# Tenaya Capital: portfolio, investments and team

> Tenaya Capital is a vc firm based in United States. 124 investments on record, latest Dec 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/tenaya-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Tenaya Capital

Last cheque observed Dec 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet New fund, Aug 2014 VC firm

Seed Series A Series B Subscription Collaboration Tools Recurring

Follow Tenaya Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ftenaya-capital)

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 124 on record

Since the last cheque **2510** days **00** hrs **00** min **00** sec

Median round **$36M** Rounds led **2 of 124** Sole investor **2 rounds** Exits **11 from the portfolio** Mostly in **United States, 97%**

Pitch Tenaya Capital

## Tenaya Capital highlights

- 01 124 rounds on record
- 02 Mostly Series C and Series D: 61% of its rounds
- 03 Sole investor in 2 rounds, median $13M
- 04 11 exits from the portfolio

## What they do

> Exceptional entrepreneurs building enduring companies From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Up to $30M as they say
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Subscription Collaboration Tools Recurring
- **Based in:** Palo Alto, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **124 appearances**

- **2019** 13 rounds
- **Dec** **[Domio](https://millionrounds.com/company/domio)** Series B · US · TechCrunch **$50M** With 8 others
- **Dec** **[Canopy](https://millionrounds.com/company/canopy)** US · FinSMEs **$13M** With 2 others
- **Nov** **[Wrench](https://millionrounds.com/company/wrench)** US · TechCrunch **$20M** With 3 others
- **Oct** **[Clari](https://millionrounds.com/company/clari)** Series D · US · FinSMEs **$60M** With 4 others
- **Jun** **[Druva](https://millionrounds.com/company/druva)** US · FinSMEs **$130M** With 5 others
- **Jun** **[BetterUp](https://millionrounds.com/company/betterup)** Series C · US · FinSMEs **$103M** With 5 others
- **Jun** **[Fireblocks](https://millionrounds.com/company/fireblocks)** Series A · IL · FinSMEs **$16M** With 4 others
- **Apr** **[Armis](https://millionrounds.com/company/armis)** Series C · US · FinSMEs **$65M** With 5 others
- **Apr** **[Squelch](https://millionrounds.com/company/squelch)** US · FinSMEs **$12M** With 2 others
- **Mar** **[Lola.com](https://millionrounds.com/company/lola-com)** Series C · US · FinSMEs **$37M** With 4 others
- **Mar** **[LeanData](https://millionrounds.com/company/leandata)** Series C · US · FinSMEs **$28M** *Led*
- **Feb** **[ThousandEyes](https://millionrounds.com/company/thousandeyes)** Series D · US · Crunchbase News **$50M** *Led*
- **Jan** **[Wheels](https://millionrounds.com/company/wheels)** Series A · US · FinSMEs **$37M** With 4 others
- **2018** 7 rounds
- **Dec** **[Crew](https://millionrounds.com/company/crew)** Series C · US · FinSMEs **$35M** With 5 others
- **Oct** **[Numerify](https://millionrounds.com/company/numerify)** Series D · US · FinSMEs **$28M** With 4 others
- **May** **[Lyra Health](https://millionrounds.com/company/lyra-health)** Series B · US · FinSMEs **$45M** With 6 others
- **Apr** **[BigCommerce](https://millionrounds.com/company/bigcommerce)** US · FinSMEs **$64M** With 2 others
- **Apr** **[Doctor on Demand](https://millionrounds.com/company/doctor-on-demand)** Series C · US · FinSMEs **$74M** With 8 others
- **Apr** **[Armis](https://millionrounds.com/company/armis)** Series B · US · FinSMEs **$30M** With 2 others
- **Jan** **[Aparment List](https://millionrounds.com/company/aparment-list)** Series C · US · FinSMEs **$50M** With 7 others
- **2017** 5 rounds
- **Oct** **[TruSignal](https://millionrounds.com/company/trusignal)** Series A · US · FinSMEs **$5.0M** With 2 others
- **Aug** **[Druva](https://millionrounds.com/company/druva)** US · FinSMEs **$80M** With 2 others
- **Jun** **[Armis](https://millionrounds.com/company/armis)** US · FinSMEs **$17M** With 4 others
- **Mar** **[Avere Systems](https://millionrounds.com/company/avere-systems)** Series E · US · FinSMEs **$14M** With 5 others
- **Feb** **[Plays.tv](https://millionrounds.com/company/plays-tv)** Series A · US · FinSMEs **$15M** With 7 others
- **2016** 1 round
- **Mar** **[Apartment List](https://millionrounds.com/company/apartment-list)** **$30M** With 19 others
- **2015** 15 rounds
- **Nov** **[PlanGrid](https://millionrounds.com/company/plangrid)** Series B · US **$40M** With 4 others
- **Oct** **[Numerify](https://millionrounds.com/company/numerify)** Series C · US **$38M** With 4 others
- **Oct** **[Optimizely](https://millionrounds.com/company/optimizely)** Series C · US **$58M** With 10 others
- **Sept** **[Base CRM](https://millionrounds.com/company/base-crm)** Series C · US **$30M** With 6 others
- **Aug** **[CloudPassage](https://millionrounds.com/company/cloudpassage)** Series D · US **$36M** With 6 others
- **Aug** **[Kahuna](https://millionrounds.com/company/kahuna)** Series B · US **$45M** With 11 others
- **Jul** **[Doctor on Demand](https://millionrounds.com/company/doctor-on-demand)** Series B · US **$63M** With 12 others
- **Jun** **[Sumo Logic](https://millionrounds.com/company/sumo-logic)** Series E · US **$80M** With 7 others
- **May** **[Instart Logic](https://millionrounds.com/company/instart-logic)** Venture · US **$43M** With 4 others
- **May** **[MarkLogic](https://millionrounds.com/company/marklogic)** Series F · US **$102M** With 5 others
- **May** **[Inkling Systems](https://millionrounds.com/company/inkling-systems)** Series D · US **$15M** With 6 others
- **Feb** **[Sols](https://millionrounds.com/company/sols)** Series B · US **$11M** With 3 others
- **Feb** **[Tealium](https://millionrounds.com/company/tealium)** Series D · US **$31M** With 4 others
- **Feb** **[Revinate](https://millionrounds.com/company/revinate)** Series B · US **$15M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **6 named**

