Ned M.

Managing Partner at Ten Coves Capital

📍 New York, New York, United States🔄 Updated September 2026💼 12 investments📅 10 years investing🗓 Last invested Jan 2026
VC🌍 United StatesInvested this year
12
Total investments
0
Early stage
2
Mid stage
6
Late stage
10y
Years active

Portfolio

9 investments · sorted by recency
All investments
Early stage
Mid stage
Late stage
Board Member
Nov 2022
From one picture to the big picture! It all starts with your team snapping photos of invoices with their smartphones. We take it from there – every line item and every handwritten note is captured. We then integrate with your POS, so each day you know everything you bought and everything you sold, plus you get a rolling P&L with drill-down capability, and the invoice and sales data flows effortlessly to your accounting system. In between, our solution: - handles data-entry of all of your invoices - updates pricing on your inventory sheets (food and beverage) - updates ordering sheets - keeps your recipes – prep and plated – prices up to date with a real-time kitchen recipe viewer - alerts you if the prices of key ingredients jump - determines theoretical food and beverage cost/usage vs actual We are currently working with over 7,000 restaurants in all 50 states, from fast-casual to fine dining - Join Us!
late stageRestaurants
Investor (via sale of Sentieo)
Jun 2022
AlphaSense is the technology behind the business world’s most important decisions – from Wall Street to boardrooms across every major industry. Trusted by over 6,500 leading companies – including 88% of the S&P 100, 80% of top global banks, and all 20 of the world’s largest pharmaceutical firms – our AI search and market intelligence platform empowers business leaders to move faster and with greater confidence by delivering the right insights at the right moment. Whether investing, acquiring, advising, or launching, AlphaSense fuels the decisions where clarity creates competitive edge. Headquartered in New York City, AlphaSense employs over 2,500 people across offices in the U.S., U.K., Finland, India, and Singapore. For more information, please visit www.alpha-sense.com.
Board Member
Nov 2021
Unleash procurement possibilities with the power of dynamic supplier data. TealBook is the leading supplier data foundation that autonomously maintains supplier master data, powers e-procurement technology, drives supplier diversity, and enables supplier performance. Using AI and ML, TealBook gathers, predicts, and refines supplier data to build the world’s most comprehensive supplier intelligence.
Board Member
Nov 2021
Canopy is the all-in-one practice management platform built to help accounting firms simplify operations, delight clients, and drive firm-wide growth. From client intake and engagement letters to document management, workflow automation, billing, and CRM, Canopy brings every part of your firm into one intuitive, AI-powered system. Thousands of firms, from solo practitioners to multi-office teams, run on Canopy to reduce admin, increase visibility, and streamline how work gets done. Customers have replaced up to 14 tools, shortened onboarding by 50 percent, and scaled faster with fewer staff. Backed by industry veterans, modern accountants, and forward-thinking investors, Canopy is built for the future of accounting: mobile, efficient, and client-focused. Recognized by CPA Practice Advisor, G2, and The Future Ready Accountant Report, Canopy continues to lead in cloud-based practice management software. Visit getcanopy.com to learn how you can simplify your workflows and run a smarter firm.
Board Member
Nov 2019
DadeSystems is a leading provider of Cash Application solutions to fully automate the complex payment processing landscape. DadePay is a SaaS based solution that will automate the invoice-to-cash application process for any payment through any channel. DadePay Cash Application automatically captures all incoming payments, including cash, checks, ACH, EFT, and credit cards. Using patented algorithms, payments are automatically matched to open invoices which updates your ERP system and electronically deposits the checks at your bank(s). The DadePay suite also includes our DadePay Customer ePayment portal and DadePay Mobile. DadePay ePayment Customer portal, allows your customers to review open invoices and make or schedule payments by ACH or credit card. All customer portal payments from customers are 100% matched to their invoices. DadePay mobile allows sales and delivery drivers to take pictures of checks and remittances and electronically transmits those images to AR Automation for immediate processing. DadeSystems serves multiple industries including distribution, food and beverage, manufacturing, financial, transportation, wholesale, property management, healthcare, retail, travel and agriculture. Increase your efficiency Accelerate your cash flow Simplify your AR Automation
Board Observer
Jan 2019
7shifts is an all-in-one restaurant team management platform that helps operators: 1) Make more profitable decisions. Youll get the insights you need to make the best team and operating decisions every day. Hit your labor targets with schedule enforcement, optimal labor tracking, and real-time reporting. 2) Improve operating efficiency. Well help get your operations in order and cut down on easy-to-avoid mistakes. Proactively manage compliance, run payroll with ease, and track tasks with digital checklists. 3) Get time back. With all that improved efficiency, youll have more free time to spend on creating great guest experiences. Easier scheduling, centralized communication, and automated tip calculations are at your fingertips. 4) Improve team retention. Youll gain access to the tools you need to help build strong teams. Keep a pulse on team engagement, sentiment, and satisfaction to reduce turnover by 13%. Here’s how your restaurant can benefit from 7shifts: - Save up to 4 hours per week creating and managing your staff schedules - Reduce time spent on scheduling by 80% - Save up to $250 per month in managers time - Reduce labor costs to save up to $3,000 annually - Reduce calls and texts from staff by 70% - Create schedules with 95% labor accuracy - Forecast your future sales with 95% accuracy - Save $1,000s per month in reduced labor costs from more efficient schedule - Save $1,000’s per month in early clock ins and labor overages Its never been easier to manage your teams work schedules, time clocking, team communication, labor compliance, payroll, tips and more, all from one single place. 7shifts can be found in restaurants of all sizes—from mom-and-pop shops to national chains like Bareburger, Highway 55, and Five Guys. Join the 1,000,000+ restaurant pros already using 7shifts to simplify their team management.
