Tenaya Capital is a venture capital firm specializing in early-growth stage investments in technology companies. Established in 1995 as Lehman Brothers Venture Partners, the firm became independent in 2009 following Lehman's bankruptcy. With offices in Portola Valley, California, and Wellesley, Massachusetts, Tenaya Capital manages approximately $1.5 billion in assets across multiple funds.

The firm focuses on sectors such as enterprise software, consumer internet, IT infrastructure, communications, and electronics. Tenaya typically invests between $5 million and $10 million in Series B and Series C funding rounds, often leading these rounds and taking active roles on portfolio company boards. Notable investments include Eventbrite, HubSpot, Infoblox, Kayak, Lyft, New Relic, Palo Alto Networks, PlanGrid, Qunar, ThreatMetrix, Wavefront, Zappos, and Zuora.