# Tenaya Capital

> Tenaya Capital is a VC fund in Portola Valley backing Software and SaaS. See 167 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Portola Valley, United States
- Total investments: 167
- Last investment: Apr 2025
- Lead investor: 29%
- Fund size: $450M
- Last fund: Aug 2014
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/tenaya-capital/about/
- Website: http://www.tenayacapital.com

Tenaya Capital is a venture capital firm with offices in Woodside, California, and Boston, Massachusetts. Founded in 1995 as Lehman Brothers Venture Partners, they became an independent company in 2009. Over the years they've raised five funds representing over $1 billion of committed capital, investing it in a wide range of high-growthtechnology companies including software, consumer Internet, communications, semiconductors, electronics, and cleantech.

## Contacts

5 contacts available for Tenaya Capital. Shizune tracks 7 team members at Tenaya Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/tenaya-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series B | $14M–$52M |
| Series C | $11M–$70M |
| Series D | $15M–$100M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 42 | 25% |
| SaaS | 26 | 16% |
| Enterprise Software | 25 | 15% |
| Analytics | 21 | 13% |
| Information Technology | 16 | 10% |

166 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series C | 48 | 29% |
| Series B | 30 | 18% |
| Series D | 28 | 17% |
| Series E | 15 | 9% |
| Series A | 9 | 5% |

11 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 80 | 48% |
| China | 4 | 2% |
| Germany | 2 | 1% |
| Indonesia | 2 | 1% |
| Israel | 1 | 1% |

