Ten Coves Capital
Growth equityGrowth
Investment thesis
Ten Coves Capital focuses on fintech growth equity, backing high-growth companies that are re-imagining and re-wiring the financial ecosystem. The firm targets innovators that solve pain points, enable workflows, and provide critical infrastructure to financial institutions ranging from the largest FIs to SMBs. Its investment scope spans payments, banking and lending, insurance and benefits, asset management and capital markets, and related data and business services. Ten Coves positions itself as a value-add partner, drawing on decades of focused fintech experience to provide pattern recognition and an extensive network. The firm offers flexible capital with a patient approach and aims to help portfolio companies scale into durable, strategically significant businesses.
Source: firm website, verified Aug 6, 2026.
What they invest in
from 1 of 1 portfolio companiesHealthtech ×1HR Tech ×1InsurTech ×1
HQs:United States×1
Investments · 1 tracked
founders shown can be your intro pathbenefitbay operates an ICHRA (Individual Coverage Health Reimbursement Arrangement) platform that provides tools for plan modeling, compliance, deployment, and enrollment.
HealthtechHR TechInsurTechKansas City, US
Brandy Burch(Executive Officer, Director)Zach Andrew Harris(Executive Officer, Director)
BoardJohn McIlwraith(Director)Scott Shane(Director)David Lambert(Director)
Fund performance · per public LP disclosures
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Ten Coves Capital III, L.P.LPs: Los Angeles County Employees Retirement Association | 2018 | — | 8.7% | 1.20x | 0.01x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Ten Coves Capital invest at?
- Ten Coves Capital invests at the Growth stage.
- What sectors does Ten Coves Capital focus on?
- Ten Coves Capital focuses on Fintech.
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