Our Investment Approach
Tenaya Capital backs high-growth technology companies that have commercialized a product and are seeking expansion capital. Our process incorporates thesis-driven investing, augmented by the partners’ experience and a collaborative decision-making approach.
We are long-term investors, and we seek to invest consistently across market cycles.
Stage
Our investments range from companies that are in the initial stages of revenue generation to companies seeking pre-IPO mezzanine capital. The majority of our investments are in the “mid-stage,” where companies are generating $1–5 million of revenue per quarter. We do not make seed or Series A investments.
Co-Investors
We believe that a strong investor syndicate is an important driver of a portfolio company’s success, and we concentrate our investments with a select group of the industry’s premier firms.
Sectors
We invest across technology sectors, including software, consumer Internet, IT infrastructure, communications and electronics.
Financing Role
We are typically the lead investor in the round of our initial investment.
Investment Size
Our typical initial investment is $5–10 million, with follow-on financings bringing the total investment to $10–15 million per company.
Geography
The majority of our investments are in the United States, but we make international investments on a selective basis.