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:
- Climate Corporation (acquired by Monsanto for $1.2B)
- Kaggle (acquired by Google)
- GoodReads (acquired by Amazon)
- DataScience (acquired by Oracle)
- MindMeld (acquired by Cisco)
- Mapsense (acquired by Apple)
- Curbside (acquired by Rakuten)
- Movoto (acquired by Recruit)
- Misfit Wearables (acquired by Fossil)
- Memorable (acquired by Reddit)
- Procore (IPO on NYSE, 2021)
Current unicorns: BuildOps, Mashgin, Tailscale, and more.