# TenOneTen Ventures

TenOneTen Ventures is a Venture Capital based in Los Angeles, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Los Angeles, United States
- **Region:** North America
- **Address:** Los Angeles, CA, United States
- **Founded:** 2011
- **Assets under management:** Undisclosed
- **Website:** tenoneten.net
- **LinkedIn:** https://www.linkedin.com/company/tenoneten-ventures

## Regulatory record

- **Reports private funds:** No

## About

TenOneTen Ventures is technical founders backing technical founders. They invest early in technical teams transforming major industries, targeting sectors facing both existential threats and tremendous opportunities such as healthcare, logistics, real estate, and manufacturing. Their partners were founders of billion-dollar companies and foundational AI infrastructure.

## Sectors

- AI/ML
- Enterprise Software
- Data Infrastructure
- Digital Health
- FinTech

## People

- David Waxman — Co-Founder & Managing Partner
- Gil Elbaz — Co-Founder & Managing Partner

## Questions

### Who runs investment decisions at TenOneTen Ventures?

Co-founders David Waxman and Gil Elbaz lead investments. Waxman previously co-founded Firefly Network, and Elbaz co-founded Applied Semantics, acquired by Google in 2003. The firm operates with a lean partnership structure, so the two founders are the central decision-makers on new commitments.

### What investment stages does TenOneTen Ventures target?

TenOneTen focuses on seed and Series A rounds, with the capacity to lead or co-lead financings. The firm's early-stage emphasis reflects the partners' preference for entering when technical product decisions and initial go-to-market choices are being formed, where their operator experience applies most directly.

### Which sectors does TenOneTen Ventures invest in?

The portfolio concentrates on enterprise software, AI and machine learning, data infrastructure, and digital health. The firm avoids consumer internet and capital-intensive sectors like hard-tech hardware, staying within areas where its partners have direct company-building experience.

### How does TenOneTen source its deal flow?

TenOneTen relies heavily on the networks Waxman and Elbaz built as technical founders and early Google and enterprise-software operators. The firm's Los Angeles base also gives it access to a Southern California engineering and startup ecosystem that is less densely covered by traditional Sand Hill Road firms.

### Does TenOneTen Ventures participate in fund commitments or only direct deals?

TenOneTen invests directly in early-stage companies and does not operate as a fund-of-funds. The firm makes concentrated equity investments in individual startups rather than allocating capital to other venture managers.

## Related profiles

- [Tennor](https://altss.com/profile/tennor)
- [Tenon Ventures](https://altss.com/profile/tenon-ventures)

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Last updated: 2026-08-11T15:08:18.003Z

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