# Tenax Capital

> Tenax Capital is a VC fund in London backing Water, Finance and Software. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: London, United Kingdom
- Total investments: 4
- Last investment: Jun 2026
- Lead investor: 50%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/tenax-capital
- Website: http://www.tenaxcapital.com

Tenax Capital is a VC fund in London focused on Water and Finance. Tenax Capital operates as a boutique asset management firm. Tenax Capital was co-founded by Massimo Figna, with the successful launch of the Tenax Financials Fund. In April 2012, the firm initiated its second strategy, the Tenax Credit Opportunities Fund, which was established to invest in and provide credit to non-financial European borrowers.Both funds are supported by robust and comprehensive structures that have been examined and validated by numerous third party investors and Central Banks.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Water | 1 | 25% |
| Finance | 1 | 25% |
| Software | 1 | 25% |
| Aerospace | 1 | 25% |
| Venture Capital | 1 | 25% |

9 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 3 | 75% |
| Private Equity | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Koinos Capital | Koinos Capital is a private equity firm that invests in early-stage ventures. |  | Debt Financing | Jun 10, 2026 |  |
| LMA srl - Aerospace Technology | LMA provides high-precision mechanical processes for aeronautics and aerospace. It operates in precision mechanics for civil and military aeronautical, helicopter, and expanding aerospace sectors. |  | Debt Financing | Apr 21, 2026 |  |
| Maniva | Mount Maniva imparts a number of distinct properties to the water that bears its name, including alkalinity, cleanliness, and lightness. Pure mineral alkaline ph8 water gushes from Mount Maniva's center. | $6M | Debt Financing | Jun 23, 2021 |  |
| Maticmind S.p.A | Maticmind S.p.A is a company that provides ICT and system integration solutions to telecommunications operators. |  | Private Equity | Aug 03, 2020 |  |

4 of 4 investments shown.

## Co-investors
- [Annthillia Capital Partners](https://shizune.co/investors/profile/annthillia-capital-partners) — VC Fund, 1 deal together
- Banca Ifis — VC Fund, 1 deal together
- Fondo Italiano d'Investimento — VC Fund, 1 deal together
- [Green Arrow Capital](https://shizune.co/investors/profile/quadrivio-sgr) — VC Fund, 1 deal together
- RedFish LongTerm Capital — VC Fund, 1 deal together
- Sienna Investment Managers — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [ENISA](https://shizune.co/investors/profile/enisa-2) — VC Fund
- [Development Bank of Wales](https://shizune.co/investors/profile/development-bank-of-wales) — VC Fund
- [The FSE Group](https://shizune.co/investors/profile/finance-south-east) — VC Fund

## FAQ

### What does Tenax Capital invest in?

Tenax Capital invests primarily in Water, Finance and Software startups, most often at Debt Financing and Private Equity stage. Most of the 4 investments tracked by Shizune back companies in Italy. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Tenax Capital last invest?

The most recent investment recorded for Tenax Capital closed in Jun 2026. Shizune tracks 4 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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