Shasta Ventures closes new $250 million fund

Shasta Ventures closed a $250 million venture capital fund focused on early-stage technology companies, according to a report in the Silicon Valley / San Jose Business Journal. Menlo Park-based Shasta announced that limited partners in Shasta Ventures II LP are primarily returning investors from Shasta’s first fund, including endowments, foundations, pensions and family offices. Shasta Ventures, which began investing its first fund of $210 million in early 2005, has made 22 investments to date in early-stage companies spanning consumer and business Internet services, mobile and wireless, and software and infrastructure.