Ten Coves Capital

Ten Coves Capital is a growth equity firm exclusively focused on investing in high-growth FinTech and technology-enabled financial services companies. The firm partners with innovators who are re-imagining, re-inventing, and re-wiring the financial ecosystem by solving pain points, enabling workflows, and providing critical infrastructure to financial institutions ranging from large enterprises to small and medium-sized businesses (SMBs). Their investment strategy targets companies across various FinTech segments, including payments, banking and lending, insurance and benefits, asset management, capital markets, and related data and business services.

The firm was founded in December 2020 through a spinout of the growth equity team from Napier Park Financial Partners. The founding partners, including Steve Piaker, Dan Kittredge, Ned May, and Manu Rana, brought with them decades of experience in the financial services industry and a track record of backing high-growth FinTech companies. This spinout also involved the assumption and management of two prior growth equity funds from Napier Park, establishing Ten Coves Capital with a significant foundation of committed capital and portfolio companies.

Ten Coves Capital has made numerous notable investments in the FinTech sector. Recent portfolio additions include Circit, a company that raised $22 million in February 2026, and Aquilance, which secured $16 million in January 2026 for its family office solutions. Other key investments include Blue J, a generative AI solution for tax research; MarginEdge, a management platform for the restaurant industry; SteelEye, a compliance platform for financial firms; Canopy, accounting practice management software; and 7shifts, a labor management tool for restaurants. The firm's portfolio demonstrates a focus on B2B software companies that provide critical infrastructure and innovative solutions within the financial ecosystem.

The Ten Coves Capital team comprises FinTech growth equity specialists who leverage their extensive experience and network to accelerate growth and value creation for their portfolio companies. Key team members include Managing Partners Dan Kittredge, Ned May, and Steve Piaker, along with Founding Partner and Senior Advisor Manu Rana. The team's deep industry knowledge and patient, flexible capital approach enable them to support companies from early-stage (Seed, Series A, B, C) through growth stages, helping them scale into durable and strategically significant businesses.