About Tenaya Capital
Tenaya Capital is a venture capital firm founded in 1995. It is primarily based out of Palo Alto, United States. As of Apr 2025, Tenaya Capital has invested in 128 companies. It primarily invests in Series C round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Enterprise Infrastructure and Consumer. Most recently it participated in the $***** Series C round of Canopy Overall, Tenaya Capital portfolio has seen 8 unicorns, 8 IPOs and 81 acquisitions including key companies like Lyft, HubSpot and Kayak. A lot of funds co-invest with Tenaya Capital, with names like DAG Ventures sharing a substantial percentage of its portfolio. Tenaya Capital has team of 6 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series C, Series B & 4 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Tenaya Capital's List of Top Investments
Tenaya Capital has a portfolio of 128 companies, including 8 unicorns. Their most notable investments are in Numerify and Smartling.Their portfolio spans across United States, China, Israel and 4 more locations. They have invested in Enterprise Applications, Enterprise Infrastructure, Consumer and 26 other sectors, across stages such as Series C, Series B and 4 more. Here is the list of top investments by Tenaya Capital:1. Lyft
Network facilitating on-demand transportation and ride scheduling services for individuals. It provides options for immediate rides, scheduled pickups, and various vehicle types. The network offers programs for business transportation needs. It also focuses on safety measures and community support initiatives.
Key facts about Lyft
- Founded Year: 2007
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $5.02B
- Employee Count: 3,913 as on Dec 31, 2025
- Investors: HTIF, SeedFord Partners and 161 Others
- Latest Funding Round: Series I, Aug 06, 2018, $*****
- Highlight: Public
2. HubSpot
Provider of a platform offering marketing, sales, and customer service software. The platform provides tools for marketing automation, sales management, and customer support. It offers an CRM as its core, integrating various hubs such as Marketing Hub, Sales Hub, Service Hub, CMS Hub, Operations Hub, and Commerce Hub, each providing specialized tools to enhance different aspects of customer management and business operations. Key features include a robust CRM supporting contact and deal management, email tracking, marketing email creation, and meeting scheduling.
Key facts about HubSpot
- Founded Year: 2005
- Location: Cambridge (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $101M
- Employee Count: 15,513 as on Aug 31, 2026
- Investors: Cross Creek, Fidelity Investments and 22 Others
- Latest Funding Round: Post IPO, Jun 02, 2020, $*****
- Highlight: Public
3. Kayak
Kayak is an online metasearch platform for travel services. It scans numerous travel websites for information on flights, hotels, car hires and holiday deals, in order to facilitate travel service comparison, selection and bookings for travellers. It operates across multiple locations like Sao Paulo, Miami, Taipei and Copenhagen.
Key facts about Kayak
- Founded Year: 2004
- Location: Norwalk (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2012
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $223M
- Employee Count: 1,122 as on Aug 31, 2026
- Investors: Sprout Capital Partners, Tenaya Capital and 12 Others
- Latest Funding Round: Series D, Dec 21, 2007, $*****
- Highlight: Acquired
Provider of cybersecurity platforms, threat intelligence, and incident response services. The business delivers network and cloud security, along with security operations platforms. It offers threat intelligence and incident response to guide before, during, and after incidents. The business provides solutions to secure networks, clouds, and applications.
Key facts about Palo Alto Networks
- Founded Year: 2005
- Location: Santa Clara (United States)
- Annual Revenue: $1B+ as on Jul 31, 2025
- Stage: Public
- Total Funding till date: $65.7M
- Employee Count: 23,577 as on Aug 31, 2026
- Investors: Icon Ventures, Northgate Capital and 28 Others
- Latest Funding Round: Post IPO, Aug 15, 2018, $*****
- Highlight: Public
5. Eventbrite
Provider of a platform for creating, sharing, finding, and attending events. The platform enables users to organize various gatherings. It supports a range of event types, from music festivals to community meetings.
