Ten Coves Capital
Growth equityDarien · Growth
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 25, 2026.
What they invest in
from 6 of 9 portfolio companiesAI & Machine Learning ×4Fintech ×4SaaS ×4Enterprise Software ×2FoodTech ×2Cybersecurity ×1Healthtech ×1HR Tech ×1
HQs:United States×9
Investments · 9 tracked
founders shown can be your intro pathBy year:2026 · 22025 · 22024 · 26 dated
Point Predictive builds machine-learning fraud detection technology for lenders, using a consortium-based data approach to identify lending fraud.
AI & Machine LearningCybersecurityFintechSan Diego, US
Tim Grace(CEO & President)
Co-investorsMosaik Partners
Benefitbay is an end-to-end ICHRA (Individual Coverage Health Reimbursement Arrangement) administration platform that lets employers set contribution budgets and employees shop for and enroll in individual health plans while retaining group-plan tax advantages.
HealthtechHR TechInsurTechKansas City, US
Brandy Burch(Executive Officer, Director)Zach Andrew Harris(Executive Officer, Director)
BoardJohn McIlwraith(Director)Scott Shane(Director)inDavid Lambert(Director)
Co-investorsInvest NebraskaKCRise Fund
Alamo, US
Steve Berkowitz(Executive Officer, Director)Derek Watson(Executive Officer)Sean Thompson(Executive Officer)Alan Miegel(Executive Officer, Director)Sandra Leon(Executive Officer)Derek Schlicker(Executive Officer)
Canopy provides cloud-based, all-in-one practice management software for accounting firms, combining client management, CRM, document management, workflow, time and billing, engagements, and proposals with AI features.
AI & Machine LearningEnterprise SoftwareFintechSaaS
Co-investorsHigh AlphaNew Enterprise Associates (NEA)NewView CapitalNycaNyca PartnersAnkona Capital+5 more
Canopy is a cloud-native, all-in-one practice management platform for U.S. accounting, CPA, tax, and bookkeeping firms, combining client management, documents, billing, workflow, and communication in one login.
AI & Machine LearningFintechSaaSSouth Jordan, US
Kurt Avarell(Executive Officer, Director, Promoter)Davis Bell(Executive Officer, Director)
BoardNed May(Director)Josh Harmsen(Director)inAnkit Sud(Director)inChetan Puttagunta(Director)
Co-investorsAnkona CapitalTenaya CapitalNew Enterprise Associates (NEA)NewView CapitalPelion Venture PartnersPelion Ventures
Crunchtime provides restaurant operations management software for multi-unit and enterprise restaurant brands, covering inventory management, labor and scheduling, operations execution, learning and development, and kitchen management.
AI & Machine LearningEnterprise SoftwareFoodTechSaaSSan Francisco, US
Co-investorsBattery VenturesGolub GrowthDERIVE VENTURESOsage Venture PartnersSchooner Capital
New York, US
Hani Shabsigh(Executive Officer, Director)Maher Janajri(Executive Officer, Director)
BoardBen Nash(Director)
Co-investorsHealthy VenturesCollaborative FundCommerce VenturesFairviewVertical Venture Partners
MarginEdge builds a restaurant management platform that handles invoice processing, inventory, cost tracking, and accounting integrations for restaurant operators.
FintechFoodTechSaaSArlington, US
Roy Phillips(Co-founder, Client Services)Bo Davis(Co-founder & CEO)Brian Mills(Co-founder & CTO)Emma Whelan(Chief Financial Officer)Jess Finnefrock(Chief Operating Officer)Tara Clever(Chief Revenue Officer)
Co-investorsBranded Strategic HospitalityConnetic VenturesDERIVE VENTURESIrishAngelsSchooner CapitalOsage Venture Partners
Burlingame, US
Rajesh Bhat(Executive Officer, Director)
BoardHarry Cheung(Director)
Co-investorsMouro CapitalPoint72 VenturesCota Capital
Portfolio news
latest coverage across their companiesMarginEdge · pulse2.com · Aug 21, 2026
Crunchtime · restauranttechnologynews.com · Aug 13, 2026
Canopy · x.com · Aug 8, 2026
Benefitbay · fundraiseinsider.com · May 28, 2026
Inbox · inboxhealth.com · Sep 15, 2025
BetterComp · startuphub.ai · Jul 22, 2025
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.
- Where is Ten Coves Capital located?
- Ten Coves Capital is headquartered in Darien, US.
Images
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