TENAYA CAPITAL
TENAYA CAPITAL is a Series B and Series C+ fund in the US writing $5M–$15M checks into Consumer, Developer Tools, Enterprise, Security and information-technology.
- Stages
- Series B, Series C+
- Sectors
- Consumer, Developer Tools, Enterprise, Security, information-technology
- Check size
- $5M–$15M
- Invests in
- US-wide
- Actively investing
- Yes
- Founded
- 1995
- Assets under management
- $1.5B
- Website
- tenayacapital.com
Thesis
Tenaya Capital is a venture capital firm founded in 1995, formerly Lehman Brothers Venture Partners, becoming independent in 2009. They focus on providing growth capital to venture-backed technology companies, primarily in the information technology and consumer sectors, with a clear thesis centered on mid-to-late stage companies that have demonstrated product or revenue traction and are seeking to scale. The firm typically partners with startups at the Series B and Series C stages, avoiding seed and Series A investments. Geographically, their focus is primarily on companies within the United States. Their strategy involves partnering with entrepreneurs and top-tier early-stage investors to build enduring technology companies, supporting them through market cycles. The firm's total assets under management are around $1.5 billion. Tenaya Capital VI closed at $372 million, and Tenaya Capital VII was targeting $350 million with a $450 million hard cap. Initial check sizes range from $5 million to $10 million, with potential follow-on financings bringing the total to $10 million to $15 million, and some investments exceeding $30 million.
Common questions
Does TENAYA CAPITAL invest at the Series B stage?
Yes. TENAYA CAPITAL lists Series B and Series C+ among the stages it invests in.
What check size does TENAYA CAPITAL write?
TENAYA CAPITAL writes $5M–$15M checks.
Where does TENAYA CAPITAL invest?
TENAYA CAPITAL invests in the US.