Key facts about Eventbrite
- Founded Year: 2006
- Location: San Francisco (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $349M
- Employee Count: 918 as on Aug 31, 2026
- Investors: Western Technology Investment, T. Rowe Price and 24 Others
- Latest Funding Round: Post IPO, Mar 08, 2021, $*****
- Highlight: Acquired
Tenaya Capital's Year-on-Year Investment Trends
Tenaya Capital has invested in 128 companies over the last 25 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Salt Security and most recent follow-on round was in Canopy.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 0 | 2 | 2 |
2023 | 0 | 0 | 0 |
2022 | 0 | 2 | 2 |
2021 | 0 | 9 | 9 |
2020 | 3 | 5 | 8 |
2019 | 6 | 7 | 13 |
2018 | 11 | 4 | 15 |
2017 | 5 | 4 | 9 |
Tenaya Capital's Investments by Stage
Tenaya Capital is primarily an Late Stage Investor investor majorly investing in Series C (38) rounds where average round size is $1.01B, Series B (28) rounds where average round size is $736M and Series A (10) rounds where average round size is $176M.Stage of entry | No. of Investments |
|---|---|
Series C | 38 |
Series B | 28 |
Series A | 10 |
Series D | 7 |
Series E | 4 |
Others | 1 |
Note: We have considered here, only first round of investments
Tenaya Capital's Investments by Sector
Tenaya Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, Consumer, Vertical SaaS and FinTech. Notably, it has invested in 122 Tech companies, 97 Enterprise (B2B) companies, 88 Software companies and at least 67 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 63 |
Enterprise Infrastructure | 29 |
Consumer | 17 |
Vertical SaaS | 16 |
FinTech | 7 |
Others | 64 |
Note: We have considered here, only first round of investments
Tenaya Capital's Investments by Geography
Tenaya Capital has made most investments in United States (77), followed by Israel where it has made 4 investments.Country | No. of Investments |
|---|---|
United States | 77 |
Israel | 4 |
China | 3 |
Germany | 2 |
India | 2 |
Others | 2 |
Note: We have considered here, only first round of investments
Tenaya Capital's recent investments
Tenaya Capital has not made any investment in 2026 so far.Here are the most recent investments by Tenaya Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 23, 2025 | United States | Series C | 1667 | ||
Jul 30, 2024 | Indonesia | Series B | 7173 | ||
May 09, 2024 | United States | Series C | 9394 | [+3] | |
Jan 20, 2022 | United States | Series D | 2460 | [+6] | |
Jan 19, 2022 | United States | Series F | 3014 | [+10] |
Unicorns in Tenaya Capital's Portfolio
Tenaya Capital has 8 unicorns in its portfolio - Salt Security, Fireblocks, Clari and others. The most recent unicorn in their portfolio is Salt Security. It became a unicorn in 2022, 1 years after Tenaya Capital first invested in it.Here is a list of unicorns in Tenaya Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
62 | AI based API security software | 2016 | Palo Alto | Series D | fbzuand | ||
75 | Provider of an online platform for crypto custody, payments, tokenization, and wallet-as-a-service | 2018 | New York | Series E | flu{fby | ||
73 | Developer of a predictive revenue platform for managing sales pipelines | 2013 | Sunnyvale | Series F | hczknhr | ||
67 | Provider of an AI-powered platform delivering personalized coaching and development | 2013 | Austin | Series E | nqqdulj | ||
65 | Customer data management and orchestration platform | 2008 | San Diego | Series G | iyjafmr |
IPOs and Publicly Listed companies in Tenaya Capital's Portfolio
8 of Tenaya Capital's portfolio companies have become public. Wag! got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Nov 2021 and BigCommerce got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $1.46B.Here are Tenaya Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 04, 2021 | - | - | 5991 | |
Aug 05, 2020 | Jun 07, 2017 | Series E | 9529 | |
Jul 25, 2019 | Mar 26, 2015 | Series D | 5071 | |
