10T Holdings

10T Holdings is a prominent growth equity firm based in Greenwich, Connecticut, specializing in investments within the burgeoning digital asset ecosystem. Co-founded by Dan Tapiero and Michael J. Dubilier, the firm focuses on providing significant capital to later-stage private companies that are poised for substantial growth in the blockchain, cryptocurrency, and Web3 sectors. Their investment thesis centers on identifying established businesses with proven products and strong management teams, aiming to accelerate their expansion and market penetration.

The firm's strategy involves deploying substantial capital to support companies through their growth phases, often participating in large funding rounds. 10T Holdings seeks to partner with companies that are building critical infrastructure, applications, and services that underpin the future of digital finance and decentralized technologies. They look for businesses with defensible competitive advantages, scalable business models, and clear paths to profitability, providing not just capital but also strategic guidance and access to their extensive network within the financial and technology industries.

10T Holdings made a significant splash with its inaugural fund, 10T Fund LP, which successfully closed at $750 million in 2021, demonstrating strong investor confidence in their specialized approach to the digital asset space. This capital enables them to make substantial commitments, with typical first check sizes ranging from $20 million to $100 million, targeting companies that require significant growth equity to scale operations, expand product offerings, or enter new markets. While their second fund, 10T Fund II LP, closed at a combined $575 million in 2023, slightly below its initial target, it still represents a formidable pool of capital dedicated to the digital asset sector. This continued fundraising success underscores their commitment to being a leading investor in the space, supporting the maturation of the digital economy.