DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Tola Capital Management, LLC
Tola Capital Management, LLC
Tola Capital is a venture capital firm that partners with founders building the next generation of enterprise software, enabled by artificial intelligence.
venture manager, reported GAV $752M across 4 vehicles
Importance
43
elevated
Active deployment
30
moderate
Emerging
0
low
Completeness
75
high
Freshness
97
high
Research priority
13
low
Identity and regulatory footprint
- Headquarters
- Seattle, WAadviserinfo.sec.gov
- Office address
- 520 E DENNY WAY, Seattle, WA, 98122adviserinfo.sec.gov
- Business phone
- 206-686-8577adviserinfo.sec.gov
- Website
- HTTP://WWW.TOLACAPITAL.COM
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 30, 2026
- Private funds reported
- 4 (4 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $702Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 206-686-8577adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
54 observed deals
Stated (the firm’s website)
- Sectors
- ai, enterprise software, media
- Stages
- seed, early
- Geography
- global, seattle
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 98%Other Technology 2%
lead rate n/afollow-on rate n/anew logos, 12 months 54
Funds and vehicles
4 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Tola Capital III, LLC | Fund | 2022 form d first sale | Active deployment | $227M Mar 29, 2024 | 60 | $230M of $400M | Nov 29, 2023 |
| Tola Capital Partners II, LP | Fund | 2021 adv first reported | Mature | $45.6M Mar 29, 2024 | 27 | $0 of $40.0M | Feb 20, 2020 |
| Tola Ventures, LP | Fund | 2015 form d first sale | Harvest | $422M Mar 29, 2024 | 11 | $296M of $296M | Nov 14, 2016 |
| Tola Capital Partners I, LP | Fund | 2014 form d first sale | Harvest | $57.9M Mar 29, 2024 | 22 | $33.7M of $150M | Sep 19, 2014 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
12 current, 0 departed
Sheila May Gulati
General partnerManager Of Tola Capital Gp Iii, Llc · since Jan 1, 2022
Aaron Fleishman
PartnerPartner
Akshay Bhushan
PartnerPartner
Sheila Gulati
PartnerManaging Director
Daniel Jowers
Platform and operationsController
Qian Jiang
Platform and operationsVice President Finance
Tashi Schmidt
Platform and operationsCFO and Partner
Karolin Beck
Venture partnerVenture Partner
Phil Sorgen
Venture partnerVenture Partner
Stacey Giard
Venture partnerVenture Partner
Jake Nibley
Vice presidentVice President
Sophia Lu
Vice presidentVice President
Investments on record
54 edges, 54 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
27 relationships from shared deals, counted for the whole firm
Sapphire Ventures, LLC 2 shared · recurringCanaan Partners 1 shared · one timePathbreaker Ventures II, LLC 1 shared · one timeRubicon Technology Management L.L.C. 1 shared · one timeElectric Capital Partners, LLC 1 shared · one timeMtech Capital 1 shared · one timeSpeedinvest Gmbh 1 shared · one timeRHO Capital Partners 1 shared · one timeTrinity Ventures 1 shared · one timeClearsky Advisors LLC 1 shared · one timeG20 Capital Management, LLC 1 shared · one timeIA Capital Group, Inc. 1 shared · one timeBlumberg Capital, L.L.C. 1 shared · one timeMK Capital Company 1 shared · one timeParade Ventures Management, LLC 1 shared · one timeHyperplane Venture Capital 1 shared · one timeMatrix 1 shared · one timeNyca Management LLC 1 shared · one timeOpen Opportunity Management, LLC 1 shared · one timeA.capital Ventures 1 shared · one timeMontage Ventures 1 shared · one timeMenlo Ventures 1 shared · one timeGlasswing Ventures, LLC 1 shared · one timeMadrona Venture Group, LLC 1 shared · one timeInnovating Capital Management, LLC 1 shared · one timeAmplify Partners 1 shared · one timeM33 Growth LLC 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
5 dated events
- Mar 28, 2023Tola Capital III, LLC first reported on Form ADV by Tola Capital Management, LLC (Venture Capital Fund), GAV $192,606,735Fund first reported on Form ADVFundsFactTola Capital III, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 15, 2021Tola Capital Partners II, LP first reported on Form ADV by Tola Capital Management, LLC (Venture Capital Fund), GAV $13,381,471Fund first reported on Form ADVFundsFactTola Capital Partners II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 20, 2015Tola Capital Management, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 20, 2015Tola Capital Partners I, LP first reported on Form ADV by Tola Capital Management, LLC (Venture Capital Fund), GAV $37,131,432Fund first reported on Form ADVFundsFactTola Capital Partners I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 20, 2015Tola Ventures, LP first reported on Form ADV by Tola Capital Management, LLC (Venture Capital Fund), GAV $206,039,832Fund first reported on Form ADVFundsFactTola Ventures, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $752M across 4 vehicles
Evidence
46 observations from 3 sources