Tracked deals
3
3 tracked deals across 2022-2026.
Private Equity Firm
Financial Services
Ten Coves Capital
Darien, Connecticut, United States
Ten Coves Capital backs high-growth B2B software companies across the FinTech ecosystem, where its capital, network, and experience can help accelerate growth and value creation. It invests across payments, banking & lending, asset management, capital markets, and insurance & benefits (among other segments).
- Focus Areas
- FinTech, Payments, Banking & Lending
- Website
- tencoves.com
Recent pace
1
1 tracked deal announced in the last 12 months.
Deal mix
Growth capital
2 growth capital · 1 buyout
Ten Coves Capital Acquisition Volume by Year
Last 3 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Ten Coves Capital
- Target
- benefitbay
- Industry
- Healthcare Services
- Location
- United States
- Type
- Growth capital
Bailey & Company announced it advised benefitbay on its strategic investment from Ten Coves Capital. The investment will fund the next phase of benefitbay’s growth, including payments infrastructure build-out, expanded carrier and payroll integrations, and enhancements to broker enablement tools for ICHRA administration.
-
- Buyer
- Ten Coves Capital, Bridgewest Group, Punakaiki Fund
- Target
- Projectworks
- Industry
- Cloud & SaaS
- Location
- California, United States
- Type
- Growth capital
Projectworks raised an additional $12M to its Series A led by new investor Ten Coves Capital, with existing backers Bridgewest Group and Punakaiki Fund participating, bringing total funding to more than $20M. The growth capital will be used to expand product development (including generative AI capabilities), go-to-market and customer success teams, and to grow headcount as Projectworks accelerates expansion in North America and other global markets.
-
April 18, 2022
- Buyer
- Versapay, Great Hill Partners, Ten Coves Capital
- Target
- DadeSystems
- Industry
- Cloud & SaaS
- Location
- Florida, United States
- Type
- Buyout
Versapay has completed the acquisition of U.S.-based fintech DadeSystems, integrating DadePay cash-application technology into its Collaborative AR platform to broaden AR automation and AI/ML capabilities. Ten Coves Capital rolled its stake into Great Hill Partners-backed Versapay, with both Great Hill Partners and Ten Coves contributing additional capital to fund the transaction and support expansion into enterprise and upper mid-market customers.
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