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Investor profile

Tenaya Capital

Venture Capital · Founded 2009 · Palo Alto, United States

US based VC focused on early growth stage tech companies

101 portfolio companies Venture Capital · $6.7B invested · 178 investments · Investor rank #427 · Last investment 4/2025
Portfolio companies 101 ↑ 46% 5y
Decacorns 0
Thoroughbreds 29 ↑ 47% 5y
01 · Biggest holdings

Tenaya Capital’s biggest current holdings.

The most valuable companies Tenaya Capital still holds — unicorns and thoroughbreds it has backed, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Where a cap table names Tenaya Capital directly, the stake and its estimated value are shown too.

#CompanyEst. stakeValuationEst. value
  1. 1 FireblocksUnicorn · Security · USA 4.5% $8.0B $360M
  2. 2 Lyra HealthUnicorn · Health · USA $5.8B
  3. 3 BetterUPUnicorn · Education · USA $4.7B
  4. 4 ClariUnicorn · Marketing · USA $2.6B
  5. 5 DruvaUnicorn · Security · USA 6.5% $2.0B $130M
  6. 6 BianlifengUnicorn · Food · China 10.3% $1.6B $165M
  7. 7 GupShupUnicorn · Marketing · USA $1.4B
  8. 8 Salt SecurityUnicorn · Security · USA $1.4B
  9. 9 TealiumUnicorn · Marketing · USA $1.2B
  10. 10 SilkSecurity · USA $220M
  11. 11 CareCloudHealth · USA $152M

Estimated value = Tenaya Capital’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Tenaya Capital also appears inside investor groups in GupShup, Lyra Health, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

02 · Exits

Tenaya Capital’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Tenaya Capital’s transaction record.

$24B IPO · 2019
Entered Series B+Now $6.1BTransportation
$759M IPO · 2014
Now $9.4BMarketing
$7.8B acquisition · 2025
Entered Series ASecurity
$659M IPO · 2014
Entered Series B+Now $5.2BEnterprise Software
$1.4B IPO · 2014
Entered Series B+Now $5.1BEnterprise Software
Qunar
$167M IPO · 2013
Entered Series B+Now $4.4BTravel
Attendo
IPO · 2015
Entered Series B+Now $3.7BHealth
IPO · 2012
Entered Series B+Now $3.0BSecurity
$2.2B IPO · 2020
Entered Series B+Now $1.2BSecurity
$1.8B acquisition · 2012
Travel
$1.8B IPO · 2018
Entered Series B+Now $226MEvent Tech
$1.6B IPO · 2020
Entered Series B+Now $242MFintech
03 · Portfolio analysis

Where Tenaya Capital’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 101 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA115
  2. China7
  3. Germany2
  4. Indonesia2
  5. Israel2
  6. Ireland1
  7. Sweden1
  8. UAE1
By sectorCount
  1. Enterprise Software52
  2. Marketing20
  3. Telecom17
  4. Security16
  5. Health10
  6. Fintech8
  7. Media8
  8. Travel6
  9. Education5
  10. Transportation5
  11. Fashion4
  12. Food3
By stage enteredCount
  1. Series B+91
  2. Series A10
By growth stageCount
  1. Breakout Stage62
  2. Late Growth60
  3. Early Growth7
  4. Mature2
04 · Portfolio market map

Inside Tenaya Capital’s portfolio.

The 60 highest-funded portfolio companies, of 101 tracked.

Lyft
Transportation · Unicorn
$6.1B
Armis
Security · Unicorn
$7.8B
Fireblocks
Security · Unicorn
$8.0B
Lyra Health
Health · Unicorn
$5.8B
Bianlifeng
Food · Unicorn
$1.6B
Qunar
Travel · Unicorn
$4.4B
BetterUP
Education · Unicorn
$4.7B
GupShup
Marketing · Unicorn
$1.4B
Clari
Marketing · Unicorn
$2.6B
Druva
Security · Unicorn
$2.0B
Eventbrite
Event Tech
$226M
Wag
Home Living
$14M
Sumo Logic
Security · Unicorn
$1.2B
Silk
Security
$220M
Noah
Marketing
$138M
Salt Security
Security · Unicorn
$1.4B
Tealium
Marketing · Unicorn
$1.2B
Hortonworks
Enterprise Software · Unicorn
$5.2B
Canopy
Fintech
$280M
Kayak
Travel · Unicorn
$1.8B
Zuora
Fintech · Unicorn
$1.4B
Health Catalyst
Health
$194M
Doctor on Demand
Health
$300M
Rival
Jobs Recruitment
$56M
Smartling
Enterprise Software
$100M
BigCommerce
Fintech
$242M
Namely
Enterprise Software
$240M
New Relic
Enterprise Software · Unicorn
$5.1B
Lithium Technologies
Media
$200M
Optimizely
Marketing
$200M
Meru Networks
Security
$44M
MarkLogic
Enterprise Software · Unicorn
$1.1B
Acquia
Enterprise Software · Unicorn
$1.0B
Aspen Aerogels
Energy
$491M
Lashou.com
Telecom · Unicorn
$1.2B
Apartment List
Real Estate
$600M
Tolerx
Health
$6.0M
Instart Logic
Marketing
$36M
CareCloud
Health
$152M
GoodData
Fintech
$58M
Lola
Health
$96M
Spiceworks
Media
$228M
ThousandEyes
Telecom · Unicorn
$1.0B
Overture Networks
Telecom
$69M
Skyhigh Networks
Security
$160M
Tidemark
Fintech
$100M
Evident.io
Security
$300M
Zappos
Fashion
$928M
Airware
Robotics
Domio
Travel
$320M
Hubspot
Marketing · Unicorn
$9.4B
LifeSize
Telecom
$70M
Cyan
Telecom
$15M
Avere Systems
Security
$70M
Platfora
Event Tech
$120M
Inkling Systems
Media
$100M
TaniHub
Food
$218M
Wheels
Transportation
$26M
Isilon Systems
Enterprise Software · Unicorn
$2.3B
CloudPassage
Security
$144M
05 · Portfolio founders

Where Tenaya Capital’s portfolio founders come from.

128 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States84
  2. China11
  3. Israel9
  4. Germany3
  5. Indonesia3
  6. Cuba2
  7. United Kingdom2
  8. Argentina1
  9. Canada1
  10. India1
UniversityCount
  1. Massachusetts Institute of Technology6
  2. Dartmouth College5
  3. Indian Institute of Technology Bombay4
  4. Stanford University Graduate School of Business4
  5. Technion Israel Institute of Technology4
  6. Ben-Gurion University of the Negev3
  7. University of Washington3
  8. Columbia Business School2
  9. Cornell University2
  10. Harvard University2
Previous companyCount
  1. Sunopsis6
  2. Tangosol6
  3. Alphabet | Google4
  4. Apple4
  5. BofA Securities3
  6. HP Enterprise3
  7. Intelius3
  8. Oracle3
  9. Adallom2
  10. Boston Consulting Group2
07 · Key people

Key people at Tenaya Capital.

Source: Dealroom next-gen API — investor team endpoint.