# Tenoneten Ventures
TenOneTen Ventures is a Los Angeles-based venture capital firm that makes early-stage investments in technical companies, managed by Tenoneten Management LLC with David Waxman, Gil Elbaz, and Minneola Ingersoll as managing members of its funds' general partner. The firm's Form D records show roughly $121.6 million sold across its three documented fund vehicles as of May 2026.[1](https://www.sec.gov/Archives/edgar/data/1978754/000197875426000001/0001978754-26-000001.txt) • [4](https://www.dealdata.net/company-profile/0001840301/) • [2](https://aum13f.com/fund/tenoneten-ventures-lp)
## Key facts
| Fact | Detail |
|---|---|
| Type | Early-stage venture capital firm, Los Angeles, California[1](https://www.sec.gov/Archives/edgar/data/1978754/000197875426000001/0001978754-26-000001.txt) |
| Partners | David Waxman, Gil Elbaz, Minneola Ingersoll (managing members of the general partner)[1](https://www.sec.gov/Archives/edgar/data/1978754/000197875426000001/0001978754-26-000001.txt) |
| Manager | Tenoneten Management LLC[2](https://aum13f.com/fund/tenoneten-ventures-lp) |
| Strategy | Early investments in technical teams in healthcare, logistics, real estate, manufacturing, and other essential industries (firm's statement)[3](https://www.tenoneten.com/) |
| Typical round size | $500k to $5M; the firm says it leads 75% of its investments[3](https://www.tenoneten.com/) |
| Funds | Three vehicles with documented Form D filings, 2014–2026; about $121.6M total sold per Form D records[1](https://www.sec.gov/Archives/edgar/data/1978754/000197875426000001/0001978754-26-000001.txt) • [4](https://www.dealdata.net/company-profile/0001840301/) • [2](https://aum13f.com/fund/tenoneten-ventures-lp) |
| Status | Active filer through the May 2026 amendment of Fund IV[1](https://www.sec.gov/Archives/edgar/data/1978754/000197875426000001/0001978754-26-000001.txt) |
## History and people
The firm's first fund vehicle, TenOneTen Ventures, L.P. (CIK 0001616520), filed a Form D on August 13, 2014 under Section 3(c)(1), listing its business address at 1999 Avenue of the Stars, Floor 35, Los Angeles.[5](https://www.sec.gov/Archives/edgar/data/1616520/000161652014000001/0001616520-14-000001-index.html) A contemporaneous report described TenOneTen as a Los Angeles-based venture investor run by David Waxman and Gil Elbaz, raising a $25 million first fund based on that regulatory filing.[6](https://parsers.vc/startup/tenoneten.net/)
Waxman and Elbaz appear as executive officers of the fund's manager in regulatory records from 2011 through 2026; the manager is recorded as Tenoneten Management LLC.[2](https://aum13f.com/fund/tenoneten-ventures-lp) The 2026 Form D amendment for Fund IV lists David Waxman, Gil Elbaz, and Minneola Ingersoll as executive officers and managing members of the general partner, with Waxman signing the amendment.[1](https://www.sec.gov/Archives/edgar/data/1978754/000197875426000001/0001978754-26-000001.txt) The firm's website says its partners were founders of billion-dollar companies and of foundational AI infrastructure, including [Common Crawl](https://www.edgepedia.org/common-crawl), which it describes as powering today's leading AI models; this is the firm's own characterization.[3](https://www.tenoneten.com/)
## Investment strategy
According to its website, TenOneTen targets sectors facing what it calls both existential threats and tremendous opportunities: healthcare, logistics, real estate, manufacturing, and other essential industries where technical innovation can solve critical problems.[3](https://www.tenoneten.com/) The firm states a typical round size of $500,000 to $5 million and says it leads 75% of its investments.[3](https://www.tenoneten.com/) These are the firm's own claims; the fund filings themselves identify the vehicles only as pooled investment funds and venture capital funds.[1](https://www.sec.gov/Archives/edgar/data/1978754/000197875426000001/0001978754-26-000001.txt)
## Funds raised
Form D records show three fund vehicles with documented amounts:
- **TenOneTen Ventures, L.P.** (2014): a $20.0 million offering with $13.2 million sold; an amendment filed September 29, 2015 listed 22 investors and $6,820,000 remaining, under exemption 506(b)/3(c)(1).[2](https://aum13f.com/fund/tenoneten-ventures-lp) The initial filing had been reported as targeting $25 million.[6](https://parsers.vc/startup/tenoneten.net/)
- **TenOneTen Ventures II, L.P.**:
- **TenOneTen Ventures III, L.P.** (2021): $51,830,000 sold against a $60,000,000 offering, with $8,170,000 remaining, reported on a Form D dated January 22, 2021.[4](https://www.dealdata.net/company-profile/0001840301/)
- **TenOneTen Ventures IV, L.P.** (2023): originally filed May 30, 2023; as of the May 29, 2026 amendment it reported $56,590,000 sold (including partner commitments) against a $75,000,000 offering, with $18,410,000 remaining and 43 investors.[1](https://www.sec.gov/Archives/edgar/data/1978754/000197875426000001/0001978754-26-000001.txt)
Summed across the three vehicles with documented Form D filings, the record shows about $121.6 million sold. Directory sites list different and larger figures for the funds (for example, Fund IV at $62.1M and Fund I at $59.6M); these conflict with the SEC filings and should be treated as unverified.[1](https://www.sec.gov/Archives/edgar/data/1978754/000197875426000001/0001978754-26-000001.txt) • [2](https://aum13f.com/fund/tenoneten-ventures-lp)
## Recent developments
Fund IV, the firm's current vehicle, has been amended annually on or about May 30 of 2024, 2025, and 2026, with the amount sold rising to $56.59 million by May 2026, indicating continued fundraising and deployment.[1](https://www.sec.gov/Archives/edgar/data/1978754/000197875426000001/0001978754-26-000001.txt) The firm's website lists portfolio company BuildOps, a commercial services platform, as having become a unicorn after raising $127 million; this is the firm's own claim.[3](https://www.tenoneten.com/)
## References
1. SEC Form D/A — TenOneTen Ventures IV, L.P. (filed 2026-05-29) — https://www.sec.gov/Archives/edgar/data/1978754/000197875426000001/0001978754-26-000001.txt
2. Tenoneten Ventures LP — Form D / IAPD record (AUM13F, from SEC EDGAR/IAPD) — https://aum13f.com/fund/tenoneten-ventures-lp
3. TenOneTen Ventures — firm website — https://www.tenoneten.com/
4. TenOneTen Ventures III, L.P. — Form D record (DealData, from SEC EDGAR) — https://www.dealdata.net/company-profile/0001840301/
5. SEC Form D filing index — TenOneTen Ventures, L.P. (filed 2014-08-13) — https://www.sec.gov/Archives/edgar/data/1616520/000161652014000001/0001616520-14-000001-index.html
6. TenOneTen Ventures — Funding, Valuation, Investors, News (Parsers VC) — https://parsers.vc/startup/tenoneten.net/
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*Topic: Encyclopedia › Society and history › Economics and business › Finance › Venture capital and private equity › Venture capital firms of the Americas › AI and deep technology investors*
*Initially written Sep 17, 2026 · Edited: Oct 11, 2026; Oct 15, 2026; Oct 21, 2026*
*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*
License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license