Mar 29, 2019 | - | - | 8133 | |
Oct 10, 2014 | - | - | 9854 |
Acquired companies in Tenaya Capital's Portfolio
81 companies from Tenaya Capital's portfolio have been acquired. The most recent acquisition was Armis in Dec 2025 by ServiceNow for $*****.Here are Tenaya Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 23, 2025 | Jun 05, 2017 | Series A | 5538 | |
Dec 02, 2025 | Oct 06, 2010 | Series D | 6201 | |
Nov 24, 2025 | - | - | 4910 | |
Sep 17, 2025 | May 22, 2018 | Series B | 6685 | |
May 27, 2025 | Jul 07, 2010 | Series C | 9321 |
Team profile of Tenaya Capital
Tenaya Capital has a team of 6 members including 4 Partners and 2 Principals located in United States. Tenaya Capital's team sits on the board of 4 companies.Here is a list of all team members in Tenaya Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Redwood City | |||
Partner | Park City | |||
Partner | Waltham | |||
Partner | Portola Valley | - | ||
Partner | Portola Valley | - | ||
Principal | United States | - | ||
Principal | United States | - |
Co-investors of Tenaya Capital
Over the past 25 years, 573 investors have co-invested in Tenaya Capital's portfolio companies. This includes funds and angels.
- Invested before Tenaya Capital: Sequoia Capital, Benchmark and 238 others have invested in rounds before Tenaya Capital. There are 18 companies where Sequoia Capital has invested before Tenaya Capital and 11 companies where Benchmark has invested before Tenaya Capital.
- Top Co-investors of Tenaya Capital: 112 investors entered a company along with Tenaya Capital. These include investors like DAG Ventures (6 companies).
- Invested after Tenaya Capital: A total of 221 investors have invested in Tenaya Capital's portfolio after their investments. Top Investors include Four Rivers Group (6 companies), Goldman Sachs (5 companies) and SVB (5 companies).
Recent News related to Tenaya Capital
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Canopy Raises $70 Million Series C to Accelerate AI-Powered Accounting TransformationTechBuzz•Apr 24, 2025•Canopy, Viking Global Investors, Ten Coves Capital, Ankona Capital and 2 others
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Canopy raises $35M in new funding roundUtahbusiness•May 10, 2024•Canopy, Ten Coves Capital, Ankona Capital, Pelion Venture Partners and 2 others
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Canopy Raises $35 Million Series B2 InvestmentTechBuzz•May 10, 2024•Canopy, Ten Coves Capital, Pelion Venture Partners, Ankona Capital and 3 others
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Salt Security reaches $1.4 billion valuation in $140 million Series DCTech•Feb 10, 2022•Salt Security, CapitalG, Sequoia Capital, Y Combinator and 8 others
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Clari Raises $225M in Series F FundingFinSMEs•Jan 19, 2022•Clari, Blackstone, Silver Lake, Light Street Capital and 10 others
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Canopy Raises $35M in Series BB FundingFinSMEs•Dec 08, 2021•Canopy, Ten Coves Capital, NewView Capital, Pelion Venture Partners and 2 others
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Clari Secures Workday as Strategic Investor and PartnerPR Newswire•Jul 15, 2021•Clari, Workday, Silver Lake, B Capital and 9 others
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Canopy: Raises $11M in FundingFintechinshorts•Jul 06, 2021•Canopy, Ankona Capital, NewView Capital, Tenaya Capital and 1 other
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Salt Security raises $70 million, completes third funding round in less than a yearCTech•May 26, 2021•Salt Security, Advent International, Alkeon Capital Management, DFJ Growth and 4 others
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Indonesian agritech platform TaniHub Group harvests a $65.5M Series B roundTechCrunch+•May 21, 2021•TaniHub, MDI Ventures, Openspace Ventures, Intudo Ventures and 10 others
