Tenaya Capital
Venture capitalPalo Alto · Series A–Late Stage · 8 people tracked
Also known as TENAYA CAPITAL, LLC
Investment thesis
Tenaya Capital invests early-growth stage capital in exceptional entrepreneurs building technology companies. Its portfolio spans enterprise software, cloud infrastructure, cybersecurity, semiconductors, data infrastructure, marketing technology, healthcare IT, fintech, and consumer internet, with investments across North America and Asia (notably China and India).
Source: firm website, verified Aug 3, 2026.
Team · 8 people
from the firm's website & public directories
What they invest in
from 26 of 192 portfolio companiesEnterprise Software ×12AI & Machine Learning ×11SaaS ×11Data & Infrastructure ×7Cloud Computing ×6Marketing Tech ×6Cybersecurity ×5Developer Tools ×3
HQs:United States×25
Investments · 192 tracked
founders shown can be your intro pathNorthborough, US
Donald R. Young(Executive Officer, Director)Steven R. Mitchell(Director)George L. Gould(Executive Officer)Robert M. Gervis(Director)Gregg R. Landes(Executive Officer)Richard F. Reilly(Director)
Provider of prepaid financial services, and owns and operates the Green Dot Network, the largest cash reloading network in the United States.
Provo, US
Saturnino Fanlo(Director)William I. Jacobs(Director)J. Chris Brewster(Director)George Gresham(Executive Officer, Director)Robert Millard(Director)Jess Unruh(Executive Officer)
Health Catalyst provides data analytics, AI-powered insights, and healthcare solutions to help hospital systems and healthcare organizations improve clinical, financial, and operational outcomes.
AI & Machine LearningData & InfrastructureHealthtech
Lyft is an on-demand ridesharing platform that connects passengers with drivers for various ride types, including standard rides, premium options, and other transportation services.
MarketplacesMobility & Transportation
Logan Green(Founder)inJohn Zimmer(Founder)inDavid Risher(CEO)in
Global cybersecurity leader focused on the cloud.
Salt Security provides an AI-infused platform for protecting APIs and applications from security threats across discovery, posture management, and runtime protection.
AI & Machine LearningCybersecurityEnterprise SoftwareNew York City, US
Roey Eliyahu(Founder/CEO)Michael Nicosia(COO, Co-Founder)
BoardHaim Sadger(Director)
Board seatTom Banahan· per SEC Form D
Provides access processing semiconductors enabling the delivery of new services for the evolving communications network infrastructure.
Acquia provides digital experience platform software and services built around Drupal that enables enterprises to manage content, build websites and applications, and deliver experiences across multiple channels.
AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareMarketing TechSaaSBoston, US
Dries Buytaert(Co-Founder, Executive Chairman)Thomas N. Erickson(Chief Executive Officer, President)Michael Cayer(General Counsel and Secretary)Christine Komola(Director)Ravi Viswanathan(Director)Brian Paul(Director)
Developer of a proprietary, easy-to-use blanket form of aerogels with broad application to a variety of markets.
Cloud-based predictive marketing platform that helps marketers connect with the individual.
Provider of AI solutions for sales.
China-based chain of next-gen convenience stores powered by AI and IOT.
Provider of high performance all solid-state (SSD) SAN storage solutions.
Provider of an all-in-one HR platform.
Provider of all-in-one marketing software platform.
Open source software provider that develops, distributes, and supports the Apache Hadoop platform.
Building the most liquid marketplace for renting an apartment in the United States.
Leading provider of API security solutions to protect SaaS, web, mobile, microservices and IoT applications.
Software-as-a-Service provider of application performance management solutions that enable developers and operations teams to monitor, troubleshoot, and tune application performance.
Offers Asterisk® software free to the open source community and offers Switchvox IP PBX software for small, medium, and large businesses.
Pittsburgh, US
Paul Brian(Director)Ronald Bianchini, Jr.(Executive Officer, Director)John Dean(Director)Bill Chambers(Director)John W. Jarve(Director)Matthew D. Howard(Director)
Provider of Big Data Analytics Platform.
