Investor Profile: TenOneTen Ventures — Thesis, Cheque Size & How to Apply

If you are hunting for TenOneTen Ventures funding, know what the name signals: technical founders backing technical founders. The Los Angeles VC invests at the seed stage in technical teams reimagining major industries, and the partners behind it are repeat founders themselves — people who have started venture-backed companies, taken two public and realised over a billion dollars in exits.

Thesis & focus

TenOneTen backs entrepreneurs who apply data and technology to disrupt existing industries or create new categories entirely. The firm leads 75% of its rounds, makes roughly 10 investments per year and keeps its portfolio deliberately concentrated — 90% B2B. It targets sectors facing “existential threats and tremendous opportunities”: essential industries where technical innovation can solve critical problems. Los Angeles is its backyard — the firm even hosts the LA Venture podcast — but it invests in technical teams across the globe.

Sectors & stages

Core sectors are healthcare, logistics, real estate and manufacturing, alongside other essential industries. In practice that means B2B software, data infrastructure and technical products built by engineers-turned-entrepreneurs rather than LA's typical entertainment or consumer brands. Stage: seed, with TenOneTen leading most of the time and reserving heavily for follow-ons.

Fund size & cheque size

The firm does not advertise its fund sizes, but SEC filings give a clear read on its current vehicle: TenOneTen Ventures IV, L.P. reported $56.6 million sold of a $75 million offering (Form D, amended May 2026) with 43 investors, and Form ADV gross assets of $62.1 million. On cheque size, the firm's own site states a typical round size of $500k–$5M — the band its seed rounds usually fall in.

TenOneTen Ventures funding: notable portfolio

TenOneTen does not publish a portfolio roster on its website, so the firm's credibility rests on the partners' own founder track record rather than a company list: as a team they have started eight venture-backed startups — including AdSense (acquired by Google), Factual, Shift, PeoplePC and Scopely — taken two public and realised over a billion dollars in exits. Founders should treat the partners' operator history as the diligence reference here.

Partners & team

SEC filings name Gil Elbaz, David Waxman and Minnie Ingersoll as executives of the fund. Ingersoll is a partner and host of the LA Venture podcast; before TenOneTen she was COO and co-founder of the $100M+ used-car marketplace Shift.com and an early product manager at Google, with a Stanford computer science degree and an HBS MBA. Elbaz and Waxman are themselves repeat founders behind several of the exits above.

How to apply for funding

TenOneTen runs no public application portal on tenoneten.net. The realistic route is a warm introduction to a partner — the firm is founder-network driven — or a direct, well-targeted email to a partner (Minnie Ingersoll's address, [email protected], is public). Lead with technical depth: this is a fund that explicitly backs engineers, and your deck should read like it was written by one.