# Ten31

Ten31 is a Private Equity based in Nashville, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Nashville, United States
- **Region:** North America
- **Address:** Austin, TX, United States
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** ten31.vc
- **LinkedIn:** https://www.linkedin.com/company/ten31

## Regulatory record

- **Reports private funds:** No

## About

Ten31 is an investment firm founded in 2020 in Nashville, Tennessee. It focuses on investing in entities developing bitcoin infrastructure and technology. The firm has made 23 investments, including in the Lightning Network, and provides equity investment to startups and companies in the bitcoin and digital currency sectors.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- Infrastructure

## Questions

### At what stage does Ten31 typically invest?

The firm targets early-stage companies raising seed or Series A rounds. Its capital is structured for founders building Bitcoin-specific infrastructure, with a focus on products that are already demonstrating technical integration with the Lightning Network or Bitcoin's base layer.

### Does Ten31 invest in Bitcoin mining or energy infrastructure directly?

Based on public communications, Ten31's portfolio extends into energy-monetization models adjacent to Bitcoin mining, though the firm positions itself as an infrastructure and software investor rather than a pure-play mining operator. Specific mining-facility holdings have not been publicly itemized.

### How does Ten31 source deals within the Bitcoin ecosystem?

The firm's single-asset mandate creates a dense network within open-source developer communities, Lightning Network engineering circles, and the Bitcoin conference circuit. Sourcing relies on technical fluency and relationships with founders who prioritize investors capable of evaluating protocol-level architecture, rather than on broad deal-sourcing platforms.

### Does Ten31 take board seats or lead rounds?

Ten31 operates as a concentrated, thesis-driven partner and frequently seeks to lead or co-lead rounds for early-stage Bitcoin-native companies. Its investment posture emphasizes active engagement with portfolio companies on technical roadmap decisions, particularly as they relate to Lightning Network integration and institutional-grade custody.

### How does Ten31 view the Lightning Network's commercial viability?

The Lightning Network represents Ten31's core infrastructure thesis — enabling instant, near-zero-fee Bitcoin transactions at scale. The firm's public statements track Lightning's growth in channel capacity, node count, and enterprise adoption as primary indicators that a parallel payments rail is forming outside traditional card networks.

## Related profiles

- [TEN13](https://altss.com/profile/ten13)
- [Ten55 Capital](https://altss.com/profile/ten55-capital)

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Last updated: 2026-07-10T11:34:26.000Z

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