Tenaya Capital is a venture capital firm with offices in Portola Valley, California, and Wellesley, Massachusetts. Founded in 1995 as Lehman Brothers Venture Partners, Tenaya spun out to become an independent firm in 2009 following Lehman's bankruptcy. To date, Tenaya has raised five funds representing over $1 billion of committed capital. The firm currently has approximately $750 million under management. 

Tenaya Capital generally invests in a venture-backed company's second or third institutional round, at a point when it has a product or service that's starting to generate market traction, and though they consider early or later stage investments on a selective basis.