# Shasta Ventures

Shasta Ventures is a Venture Capital based in Portola Valley, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Portola Valley, United States
- **Region:** North America
- **Address:** Austin, Portola Valley, Bala Cynwyd, Seattle, Boise, Stamford, United States
- **Founded:** 2004
- **Assets under management:** Over $1B (per Shasta Ventures website)
- **Website:** www.shasta.vc
- **LinkedIn:** https://www.linkedin.com/company/shasta-ventures
- **Wikidata:** Q17146934

## Regulatory record

- **CRD number:** 162676
- **SEC file number:** 802-131588
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/162676

## About

Shasta is an early-stage venture capital firm with over a billion dollars under management. Shasta has a 15-year track record of investing in groundbreaking startups like Anaplan, Zuora, Nest, Nextdoor, SendBird, Tonal, Lattice, Glint, Highspot and hundreds more. Shasta now invests in innovative series A enterprise startups in sectors like SaaS, cybersecurity, infrastructure, data intelligence and camera vision. By focusing just on these sectors, we can dive deeper to produce better outcomes. Our investment in Shasta Elevate gives enterprise founders the playbook, tools and support they need to scale faster.

## Sectors

- Enterprise Software
- Cybersecurity
- Infrastructure
- AI/ML
- Consumer Subscription

## Offices

- Portola Valley, CA
- Bala Cynwyd, PA
- Seattle, WA
- Boise, ID
- Stamford, CT

## People

- Rob Coneybeer — Investor
- Jacob Mullins — Investor
- Jason Pressman — Investor
- Tod Francis — Founding Leadership
- Ravi Mohan — Founding Leadership

## Questions

### Who makes investment decisions at Shasta Ventures?

Day-to-day investing is led by the general-partner group, which includes Rob Coneybeer, Jason Pressman and Jacob Mullins. Founding partners Tod Francis and Ravi Mohan remain active in firm leadership. Venture partners with operational expertise in cybersecurity and AI — Balaji Yelamanchili, Issac Roth and Nitin Chopra among them — support sourcing and portfolio work but do not control capital decisions.

### How does Shasta Ventures source deals?

Shasta leans on a distributed partnership operating from six US offices and a network of venture partners with deep operator backgrounds. The firm has not publicly described a proprietary sourcing engine; its model relies on repeat founder relationships, concentrated sector coverage, and the in-bound deal flow generated by a two-decade track record in enterprise technology.

### Is Shasta Ventures a single-sector firm or a generalist?

Shasta functions as a specialist with boundaries: it invests in early-stage enterprise technology, primarily SaaS, cybersecurity, cloud infrastructure, data intelligence and camera vision. The firm also pursues consumer subscription businesses when the unit economics resemble enterprise recurring revenue, but it does not invest broadly in consumer internet, hardware, biotech or financial technology.

### What stage does Shasta Ventures typically target?

Shasta concentrates on early-stage investing, with an emphasis on Series A rounds. The firm states an explicit focus on elevating startups 'from 1-10'—the post-seed, pre-growth window where product-market fit is established and go-to-market mechanics are still being built.

### How is Shasta Ventures governed as the founding partners age into succession territory?

Tod Francis and Ravi Mohan founded the firm in 2004 and remain in active leadership alongside the next-generation investing team. Shasta has not publicly disclosed a formal succession plan or governing-body structure beyond its partnership group, though the elevation of investors Rob Coneybeer, Jason Pressman and Jacob Mullins signals a gradual transition of day-to-day deal-making responsibility.

## Related profiles

- [Shasta Angels](https://altss.com/profile/shasta-angels)
- [Shastra VC](https://altss.com/profile/shastra-vc-duplicate)

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Last updated: 2026-06-03T20:00:00.000Z

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