Tola Capital, investing in AI-enabled enterprise software, closes largest fund at $230M

Key Points:

  • Tola Capital secures $230 million for its third fund, the largest amount raised to date.
  • The firm invests in startups innovating the enterprise software industry with AI.
  • Tola Capital III plans to invest in 25 to 30 companies globally, with average check sizes ranging from $1 million to $4 million for seed-stage companies and $5 million to $15 million for Series A and B.

Summary:

Tola Capital, an investment firm focusing on AI-enabled enterprise software, has secured $230 million for its third fund, the largest amount raised so far. Despite a challenging fundraising environment, the interest in AI has made it a good time to raise funds. Tola Capital was founded in 2010 by Sheila Gulati, who previously led enterprise IT strategy for Microsoft. The firm invests in startups innovating the enterprise software industry with AI, particularly in areas like responsible AI, AI security, and app layer AI. Tola Capital III plans to invest in 25 to 30 companies globally, with average check sizes ranging from $1 million to $4 million for seed-stage companies and $5 million to $15 million for Series A and B.

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