Austin, US
Robert Alvarez(Executive Officer)Lawrence Bohn(Director)Steven Murray(Director)Lorrie Norrington(Director)Wadih Machaalani(Director)Tim Schulz(Executive Officer)
Healthcare marketplace where dentists compete for patients based on price, quality, and convenience.
Provides broadband wireless access systems for service providers seeking to deliver high speed connectivity.
South Jordan, US
Ned May(Director)Brain Crofts(Director)Josh Harmsen(Director)Davis Bell(Executive Officer, Director)Ankit Sud(Director)Kurt Avarell(Executive Officer, Director, Promoter)
Develops and manufactures Carrier Ethernet Edge and Aggregation Systems for business services and mobile backhaul.
Provides CDN services and is a leader in creation of technologies that allow website operators and large enterprises to dramatically improve web performance.
A home shopping network that manages and operates TV home shopping channels targeting cable television viewers in China.
Leading online classifieds site in China.
Chinese travel web site that focuses on providing the most comprehensive and accurate information for travel services.
Clari, merged with Salesloft, provides an AI-powered system for revenue prediction and optimization serving enterprise customers.
AI & Machine LearningSaaSSales TechSunnyvale, US
Mark Gainey(Director)Venkat Rangan(Executive Officer, Director)Andy Byrne(Executive Officer, Director)Enrique Salem(Director)Ajay Agarwal(Director)Aaref Hilaly(Director)
Enable enterprises to securely adopt the cloud.
Provider of cloud-based business intelligence platform.
Cloud-based e-commerce platform for small and mid-sized merchants to sell products online.
Offers a fully automated cloud management platform, delivered as SaaS, which enables organizations to easily deploy and manage business critical applications across multiple clouds.
Provider of cloud-based software for tax and accounting professionals.
Cloud-based log management and analytics company.
Fidelis provides an extended detection and response (XDR) platform that combines endpoint security, network detection and response (NDR), endpoint detection and response (EDR), deception technology, and cloud-native application protection for enterprise threat detection and response.
Cloud ComputingCybersecurityEnterprise Software
Transforming how people buy and sell in communities all over the world.
The construction collaboration platform for the field.
Analyzes and correlates, via its Content Activation Platform (CAP), more than 400 million daily conversations and content views across 15,000 exclusive publishers.
Contract lifecycle management platform.
Provides customer reviews and social commerce solutions to retailers and brands, and also operates a product reviews and recommendation site for consumers.
Fund performance · per public LP disclosures · 4
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Tenaya Capital Fund VII, L.P.LPs: Pennsylvania Public School Employees' Retirement System, North Carolina Retirement Systems | 2015 | — | 16.4% | 2.59x | 0.45x |
| Tenaya Capital VI, L.P.LPs: North Carolina Retirement Systems, Pennsylvania Public School Employees' Retirement System | 2012 | — | 0.9% | 1.09x | 0.53x |
| Tenaya Capital Fund VLPs: North Carolina Retirement Systems | 2007 | — | 16.3% | 2.09x | 2.01x |
| Tenaya Capital V-P, L.P.LPs: Pennsylvania Public School Employees' Retirement System | 2007 | — | 17.5% | 2.18x | 2.09x |
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 Tenaya Capital invest at?
- Tenaya Capital invests at the Series A, Series B, Series C, Growth, Late Stage stages.
- What is Tenaya Capital's typical check size?
- Tenaya Capital typically writes checks of $5M – $10M.
- What sectors does Tenaya Capital focus on?
- Tenaya Capital focuses on AI & Machine Learning, Cleantech, Cloud Computing, Consumer, Cybersecurity, Data & Infrastructure, Digital Health, E-commerce, Energy, Enterprise Software, Fintech, Hardware, Healthtech, HR Tech, IoT, Marketing Tech, Media & Entertainment, New Materials, SaaS, Semiconductors.
- Where is Tenaya Capital located?
- Tenaya Capital is headquartered in Palo Alto, US.
Co-investors · 109
Sequoia Capital is a venture capital firm that partners with founders to build technology companies, with a strong current focus on artificial intelligence.
Greylock Partners is a venture capital firm that backs founders at the earliest stages, often as their first investor before a product exists.
