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Tensility Venture Partners

North America, Illinois, United States, Chicago

Description

Tensility Venture Partners is a Chicago-based venture capital firm that specializes in early-stage enterprise software companies. The firm primarily invests in Seed and Series A rounds, focusing on sectors critical to modern business infrastructure. Their investment thesis is centered on identifying and partnering with founders building innovative solutions in areas such as Cybersecurity, Digital Health, Vertical SaaS, AI/ML, and Data Infrastructure. Tensility emphasizes a collaborative approach, aiming to provide not just capital but also strategic guidance and operational support to their portfolio companies.

Tensility Venture Partners typically deploys initial checks ranging from $500,000 to $2,000,000. This range allows them to participate meaningfully in early funding rounds while reserving capital for follow-on investments as their portfolio companies grow. The firm is known for its hands-on engagement, leveraging the team's deep industry expertise to help founders navigate challenges and accelerate growth within their respective markets. Their commitment extends beyond the initial investment, fostering long-term relationships with the teams they back.

Since its inception, Tensility has demonstrated a consistent ability to raise capital and deploy it strategically. The firm successfully closed its first fund, Tensility Venture Partners Fund I, at $30 million in 2019. Building on this momentum, they announced their second fund, Tensility Venture Partners Fund II, targeting $75 million in 2022, indicating a significant expansion of their investment capacity. Across their funds, Tensility has raised over $100 million and has built a diverse portfolio of more than 37 companies, reflecting their active participation in the early-stage enterprise software ecosystem.

Investor Profile

Tensility Venture Partners has backed more than 28 startups, with 2 new investments in the last 12 months alone. The firm has led 3 rounds, about 11% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Canada.
  • Strong thematic focus on Software, Machine Learning, Artificial Intelligence (AI).
  • Typical check size: $500K – $2M.

Stage Focus

  • Seed (57%)
  • Series A (25%)
  • Series B (7%)
  • Convertible Note (7%)
  • Series Unknown (4%)

Country Focus

  • United States (93%)
  • Canada (7%)

Industry Focus

  • Software
  • Machine Learning
  • Artificial Intelligence (Ai)
  • Information Technology
  • Data Integration
  • Saas
  • Supply Chain Management
  • Natural Language Processing
  • Health Care
  • Wellness
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Tensility Venture Partners frequently co-invest with?

True Wealth Ventures
North America, Texas, United States, Austin
Co-Investments: 3
IV
North America, California, United States, Burlingame
Co-Investments: 3
Bling Capital
North America, California, United States, San Jose
Co-Investments: 3
Motivate Venture Capital
North America, Illinois, United States, Chicago
Co-Investments: 3
S3 Ventures
North America, Texas, United States, Austin
Co-Investments: 5
M12 - Microsoft's Venture Fund
North America, California, United States, San Francisco
Co-Investments: 3
Upside Partnership
North America, California, United States, Mill Valley
Co-Investments: 3
Ridgeline
North America, Tennessee, United States, Memphis
Co-Investments: 2
Green Egg Ventures
North America, New York, United States, New York
Co-Investments: 3
2048 Ventures
North America, New York, United States, New York
Co-Investments: 2

Which angels does Tensility Venture Partners often collaborate with?

SS
North America, Texas, United States, Austin
Shared Deals: 1
RG
North America, Delaware, United States
Shared Deals: 1
WW
North America, California, United States, Palo Alto
Shared Deals: 1
AB
North America, Texas, United States, Austin
Shared Deals: 1
KN
North America, California, United States, Costa Mesa
Shared Deals: 1
Ashish Gupta
Asia, Karnataka, India, Bengaluru
Shared Deals: 1
FC
North America, Georgia, United States, Atlanta
Shared Deals: 1
MC
North America, Texas, United States, Dallas
Shared Deals: 1

What are some of recent deals done by Tensility Venture Partners?

Culina Health

Hoboken, New Jersey, United States

Culina Health provides virtual nutrition care through registered dietitians for patients.

Health CareNutritionWellness
Series ADec 19, 2024
Amount Raised: $7,900,000
Actuate

New York, New York, United States

Actuate enhances existing surveillance systems through AI camera software that improves efficiency without the need for new hardware.

Artificial Intelligence (AI)Information TechnologyMachine LearningSecuritySoftware
Series BAug 14, 2024
Amount Raised: $11,500,000
Pepper Bio

Dedham, Massachusetts, United States

Pepper Bio is a trans-omics company that helps researchers and drug developers discover new drugs.

BiopharmaBiotechnologyClinical Trials
SeedNov 30, 2023
Amount Raised: $6,500,000
Leverage

New York, New York, United States

Leverage delivers end-to-end supply chain management powered by artificial intelligence.

Artificial Intelligence (AI)Data VisualizationInformation ServicesInformation TechnologyProductivity ToolsSupply Chain Management
Series AJul 14, 2023
Amount Raised: $3,000,000
Agnostiq

Toronto, Ontario, Canada

Agnostiq is the company behind Covalent, a fully Pythonic, serverless compute engine for AI/ML/HPC. Learn more at www.covalent.xyz

Artificial Intelligence (AI)Cloud ComputingMachine LearningQuantum ComputingSoftware
SeedApr 5, 2023
Amount Raised: $9,100,000
Culina Health

Madison, Wisconsin, United States

Culina Health making nutrition accessible & sustainable for everyone.

Health CareNutritionWellness
SeedMay 31, 2022
Amount Raised: $4,750,000
CharmVerse

White Plains, New York, United States

First web 3 native, all-in-one workspace. Tasks, docs, bounties and more

CryptocurrencySoftware
SeedMar 26, 2022
Amount Raised: $3,800,000
Agolo

New York, New York, United States

Improve product quality, lower support costs, and enhance visibility into issues with Agolo's Generative AI Platform.

AppsInformation TechnologyMachine LearningNatural Language ProcessingNewsProduct ManagementSoftwareSupply Chain ManagementTechnical Support
Series AMar 16, 2022
Videate

Austin, Texas, United States

From Script to Screen with No In Between.

Artificial Intelligence (AI)Digital MediaMedia and EntertainmentProduct ManagementSoftwareSoftware EngineeringTechnical SupportTraining
SeedJan 3, 2022
Amount Raised: $2,800,000
Polymer

New York, New York, United States

No-Code Data Loss Prevention for SaaS Platforms

ComplianceCyber SecurityData CenterData IntegrationSaaSSoftware
SeedDec 13, 2021
Amount Raised: $4,000,000