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Shasta confirms new $300M fund

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How does someone follow an investment homerun such as Nest? For Shasta Ventures, the answer is to raise another fund and continue investing.

Today, the venture capital firm confirmed that it has raised its fourth fund, of $300 million, its largest to date.

This new fund will focus on first and early second rounds, the company told VentureBeat via email. The firm is focusing on connected device technology, software, and consumer businesses.

The firm has previously invested in companies such as Nest, Nextdoor, Spiceworks, Lithium, Zuora, Crittercism, Adometry, Flywheel, Mint, Dollar Shave Club, TaskRabbit, and Whisper, among others. With its previous fund, the firm invested in a total of 26 companies.

Shasta Ventures’s investing team includes cofounders and managing directors Tod Francis, Rob Coneybeer, and Ravi Mohan, managing director Jason Pressman, and partner Sean Flynn.

Shasta Ventures was founded in 2004 and is based in San Francisco and Menlo Park, Calif.

More about the companies and people from this article:

The creator of the world’s first learning thermostat, Nest Labs is focused on reducing home-energy consumption. The Nest Learning Thermostat learns about you and your home to automatically turn itself down when you're away, guide you... read more »

Crittercism, based in San Francisco, California, is the world’s first mobile application performance management (APM) solution. The company’s products monitor every aspect of mobile app performance, allowing Developers and IT Opera... read more »

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