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Ten Coves Capital

1019 Post Road, Darien, Connecticut, 06820, United States

Overview

Private equity firm investing in high-growth FinTech companies.

Founded

2020

Deals ยท 12mo

3

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series A
Series B
Series C

Geographic focus

Canada
United Kingdom
United States

Sector focus

Finance
Financial Services
FinTech

Investment portfolio

20rounds
NAMEDATESIZE
Luminary
Sep 2026Led
$22 MSeries A
Benefitbay
May 2026Led
$18 MSeries A
Circit
Feb 2026Led
$22 MOther Equity
Inbox Health
Sep 2025Led
$20 MOther Equity
Blue J
Aug 2025Participated
$122 MSeries D
BetterComp
Jul 2025Led
$33 MSeries A
projectworks
Jun 2025Led
$12 MSeries A
Canopy
Apr 2025Participated
$70 MSeries C
Boosted.ai
Nov 2024Participated
$15 MOther Equity
Procurify
Oct 2023Led
$50 MSeries C
Inbox Health
May 2023Led
$23 MSeries B
MarginEdge
Dec 2022Led
$45 MSeries C
Luminary
Sep 2026Led
$22 MSeries A
Benefitbay
May 2026Led
$18 MSeries A
Circit
Feb 2026Led
$22 MOther Equity
Inbox Health
Sep 2025Led
$20 MOther Equity
Blue J
Aug 2025Participated
$122 MSeries D
BetterComp
Jul 2025Led
$33 MSeries A
projectworks
Jun 2025Led
$12 MSeries A
Canopy
Apr 2025Participated
$70 MSeries C
Boosted.ai
Nov 2024Participated
$15 MOther Equity
Procurify
Oct 2023Led
$50 MSeries C
Inbox Health
May 2023Led
$23 MSeries B
MarginEdge
Dec 2022Led
$45 MSeries C
20
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Insights

Time horizon

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Deal Distribution

Ten Coves Capital: 20 funding rounds are recorded in the selected participation categories.All available history.
Ten Coves Capital: 20 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A40
Series B51
Series C+33
Other Equity31

Monthly Deal Activity

Ten Coves Capital: 20 deals are recorded across 70 months.All available history.
Ten Coves Capital: 20 deals are recorded across 70 months. All available history
MonthDeals
Jan '211
Feb '210
Mar '210
Apr '210
May '212
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '212
Jan '221
Feb '221
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '221
Jan '230
Feb '230
Mar '230
Apr '230
May '231
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '250
Jun '251
Jul '251
Aug '251
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Ten Coves Capital: Fintech is the largest displayed sector by deal count (13 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Ten Coves Capital: Fintech is the largest displayed sector by deal count (13 deals). All available history
SectorDeals
Fintech13
Enterprise Software9
Professional Services7
AI & Machine Learning4
Networks, Cloud & Communication3
Health & Life Sciences3
Food & Agriculture3
Data, Analytics & IT3
Marketing & Advertising1
Real Estate & Construction1
Transportation & Logistics1

Deal Size Distribution

Ten Coves Capital: 20 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Ten Coves Capital: 20 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M11
$25M-$50M5
$50M-$100M3
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Ten Coves Capital: United States has the largest recorded deal count among the displayed regions (10 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Ten Coves Capital: United States has the largest recorded deal count among the displayed regions (10 deals). All available history
RegionDeals
United States10
Canada6
Europe3
New Zealand1
Ten Coves Capital: 20 co-investors are shown, with Ankona Capital sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Ten Coves Capital: 20 co-investors are shown, with Ankona Capital sharing 2 recorded deals. All available history
Co-investorShared deals
Ankona Capital2
Commerce Ventures2
Connecticut Innovations2
Enlightened Hospitality Investments2
Fairview Capital2
HarbourVest Partners2
Healthy Ventures2
Pelion Venture Partners2
Portage Ventures2
Royal Bank of Canada2
Spark Capital2
Tenaya Capital2
Vertical Venture Partners2
8VC1
Aquiline Capital Partners1
Beacon Equity Partners1
BNY Mellon1
Bridgewest Group1
Centana Growth Partners1
Colchis Capital1

Investment Strategy

Ten Coves Capital: Led accounts for 75% and participating for 25% of round participation.All available history.
Ten Coves Capital: Led accounts for 75% and participating for 25% of round participation. All available history
CategoryDeals (count)Share (%)
Led1575%
Participating525%
Ten Coves Capital: Single-lead accounts for 93% and co-led for 7% of lead dynamics.All available history.
Ten Coves Capital: Single-lead accounts for 93% and co-led for 7% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1493%
Co-led17%

Team

Daniel Kittredge

Managing Partner

Manu Rana

Founding Partner

Michael Lipin

Finance and Administration

Ned M.

Managing Partner

Ned M.

Managing Partner

Steve Lula

Principal

Steven Piaker

Managing Partner