Money begets money in big data market

Costanoa Venture Capital has 10 initial investments in companies leveraging data and analytics.
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The wires have been awash with funding announcements by new startups and growing independent companies focused on big data over the last year, but the market has now spawned a new venture capital firm: Costanoa Venture Capital.

The firm was founded by Greg Sands, managing partner, and launched this week with a $100 million fund meant to encourage early-stage, cloud-based data and analytics companies providing services for both businesses and consumers. It has 10 initial investments in companies leveraging data and analytics.

It will provide Series A and seed investments from $500,000 to $3 million. Sands has invested in cloud-based companies for more than a decade, including Merced Systems and Allbusiness.com.

The firm's 10 new investments are with Datalogix, DemandBase, Guardian Analytics, Inflection, Intacct, iSocket, Lex Machina, LinkSmart, Return Path, and Risk I/O. These companies are concentrating on applied big data, consumer-driven interfaces and distribution strategies for enterprise products and social.

They are additionally focusing on mobile opportunities in the enterprise, cloud-based applications and infrastructure, and high-value consumer services with clear monetization strategies.

Sands said his firm is trying to create momentum in the market by identifying and working in sectors before they are saturated, and by undertaking technical projects that require hard work.

"I think we are fortunate to come to market at a time when many are just beginning to see the opportunity where Cloud meets Data," Sands said in the announcement on the company's site.

For more:
- see Costanoa's announcement

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