are examples from public sources, not a complete list.

  1. techcrunch.com/2021/12/01/things-are-heating-up-for-costa…

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