Board Observer
Jun 2017
TouchBistro is an all-in-one POS and restaurant management system that makes running a restaurant easier. Providing the most essential front of house, back of house, and guest engagement solutions on one powerful platform, TouchBistro helps restaurateurs streamline and simplify their operations – allowing them to spend less time manually connecting the dots, and more time connecting with guests and growing their business.
Board Member
May 2017
Quovo is a data platform that provides connectivity to financial accounts at over 14,000 institutions. Leading fintech firms, such as Betterment, Earnin, SoFi, and Wealthfront, along with some of the largest retail banks in the US, rely on Quovo’s account connectivity technology to deliver their services. As of January 2019, we’re now a part of Plaid. As a combined company, Plaid’s leadership in bank account connectivity will now be complemented by our leading investment, insurance, and loan account coverage. Together, we offer API-delivered products that enable businesses to build seamless, personalized digital experiences and more effectively transact with their customers.
Investor
Sep 2016
Nvoicepay streamlines the way companies pay their accounts payable invoices through electronic payments. We are payment experts and the leading provider of simple ePayment solutions for the enterprise. Organizations across multiple industries trust Nvoicepay to streamline invoice payments, dramatically reduce AP costs, and generate new revenue through card rebates. Only Nvoicepay offers a simple and secure cloud-based payment solution that works with every accounting system and all banking partners, and best-in-class supplier services to guarantee success. Founded in 2009, Nvoicepay has thousands of customers paying hundreds of thousands of suppliers with the company’s payment solution each day. For more information visit www.nvoicepay.com and follow us on Twitter, Instagram, and Facebook @Nvoicepay.
Experience · 15 entries
All (15)
Investments (12)
Board (10)
2026
Board Member
Jan 2026
Aquilance (formerly My Accountant) was founded to address the complex financial administration needs of families and individuals of wealth. We provide a diverse range of services, including personal bookkeeping and bill pay, consolidated accounting across multi-entity family structures and complex investment partnerships, consolidated investment performance reporting, ILIT administration, and much more. Founded in 1987, the firm’s mission continues to be enriching the quality of life of our clients by eliminating time spent on managing family finances and to empower effective decision-making by delivering timely and accurate reports to families and their advisors.
2022
Board Member
Nov 2022
From one picture to the big picture! It all starts with your team snapping photos of invoices with their smartphones. We take it from there – every line item and every handwritten note is captured. We then integrate with your POS, so each day you know everything you bought and everything you sold, plus you get a rolling P&L with drill-down capability, and the invoice and sales data flows effortlessly to your accounting system. In between, our solution: - handles data-entry of all of your invoices - updates pricing on your inventory sheets (food and beverage) - updates ordering sheets - keeps your recipes – prep and plated – prices up to date with a real-time kitchen recipe viewer - alerts you if the prices of key ingredients jump - determines theoretical food and beverage cost/usage vs actual We are currently working with over 7,000 restaurants in all 50 states, from fast-casual to fine dining - Join Us!
late stageRestaurants
Investor (via sale of Sentieo)
Jun 2022
AlphaSense is the technology behind the business world’s most important decisions – from Wall Street to boardrooms across every major industry. Trusted by over 6,500 leading companies – including 88% of the S&P 100, 80% of top global banks, and all 20 of the world’s largest pharmaceutical firms – our AI search and market intelligence platform empowers business leaders to move faster and with greater confidence by delivering the right insights at the right moment. Whether investing, acquiring, advising, or launching, AlphaSense fuels the decisions where clarity creates competitive edge. Headquartered in New York City, AlphaSense employs over 2,500 people across offices in the U.S., U.K., Finland, India, and Singapore. For more information, please visit www.alpha-sense.com.
2021
Board Member
Nov 2021
Unleash procurement possibilities with the power of dynamic supplier data. TealBook is the leading supplier data foundation that autonomously maintains supplier master data, powers e-procurement technology, drives supplier diversity, and enables supplier performance. Using AI and ML, TealBook gathers, predicts, and refines supplier data to build the world’s most comprehensive supplier intelligence.
Board Member
Nov 2021
Canopy is the all-in-one practice management platform built to help accounting firms simplify operations, delight clients, and drive firm-wide growth. From client intake and engagement letters to document management, workflow automation, billing, and CRM, Canopy brings every part of your firm into one intuitive, AI-powered system. Thousands of firms, from solo practitioners to multi-office teams, run on Canopy to reduce admin, increase visibility, and streamline how work gets done. Customers have replaced up to 14 tools, shortened onboarding by 50 percent, and scaled faster with fewer staff. Backed by industry veterans, modern accountants, and forward-thinking investors, Canopy is built for the future of accounting: mobile, efficient, and client-focused. Recognized by CPA Practice Advisor, G2, and The Future Ready Accountant Report, Canopy continues to lead in cloud-based practice management software. Visit getcanopy.com to learn how you can simplify your workflows and run a smarter firm.
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Investment activity
2016–2026 · 12 investments
20161201722018120193202122022220261
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