Sapphire Ventures is a venture capital firm founded in 2011 that backs technology companies, offering operating support such as executive talent and customer introductions to its portfolio.
Andreessen Horowitz's Strategic Partnerships page describes collaborations that connect its portfolio companies with established institutions to help scale and deploy their technology.
Index Ventures is a venture capital firm that backs founders across the globe, investing in the people behind ideas from early through later stages.
Benchmark is a venture capital firm with offices in San Francisco and Woodside that invests in early-stage startups.
Felicis Ventures is an early-stage venture capital firm that has backed founders for over 20 years, leading or co-leading the majority of its investments across seed and Series A rounds.
Venrock is a venture capital firm investing across technology and healthcare, backing companies in fintech, developer infrastructure, life sciences, therapeutics, semiconductors, and consumer products.
Shasta Ventures is an early-stage venture capital firm that partners with founders building software, AI, and deep technology companies, providing capital, insight, and operating experience.
CapitalG is Alphabet's independent growth fund, investing in growth-stage consumer and enterprise technology companies and providing hands-on operational and strategic support drawn from Google's scaling experience.
August Capital is a venture capital firm that invests in a small number of companies, providing hands-on support to entrepreneurs building their businesses.
DAG Ventures is a mid-stage venture capital partnership with a service-oriented approach, supporting entrepreneurs and the early-stage VCs who backed them.
▶97 more co-investors
General CatalystGV (Google Ventures)Lightspeed Venture PartnersBain Capital VenturesKleiner PerkinsMenlo VenturesDCVC (Data Collective)IVP (Institutional Venture Partners)Battery VenturesMayfield FundMadrona Venture GroupUS Venture PartnersWingDell Technologies CapitalNewView CapitalWorkday VenturesNew Enterprise Associates (NEA)Redpoint VenturesInsight PartnersB Capital GroupTrue VenturesNorwest Venture PartnersUnion Square Ventures (USV)Scale Venture PartnersFlybridge Capital PartnersMeritech Capital PartnersRibbit CapitalParadigmNexus Venture PartnersBloomberg BetaTRANSFORMATION CAPITALS CapitalGSR VenturesElsewhere PartnersParkway Venture CapitalFour Rivers GroupBessemer Venture PartnersAccelAlumni VenturesNotable CapitalSV AngelSound VenturesBalderton CapitalRRE VenturesPrecursor VenturesAccel-KKRLookout VenturesEmergence Capital PartnersCanvas VenturesRidge VenturesHanabi CapitalThreshold VenturesUncorrelated VenturesCyberstartsHV CapitalRenegade PartnersDraper Fisher Jurvetson (DFJ)Pelion Venture PartnersCoinFundHyde Park Venture PartnersPolychain CapitalMucker CapitalPeak XV PartnersNyca PartnersKohlberg Kravis RobertsPropeller VCGraph VenturesThomvest VenturesDrive CapitalAZ-VCVerified CapitalGlobal Innovation FundWestWave CapitalSutter Hill VenturesNational Grid PartnersGutbrain VenturesLearn CapitalMVP VenturesHelion Venture PartnersRedpoint eventuresLiveOak Venture PartnersGranite AsiaMorgenthalerTwo Bear CapitalBaukunstAnkona Capital PartnersGeneration Investment ManagementCortical VenturesJefferiesGigafundNTT Venture CapitalInreach VenturesFireblocksAVentures CapitalD.E. ShawGarage Technology VenturesInkling, an Echo360 solution
Firms observed investing alongside Tenaya Capital, from public investor directories. Shared companies are the overlap with Tenaya Capital's recorded portfolio.
Similar investors
Everywhere Ventures is an early-stage venture firm that backs founders globally, supported by a community of founders and operators as LPs.
Alpha Edison is an investment firm that partners with entrepreneurs to build category-creating companies that open up new markets.
MPG Fund is an early-stage venture investor backing technology startups.
SBI Investment Korea is a Korean asset management firm within the SBI Group that operates venture capital and private equity funds, positioning itself as a 'New Industry Creator'.
ACT Venture Capital is an independent Irish venture capital firm that invests €1 million to €15 million in growth-stage private companies, with capacity for larger commitments through syndicated rounds.