BA **Benjamin Adam Boyer** A Manager of the General Partner i Filing they signed

BG **Brian Geoffrey Melton** A Manager of the General Partner i Filing they signed

BK **Brian Keith Paul** A Manager of the General Partner i Filing they signed

ME **Markland Eugene David** CFO & Administrative Partner i Form ADV

SA **Stewart Alan Gollmer** A Manager of the General Partner i Filing they signed

TE **Thomas E. Banahan** A Manager of the General Partner i Filing they signed

We also hold **20** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$1.4B** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Tenaya Capital, LLC
- **SEC number:** CRD 162804

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 1 we have independently watched raise

a FINE

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **11 in all**

**[Avere Systems](https://millionrounds.com/company/avere-systems)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **Undisclosed** Jan 2018

**[Blue Box](https://millionrounds.com/company/blue-box)** Bought by [IBM (International Business Machines)](https://millionrounds.com/fund/ibm-international-business-machines) **Undisclosed** Jun 2015

**[Meru Networks](https://millionrounds.com/company/meru-networks)** Bought by [Fortinet](https://millionrounds.com/fund/fortinet) **$44M** May 2015

**[Cyan](https://millionrounds.com/company/cyan)** Bought by [Ciena](https://millionrounds.com/fund/ciena) **$400M** May 2015

**[Kontera](https://millionrounds.com/company/kontera)** Bought by Amobee **$150M** Jun 2014

**[PowerReviews](https://millionrounds.com/company/powerreviews)** Bought by Viewpoints **$30M** Jun 2014

**[VideoIQ](https://millionrounds.com/company/videoiq)** Bought by Avigilon Corporation **$32M** Dec 2013

**[PowerReviews](https://millionrounds.com/company/powerreviews)** Bought by Bazaarvoice **$151M** May 2012

**[Ubicom](https://millionrounds.com/company/ubicom)** Bought by [Qualcomm Incorporated](https://millionrounds.com/fund/qualcomm-incorporated) **Undisclosed** Mar 2012

