Costanoa Ventures

Greg Sands was Netscape's first product manager and a business development manager at Cisco before becoming a Managing Director at Sutter Hill Ventures, then founding Costanoa Ventures in 2012 to lead Seed and Series A rounds in complex, high-impact markets where deep sector expertise matters - applied AI, data infrastructure, cybersecurity, and fintech among them. Costanoa backed VictorOps at Series A, which Splunk acquired in 2018, and more recently backed SGNL, acquired by CrowdStrike in January 2026. The firm closed its $175 million Fund III in 2017 and has stayed disciplined about leading rounds in categories it believes require real technical depth to evaluate correctly.

$175M+ (Fund III) AUM 68/100 Power Score™ 2012 Founded San Francisco, CA
Applied AI AI & Data Infrastructure Cybersecurity National Security Fintech
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Signature Exit

SGNL's acquisition by CrowdStrike in January 2026 - Costanoa backed the identity security startup years before the deal, alongside its earlier VictorOps exit to Splunk in 2018

Key Partners & Leadership

Founder & Managing Partner

Firm Timeline

2012
Greg Sands founds Costanoa Ventures after roles at Netscape, Cisco, and Sutter Hill Ventures.
2013
Publishes Costanoa's investment thesis behind VictorOps.
2017
Closes Costanoa's $175 million Fund III.
2018
VictorOps, backed at Series A, is acquired by Splunk.
2026
SGNL, another Costanoa portfolio company, is acquired by CrowdStrike.