7 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Stewart Gollmer | Partner/Managing Director | 32 | https://shizune.co/investors/profile/stewart-gollmer |
| Benjamin Boyer | Partner/Managing Director | 22 | https://shizune.co/investors/profile/benjamin-boyer-2 |
| Brian Melton | Managing Director/Partner | 14 | https://shizune.co/investors/profile/brian-melton |
| Brian Paul | Managing Director, Partner, and Co-Founder | 14 | https://shizune.co/investors/profile/brian-paul |
| Dorian Merritt | Chief Financial Officer | 0 | https://shizune.co/investors/profile/dorian-merritt |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Canopy | Canopy is the all-in-one practice management platform top-rated on G2 in both Tax Practice Management and Accounting Practice Management.It's built for U.S. CPA, tax, bookkeeping, advisory, and multi-service accounting firms of all sizes. Canopy consolidates CRM, workflow, document management, month-end close automation, time and billing,client portal, and AI into one platform with one login — replacing the disconnected stack of point solutions most firms cobble together over time.Where most practice management tools are strong in one area and shallow in others, Canopy is purpose-built to serve as a firm's entire operating system. Client relationships, engagements, deadlines, documents, communication, and payments all live in one place, giving every person in the firm a single source of truth from onboarding through billing.With good, better, best pricing, firms can start with what they need today and add capabilities as they grow — without switching platforms, retraining staff, or migrating client data to a new system. | $70M | Series C | Apr 23, 2025 |  |
| Kargo Technologies | Kargo Technologies is a freight logistics marketplace covering the entire Indonesian archipelago. The Company enables shippers, transporters, and truckers to connect, transact, and track shipments in real-time on a platform, which they can access via the website and mobile app.With Kargo Technologies, users can expand their shipping businessnetwork and increase revenue. | $8.8M | Series A | Jul 30, 2024 |  |
| Canopy | Canopy is the all-in-one practice management platform top-rated on G2 in both Tax Practice Management and Accounting Practice Management.It's built for U.S. CPA, tax, bookkeeping, advisory, and multi-service accounting firms of all sizes. Canopy consolidates CRM, workflow, document management, month-end close automation, time and billing,client portal, and AI into one platform with one login — replacing the disconnected stack of point solutions most firms cobble together over time.Where most practice management tools are strong in one area and shallow in others, Canopy is purpose-built to serve as a firm's entire operating system. Client relationships, engagements, deadlines, documents, communication, and payments all live in one place, giving every person in the firm a single source of truth from onboarding through billing.With good, better, best pricing, firms can start with what they need today and add capabilities as they grow — without switching platforms, retraining staff, or migrating client data to a new system. | $35M | Series C | May 08, 2024 |  |
| Salt Security | Salt Security is an API security company based in Palo Alto, California. It provides an API protection platform to prevent attacks, using machine learning and AI to automatically and continuously identify and protect APIs. Deployed in minutes, the platform learns the granular behavior of a company’s APIs and requires no configuration orcustomization to pinpoint and block API attackers.The company was founded in 2018 and led by co-founder and CEO Roey Eliyahu and by co-founder & COO Michael Nicosia. | $140M | Series D | Feb 10, 2022 |  |
| Clari | Clari is a connected revenue operations platform that uses automation and AI to unlock all the activity data captured in key business systems such as marketing automation, CRM, email, calendar, phone, content management, conversations, and more.Clari automatically aligns that data to accounts and opportunities, to deliver visibility, forecasting,and apply predictive insights, which results in more insight, less guesswork, and more predictable revenue. Clari helps companies by changing their revenue operations to be more connected, efficient, and predictable. Clari's platform is used by hundreds of sales, marketing, and customer success teams at B2B companies such as Qualtrics, Lenovo, Adobe, Dropbox, and Okta to control pipelines, audit deals and accounts, forecast the business, and reduce churn. | $225M | Series F | Jan 19, 2022 |  |
| Canopy | Canopy is the all-in-one practice management platform top-rated on G2 in both Tax Practice Management and Accounting Practice Management.It's built for U.S. CPA, tax, bookkeeping, advisory, and multi-service accounting firms of all sizes. Canopy consolidates CRM, workflow, document management, month-end close automation, time and billing,client portal, and AI into one platform with one login — replacing the disconnected stack of point solutions most firms cobble together over time.Where most practice management tools are strong in one area and shallow in others, Canopy is purpose-built to serve as a firm's entire operating system. Client relationships, engagements, deadlines, documents, communication, and payments all live in one place, giving every person in the firm a single source of truth from onboarding through billing.With good, better, best pricing, firms can start with what they need today and add capabilities as they grow — without switching platforms, retraining staff, or migrating client data to a new system. | $35M |  | Dec 08, 2021 |  |
| Canopy | Canopy is the all-in-one practice management platform top-rated on G2 in both Tax Practice Management and Accounting Practice Management.It's built for U.S. CPA, tax, bookkeeping, advisory, and multi-service accounting firms of all sizes. Canopy consolidates CRM, workflow, document management, month-end close automation, time and billing,client portal, and AI into one platform with one login — replacing the disconnected stack of point solutions most firms cobble together over time.Where most practice management tools are strong in one area and shallow in others, Canopy is purpose-built to serve as a firm's entire operating system. Client relationships, engagements, deadlines, documents, communication, and payments all live in one place, giving every person in the firm a single source of truth from onboarding through billing.With good, better, best pricing, firms can start with what they need today and add capabilities as they grow — without switching platforms, retraining staff, or migrating client data to a new system. | $35M | Series B | Dec 08, 2021 |  |
| Canopy | Canopy is the all-in-one practice management platform top-rated on G2 in both Tax Practice Management and Accounting Practice Management.It's built for U.S. CPA, tax, bookkeeping, advisory, and multi-service accounting firms of all sizes. Canopy consolidates CRM, workflow, document management, month-end close automation, time and billing,client portal, and AI into one platform with one login — replacing the disconnected stack of point solutions most firms cobble together over time.Where most practice management tools are strong in one area and shallow in others, Canopy is purpose-built to serve as a firm's entire operating system. Client relationships, engagements, deadlines, documents, communication, and payments all live in one place, giving every person in the firm a single source of truth from onboarding through billing.With good, better, best pricing, firms can start with what they need today and add capabilities as they grow — without switching platforms, retraining staff, or migrating client data to a new system. | $11M | Series C | Jun 29, 2021 |  |
| Salt Security | Salt Security is an API security company based in Palo Alto, California. It provides an API protection platform to prevent attacks, using machine learning and AI to automatically and continuously identify and protect APIs. Deployed in minutes, the platform learns the granular behavior of a company’s APIs and requires no configuration orcustomization to pinpoint and block API attackers.The company was founded in 2018 and led by co-founder and CEO Roey Eliyahu and by co-founder & COO Michael Nicosia. | $70M | Series C | May 26, 2021 |  |
| TaniHub | TaniHub is a B2B agriculture marketplace that connects farmers with food, hotel, restaurant, and catering business people.It offers an e-commerce platform for agricultural products and empowers local farmers by providing market access and financial access. Through TaniHub, local farmers can sell their crops to individuals as well as micro, small,and medium enterprises (MSMEs) in various regions.Headquartered in Jakarta, Jakarta Raya, co-founders Ivan Arie Sustiawan, Eka Pamitra, Michael Sugianto, Miftahul Choiri, Wahyu Setyo Nugroho, Wawan B. Setyawan, and William Setiawan founded it in 2015. | $65.5M | Series B | May 21, 2021 |  |

10 of 167 investments shown.

## Co-investors
- [Sequoia Capital](https://shizune.co/investors/profile/sequoia-capital) — VC Fund, 26 deals together
- [Benchmark](https://shizune.co/investors/profile/benchmark) — VC Fund, 21 deals together
- [Andreessen Horowitz](https://shizune.co/investors/profile/andreessen-horowitz) — VC Fund, 13 deals together
- [Norwest](https://shizune.co/investors/profile/norwest-venture-partners) — VC Fund, 12 deals together
- [Shasta Ventures](https://shizune.co/investors/profile/shasta-ventures) — VC Fund, 12 deals together
- [Four Rivers Group](https://shizune.co/investors/profile/four-rivers-group) — VC Fund, 11 deals together

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## FAQ

### What does Tenaya Capital invest in?

Tenaya Capital invests primarily in Software, SaaS and Enterprise Software startups, most often at Series C and Series B stage. Most of the 167 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Tenaya Capital's check size?

Tenaya Capital typically joins rounds of $14M–$52M at Series B, $11M–$70M at Series C and $15M–$100M at Series D. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Tenaya Capital participates in.

### How do I contact Tenaya Capital?

Public channels for Tenaya Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Tenaya Capital?

The team at Tenaya Capital includes Stewart Gollmer (Partner/Managing Director), Benjamin Boyer (Partner/Managing Director) and Brian Melton (Managing Director/Partner), among 7 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### 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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