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TenOneTen Ventures operates as a Los Angeles-based seed-stage venture capital firm, strategically deploying capital into early-stage companies. The firm’s core focus is identifying and backing highly technical teams that leverage data and advanced technologies to reimagine and disrupt established industries. It provides foundational support to innovators aiming to redefine market landscapes with intelligent, tech-driven solutions.
The firm was founded in 2011 by experienced entrepreneurs David Waxman and Gil Elbaz. Their establishment of TenOneTen Ventures grew from a firsthand understanding of the startup ecosystem, having successfully built and exited multiple venture-backed companies, including notable ventures like AdSense. This operational pedigree informs their investment philosophy, emphasizing deep engagement with founders.
TenOneTen Ventures primarily serves ambitious early-stage companies led by technical founders seeking not just capital, but also strategic guidance rooted in entrepreneurial experience. The firm’s long-term vision is to foster a portfolio of transformative companies that reshape essential sectors, driving significant market evolution by harnessing cutting-edge data and technological applications.
Key people at TenOneTen Ventures.
Key people at TenOneTen Ventures.
TenOneTen Ventures is a Los Angeles-based early-stage venture capital firm that invests primarily in technical teams leveraging data and technology to disrupt major industries. Their mission centers on partnering with engineers-turned-entrepreneurs who are building innovative B2B software, data infrastructure, and AI-driven solutions across sectors such as retail technology, health tech, real estate tech, logistics, and fintech. The firm typically invests in pre-seed, seed, and Series A rounds, with check sizes ranging from $500K to $4M. Beyond capital, TenOneTen offers strategic mentorship and operational support, especially for founders transitioning from engineering roles to entrepreneurship, thereby fostering growth and innovation in the startup ecosystem, particularly within the Los Angeles tech community[1][2][3][5].
Founded in 2011 by experienced entrepreneurs who have built and exited eight venture-backed startups—including notable companies like AdSense (acquired by Google), Factual, and Scopely—TenOneTen Ventures was established to leverage this deep operational expertise to support early-stage startups. The founding partners bring a strong background in software and AI infrastructure, which informs their investment approach. Over time, the firm has evolved to focus on sectors facing existential challenges and opportunities, emphasizing data-driven and technical innovation. Their roots in Los Angeles also reflect a commitment to nurturing the local tech scene, exemplified by their hosting of the "LA Venture" podcast to engage with local investors and founders[1][2][5][7].
TenOneTen Ventures rides the wave of digital transformation where data and AI are reshaping traditional industries. Their timing aligns with accelerating adoption of AI, automation, and data analytics across sectors like retail, healthcare, and real estate, which face both disruption and opportunity. By backing technically sophisticated founders, they help drive innovation that challenges incumbents and creates new market categories. Their focus on B2B and enterprise software reflects broader market forces favoring scalable, data-driven solutions. Additionally, their active role in the Los Angeles ecosystem contributes to the region’s emergence as a significant tech hub beyond Silicon Valley[1][2][5].
Looking ahead, TenOneTen Ventures is well-positioned to capitalize on continued advances in AI, machine learning, and data infrastructure, which will shape the next generation of enterprise software and industry transformation. Their emphasis on technical founders and operational support suggests they will continue to nurture startups that can scale rapidly and disrupt entrenched markets. As Los Angeles grows as a tech center, TenOneTen’s local engagement and global investment reach may amplify their influence, potentially leading to more high-profile exits and a stronger role in shaping innovation ecosystems. The firm’s blend of founder experience, sector focus, and hands-on support will likely remain a key differentiator in the competitive venture capital landscape[1][2][5][7].
TenOneTen Ventures has more than 26 tracked investments across 25 companies. The latest tracked deal is $6.0M Seed in Elysian in September 2025.
