Tola Capital secures $230m for Fund III

Tola Capital, a venture capital firm specializing in AI-driven enterprise software, has successfully closed Tola Capital III, LP, securing a substantial $230 million. This latest fund will be strategically utilized to support Seed and early-stage startups at the forefront of transforming the enterprise software landscape through innovative AI applications. With this capital raise, Tola Capital has amassed a total of $688 million in funds to date.

Focusing on nurturing early-stage founders dedicated to shaping the future of AI companies, Tola Capital boasts a track record of over a dozen successful exits from its portfolio companies. Notable exits include Clipchamp (acquired by Microsoft), OSIsoft (acquired by AVEVA), and hybris (acquired by SAP).