TenOneTen Ventures is an early-stage venture capital fund based in Los Angeles,
founded in 2012 by serial entrepreneurs
Gil Elbaz and
David Waxman.
The fund invests at pre-seed and seed stages in founders who leverage data and technology to transform
industries.
The firm's name references the binary representation of the number 1010 — a nod to the founders'
technical roots. TenOneTen manages approximately
$200M in assets under management
across multiple funds.
Investment thesis: TenOneTen backs founders who apply data science, AI, and technical
innovation to large, underserved markets. The fund is sector-agnostic but has particular strength in
FinTech, HealthTech, AdTech, ClimateTech, IoT, and legacy industry transformation.
Notable portfolio exits include:
- Ring (acquired by Amazon for ~$1B)
- Honey (acquired by PayPal for ~$4B)
- Dollar Shave Club (acquired by Unilever for ~$1B)
- Clutter (acquired by Iron Mountain)
- Scopely (acquired by Savvy Games Group for $4.9B)