Costanoa Ventures raises $175m

Californian firm continues to back early stage tech companies.

Costanoa Ventures III, which was launched by Costanoa Venture Partners in June, has held a final close at its hard-cap of $175 million. The vehicle focuses on early stage technology start-ups.

The firm’s previous fund, Costanoa Venture Capital II, held a final close at $135 million in February 2015.