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Venture Capital
SOFTWARE (NON-INTERNET/MOBILE)
tolacapital.com

Investments

75

Portfolio Exits

12

Funds

4

Partners & Customers

1

Service Providers

1

About Tola Capital

Tola Capital is a venture capital firm that focuses on investing in enterprise software companies, particularly those enabled by new data and cloud platforms. The company provides both capital and hands-on engagement to drive growth for its portfolio companies, with a particular interest in software companies that offer essential products for enterprise customers, have a solid existing customer base, and hold a strong competitive position. Tola Capital primarily sells to the enterprise software industry. It is based in Seattle, Washington.

Headquarters Location

520 East Denny Way

Seattle, Washington, 98122,

United States

206-225-8465

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Latest Tola Capital News

Tech Moves: Microsoft vet joins Tola Capital; Amperity names CPO; Edelman exec joins Boeing

Jul 28, 2025

— Vahé Torossian has joined Seattle firm Tola Capital as a venture partner. Torossian was at Microsoft for more than three decades, resigning from the tech giant in 2023 as corporate vice president of worldwide business applications. He then went to Builder.ai, a London-based software development platform. At the startup, he held multiple roles including deputy CEO and chief revenue officer. He left the company in May. “Joining Tola Capital represents a unique opportunity to draw on my global executive experience and most recent start-up chapter,” Torossian said on LinkedIn. “I have seen firsthand the immense potential for early-stage ventures… Read More

Tola Capital Investments

75 Investments

Tola Capital has made 75 investments. Their latest investment was in Pay-i as part of their Seed VC on May 21, 2025.

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Tola Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/21/2025

Seed VC

Pay-i

$4.9M

Yes

Firestreak, FUSE, GAIA Capital Management, Pear VC, and Undisclosed Angel Investors

6

5/20/2025

Series B

TrustCloud

$15M

No

5

5/14/2025

Pre-Seed

Persona AI

$27M

Yes

Cofounder Ventures, dConstruct, Embedded Ventures, Fathom Fund, GOOSE Capital, Invicta Growth, K2 Global, K50 Ventures, Kalea Ventures, Mirae Asset Daewoo, Olive Hill Group, SGA Capital, SGH Capital, Sound Media Ventures, Tides Ventures, Unity Growth, WaveFx, and Zero Infinity Partners

6

4/8/2025

Series A

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$XXM

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10

3/5/2025

Seed VC

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$XXM

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10

Date

5/21/2025

5/20/2025

5/14/2025

4/8/2025

3/5/2025

Round

Seed VC

Series B

Pre-Seed

Series A

Seed VC

Company

Pay-i

TrustCloud

Persona AI

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Amount

$4.9M

$15M

$27M

$XXM

$XXM

New?

Yes

No

Yes

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Co-Investors

Firestreak, FUSE, GAIA Capital Management, Pear VC, and Undisclosed Angel Investors

Cofounder Ventures, dConstruct, Embedded Ventures, Fathom Fund, GOOSE Capital, Invicta Growth, K2 Global, K50 Ventures, Kalea Ventures, Mirae Asset Daewoo, Olive Hill Group, SGA Capital, SGH Capital, Sound Media Ventures, Tides Ventures, Unity Growth, WaveFx, and Zero Infinity Partners

Sources

6

5

6

10

10

Tola Capital Portfolio Exits

12 Portfolio Exits

Tola Capital has 12 portfolio exits. Their latest portfolio exit was Arcus on May 20, 2025.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/20/2025

Acquired

$XXM

3

2/13/2025

Acquired

$XXM

5

2/7/2023

Acquired

$XXM

3

12/15/2021

Acquired

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$XXM

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10

9/7/2021

Acquired

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$XXM

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10

Date

5/20/2025

2/13/2025

2/7/2023

12/15/2021

9/7/2021

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$XXM

$XXM

$XXM

$XXM

$XXM

Acquirer

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Sources

3

5

3

10

10

Tola Capital Fund History

4 Fund Histories

Tola Capital has 4 funds, including Tola Capital III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/29/2023

Tola Capital III

$230M

1

11/14/2016

Tola Ventures

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$XXM

10

Tola Ventures II

10

Tola Capital Partners II

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10

Closing Date

11/29/2023

11/14/2016

Fund

Tola Capital III

Tola Ventures

Tola Ventures II

Tola Capital Partners II

Fund Type

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Status

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Amount

$230M

$XXM

Sources

1

10

10

10

Tola Capital Partners & Customers

1 Partners and customers

Tola Capital has 1 strategic partners and customers. Tola Capital recently partnered with Cooley on November 11, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

11/29/2023

Vendor

United States

1

Date

11/29/2023

Type

Vendor

Business Partner

Country

United States

News Snippet

Sources

1

Tola Capital Service Providers

1 Service Provider

Tola Capital has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

Tola Capital Team

4 Team Members

Tola Capital has 4 team members, including current Founder, Managing Director, Sheila Gulati.

Name

Work History

Title

Status

Sheila Gulati

Microsoft, and Robertson Stephens

Founder, Managing Director

Current

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Name

Sheila Gulati

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Work History

Microsoft, and Robertson Stephens

Title

Founder, Managing Director

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Status

Current

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