**[Cotendo](https://millionrounds.com/company/cotendo)** Bought by [Akamai Technologies](https://millionrounds.com/fund/akamai-technologies) **$268M** Nov 2011

**[Meru Networks](https://millionrounds.com/company/meru-networks)** Listed **Undisclosed** Mar 2010

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**Raised**

a new fund in Aug 2014

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$36M** the round, not its cheque Alone, median **$13M**

Led 2 of 124 rounds **2%**

- **Said size:** Up to $30M
- **Sole investor:** 2 rounds
- **Last cheque:** Dec 2019
- **Exits:** 11 from the portfolio

Rounds by stage said on their site

- Series C *43*
- Series D *23*
- Series B said *20*
- Series E *15*
- Venture *8*
- Seed said *-*
- Series A said *-*

Cheques by year Led Joined

2007 2019

Often in the room with

- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 28
- [Benchmark](https://millionrounds.com/fund/benchmark) 22
- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 13
- [Greylock](https://millionrounds.com/fund/greylock-partners) 12
- [Shasta Ventures](https://millionrounds.com/fund/shasta-ventures) 12
- [Index Ventures](https://millionrounds.com/fund/index-ventures) 9

**Pitching Tenaya Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Tenaya Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Sequoia Capital** VC firm **28** rounds together](https://millionrounds.com/fund/sequoia-capital)[**Benchmark** VC firm **22** rounds together](https://millionrounds.com/fund/benchmark)[**Andreessen Horowitz** VC firm **13** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Greylock** VC firm **12** rounds together](https://millionrounds.com/fund/greylock-partners)[**Shasta Ventures** VC firm **12** rounds together](https://millionrounds.com/fund/shasta-ventures)[**Index Ventures** VC firm **9** rounds together](https://millionrounds.com/fund/index-ventures)[**Norwest Venture Partners** VC firm **8** rounds together](https://millionrounds.com/fund/norwest)[**Redpoint** VC firm **8** rounds together](https://millionrounds.com/fund/redpoint)[**DAG Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/dag-ventures)[**Felicis** VC firm **7** rounds together](https://millionrounds.com/fund/felicis-ventures)[**Four Rivers Group** VC firm **7** rounds together](https://millionrounds.com/fund/four-rivers-group)[**Intel Capital** Corporate VC **7** rounds together](https://millionrounds.com/fund/intel-capital)

## Recently backed

The latest companies Tenaya Capital put money into.

[**Wrench** $20M · Nov 2019](https://millionrounds.com/company/wrench)[**Clari** $60M · Oct 2019](https://millionrounds.com/company/clari)[**Druva** $130M · Jun 2019](https://millionrounds.com/company/druva)[**BetterUp** $103M · Jun 2019](https://millionrounds.com/company/betterup)[**Squelch** $12M · Apr 2019](https://millionrounds.com/company/squelch)[**Lola.com** $37M · Mar 2019](https://millionrounds.com/company/lola-com)

## Quick answers about Tenaya Capital

### What does Tenaya Capital invest in?

Tenaya Capital invests most often at Series C and Series D (61% of the rounds on record), in sectors such as Subscription, Collaboration Tools and Recurring.

### How active is Tenaya Capital?

124 investments on record, 0 of them in the last 12 months, and it led 2. The most recent was in Dec 2019.

### What has Tenaya Capital invested in recently?

Its most recent investments on record: Domio (Series B, Dec 2019), Canopy (Undisclosed round, Dec 2019) and Wrench (Undisclosed round, Nov 2019).

### How big are Tenaya Capital's cheques?

The median round it joins is $36M.

### Does Tenaya Capital lead rounds?

Sometimes: it led 2 of its 124 investments on record (2%).

### Where does Tenaya Capital invest?

Most of the companies it backs are in the United States (97%).

### Is Tenaya Capital investing now?

No investments in the last 12 months; the latest was in Dec 2019.

### Who does Tenaya Capital invest alongside?

Most often Sequoia Capital (28 rounds together), Benchmark (22 rounds together) and Andreessen Horowitz (13 rounds together).

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