Tenaya Capital
Institutional venture firm, based in Palo Alto, California, reporting $1.4B of fund assets on its funds' Form ADV filings.
Composed from this organization's classification, location and filed figures.
8 additional team members, 7 additional co-investors and affiliates, 13 additional investments, funds and LPs, 14 events, 2 verified contacts (2 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 6 dealswith Levensohn Venture Partners
Invests most often alongside Levensohn Venture Partners (6 shared deals) and Lobby Capital and August Capital (6 shared deals). 3 of the 10 most frequent co-investors were first seen with it on record in the last 12 months.
pair last observed on record 1 Nov 2011, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- MemberWhy: Named with investment responsibilityNo route on file yet
- MemberWhy: Named with investment responsibilityNo route on file yet
- MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
42 connected entities15 observed rounds6 repeat counterparties12 dated rounds shown here, 2009 to 2016
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Capital provider
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Tenaya Capital: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Tenaya Capital
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
8 companies on record, 0 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Wearefine | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Firm website |
| Dropoff | portfolio listing | unknown | unknown | unknown | unknown | Sep 13, 2026 | Fact Company website |
| Inkling Systems, Inc. | Form D equity offering | unknown · board | Thomas Banahan (strongly supported) | $25.0M form d sold | unknown | Dec 13, 2016 | Inference Form D |
Stated thesis versus observed behaviour
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
14 current, 1 departed
Decision makers
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Member · 6 deals attributed
- Member · 4 deals attributed
- Member · 4 deals attributed
1 departed (kept with end dates)
- Dorian Aldyn Merritt · Chief Financial Officer · Aug 1, 2018 to Mar 13, 2024 Inference
Contacts
2 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
4 vehicles, 2 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Tenaya Capital VII, LP | Fund | 2015 adv first reported | Harvest | $1.1B Mar 18, 2026 | 22 | $0 of $450M | Aug 28, 2014 |
| Tenaya Capital VI, LP | Fund | unknown | Unknown | $191M Mar 18, 2026 | 29 | $0 of $300M | Jul 1, 2011 |
| Tenaya Capital V, LP | Fund | unknown | Unknown | $25.2M Mar 18, 2026 | 23 | unknown | unknown |
Limited partners
- 2 commitments to 2 funds · $150M disclosed
- 1 commitment to 1 fund · $40.0M disclosed
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| Pennsylvania Public School Employees' Retirement System | STATE RETIREMENT SYSTEM | Tenaya Capital VII, LP | $100M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Pennsylvania Public School Employees' Retirement System | STATE RETIREMENT SYSTEM | Tenaya Capital V-P, LP | $75.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Pennsylvania Public School Employees' Retirement System | STATE RETIREMENT SYSTEM | Tenaya Capital VI, LP | $50.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
Relationships across DFX
10 co-investors · on 2 other DFX graphs
Co-investors
- 2011-11-016 shared deals · strong
- 2011-11-016 shared deals · strong
- 2011-12-233 shared deals · recurring
Compare portfolios with Levensohn Venture Partners LLC, Lobby Capital and August Capital, Azure Capital Partners LP or any firm. Co-investors across the market
Across DFX and the capital chainon 2 other DFX graphs · 22 capital paths ShowHide
- The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Tenaya Capital is the same institution as 2 records in Allocators and RIA and Wealth.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Tenaya Capital sits on 22 traced paths of capital across the graphs.
DFX traced 22 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
19 dated events, 64 observations from 3 sources
Timeline
- Mar 13, 2024Dorian Aldyn Merritt (Chief Financial Officer) no longer on Schedule A of Tenaya Capital
- Sep 1, 2023Markland Eugene David joined Schedule A of Tenaya Capital as Cfo & Administrative Partner
- May 15, 2023Tenaya Capital Iv-P, LP no longer reported on Form ADV by Tenaya Capital
- May 5, 2022Tenaya Capital IV, LP no longer reported on Form ADV by Tenaya Capital
- May 5, 2022Tenaya Capital B, LP no longer reported on Form ADV by Tenaya Capital
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 18, 2026 · 4 private fundsShowHide
Website description: Exceptional entrepreneurs building enduring companies.
- Headquarters
- Palo Alto, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- TENAYACAPITAL.COM
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 18, 2026
- Private funds reported
- 4 (4 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $1.4Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $1.4B across 4 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $1.4B across 4 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 18, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 18, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 13, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 18, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 18, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 13, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-03-29 | Mar 18, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-03-29 | Mar 13, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-18 | Mar 18, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-18 | Mar 18, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-13 | Mar 13, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 18, 2026 | Fact | Form ADV |
| SEC status effective | 2020-07-12 | Mar 18, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 18, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 13, 2024 | Fact | Form ADV |
| Business phone | Mar 18, 2026 | Fact | Form ADV | |
| Business phone | Mar 13, 2024 | Fact | Form ADV | |
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 15, 2026 | Fact | ||
| Headquarters | Palo Alto, CA | Mar 18, 2026 | Fact | Form ADV |
| Headquarters | Palo Alto, CA | Mar 13, 2024 | Fact | Form ADV |
| Office address | Mar 18, 2026 | Fact | Form ADV | |
| Office address | Mar 13, 2024 | Fact | Form ADV | |
| Legal form | Limited Liability Company | Mar 18, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 13, 2024 | Fact | Form ADV |
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 15, 2026 | Fact | ||
| Private funds reported | 4 | Mar 18, 2026 | Fact | Form ADV |
| Private funds reported | 4 | Mar 18, 2026 | Fact | Form ADV |
| Private funds reported | 4 | Mar 13, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.4B | Mar 18, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.4B | Mar 18, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.4B | Mar 13, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 23, 2026 | Fact | Form ADV |
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 15, 2026 | Fact | ||
| Venture funds reported | 4 | Mar 18, 2026 | Fact | Form ADV |
| Venture funds reported | 4 | Mar 18, 2026 | Fact | Form ADV |
| Venture funds reported | 4 | Mar 13, 2024 | Fact | Form ADV |
| Website | Mar 18, 2026 | Fact | Form ADV | |
| Website | Mar 13, 2024 | Fact | Form ADV | |
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 15, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShowHide
Venture manager, reported GAV $1.4B across 4 vehicles
- importance
- gav: 0.65 · funds: 0.75 · people: 0.44 · investments: 0.46 · co investors: 0.4
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
- emerging manager
- fund count: 9 · reported gav: $1.4B · first adv filing: 2012-03-29 · years since first filing: 14.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Adviser's first ADV filing2012-03-29source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.