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    Tenaya Capital

    Portola Valley, California, United StatesFounded 1995

    Tenaya Capital is a venture capital firm that invests in early-growth stage, venture-backed technology companies, typically at Series B and Series C. Founded in 1995 as the venture capital arm of Lehman Brothers, it spun out as an independent firm in 2009 and is based in Portola Valley, California.

    Average disclosed round size is $48.6M (across 84 rounds with reported amounts).

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    Portfolio

    67

    Fund Size

    $450M

    Top Stage

    Series C

    Last 12 Mo

    0

    Team

    Ben Boyer

    Ben Boyer

    Partner

    Brian Melton

    Brian Melton

    Partner

    Brian Paul

    Brian Paul

    Partner

    Dave Markland

    Dave Markland

    Chief Financial Officer & Administrative Partner

    Stewart Gollmer

    Stewart Gollmer

    Partner

    Tom Banahan

    Tom Banahan

    Partner

    Michelle Elston

    Michelle Elston

    Vice President, Administration

    Tina Wang

    Tina Wang

    Vice President, Finance

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    89 investments
    CompanyRoundAmountDate
    Canopy logoCanopySeries C$70MJan 2024
    Canopy logoCanopySeries C$70MJan 2024
    Canopy logoCanopySeries C$70MJan 2024
    Salt Security logoSalt SecuritySeries D$140MFeb 2022
    Salt logoSaltSeries D$140MFeb 2022
    Castiron logoCastironSeed$6MJan 2022
    CCanopy TaxUnknown$35MDec 2021
    Salt Security logoSalt SecuritySeries C$70MMay 2021
    Fireblocks logoFireblocksSeries C$133MMar 2021
    Clari logoClariSeries E$150MMar 2021
    CCanopy TaxSeries C$11MJan 2021
    Wrench logoWrenchSeries B$20MNov 2019
    Clari logoClariSeries D$60MOct 2019
    Druva logoDruvaGrowth$130MJun 2019
    Betterup logoBetterupSeries C$103MJun 2019
    Armis logoArmisSeries C$65MApr 2019
    Lola logoLolaSeries C$37MMar 2019
    LeanData logoLeanDataSeries C$27.5MMar 2019
    Wheels logoWheelsSeries BJan 2019
    Domio logoDomioSeries B$50MJan 2019
    Crew logoCrewSeries C$35MDec 2018
    Namely logoNamelySeries C$60MAug 2018
    Doctor on Demand logoDoctor on DemandGrowth$74MApr 2018
    Bigcommerce logoBigcommerceGrowth$64MApr 2018
    Doctor on Demand logoDoctor on DemandSeries C$74MApr 2018
    Page 1 of 4

    Top Co-Investors

    Last updated: 9 September 2026