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.
In the firm's own words, from its website.
8 additional team members, 26 additional co-investors and affiliates, 53 additional investments, funds and LPs, 1 verified contact (1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 2 dealswith Tcv
Invests most often alongside Tcv (2 shared deals).
pair last observed on record 1 Oct 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- PartnerWhy: Partner: part of the investment decisionNo route on file yet
- PartnerWhy: Partner: part of the investment decisionNo route on file yet
- Vice PresidentWhy: Runs the firm (chief executive or president)No route on file yet
Relationship network
99 connected entities5 observed rounds2 repeat counterparties
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Tola Capital Management, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Tola Capital Management, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
55 companies on record, 0 new in 12 months
Investments on record
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| 3scale | portfolio listing | unknown | unknown | unknown | unknown | Sep 14, 2026 | Fact Firm website |
| Arcus | portfolio listing | unknown | unknown | unknown | unknown | Sep 14, 2026 | Fact Firm website |
| Ariba | portfolio listing | unknown | unknown | unknown | unknown | Sep 14, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- ai, enterprise software, media
- Stages
- seed, early
- Geography
- global, seattle
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
12 current, 0 departed
Decision makers
- Aaron Fleishman · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility
- Akshay Bhushan · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility
- Jake Nibley · Vice PresidentWhy this person: Runs the firm (chief executive or president); Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Partner · 4 deals attributed
- Partner
- Vice President
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
4 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.| 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 | $204M Mar 30, 2026 | 60 | $230M of $400M | Nov 29, 2023 |
| Tola Capital Partners II, LP | Fund | 2021 adv first reported | Mature | $59.6M Mar 30, 2026 | 27 | $0 of $40.0M | Feb 20, 2020 |
| Tola Ventures, LP | Fund | 2015 form d first sale | Harvest | $391M Mar 30, 2026 | 11 | $296M of $296M | Nov 14, 2016 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
29 co-investors · on 1 other DFX graph
Co-investors
- 2026-10-012 shared deals · recurring
- 2026-10-011 shared deal · one time
- 2026-10-011 shared deal · one time
Across DFX and the capital chainon 1 other DFX graph ShowHide
- The same institution is held on RIA and Wealth, matched by identifier. See which records
Tola Capital Management, LLC is the same institution as 1 record in RIA and Wealth.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Evidence and history
5 dated events, 60 observations from 3 sources
Timeline
- Mar 28, 2023Tola Capital III, LLC first reported on Form ADV by Tola Capital Management, LLC (Venture Capital Fund), GAV $192,606,735
- Mar 15, 2021Tola Capital Partners II, LP first reported on Form ADV by Tola Capital Management, LLC (Venture Capital Fund), GAV $13,381,471
- Aug 20, 2015Tola Capital Management, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)
- Aug 20, 2015Tola Capital Partners I, LP first reported on Form ADV by Tola Capital Management, LLC (Venture Capital Fund), GAV $37,131,432
- Aug 20, 2015Tola Ventures, LP first reported on Form ADV by Tola Capital Management, LLC (Venture Capital Fund), GAV $206,039,832
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 30, 2026 · 4 private fundsShowHide
- Headquarters
- Seattle, WAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- 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, adviser total
- $702Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $702M across 4 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $752M across 4 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 30, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 30, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 29, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 30, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 30, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 29, 2024 | Fact | Form ADV |
| First Form ADV filing | 2015-08-20 | Mar 30, 2026 | Fact | Form ADV |
| First Form ADV filing | 2015-08-20 | Mar 29, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-30 | Mar 30, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-30 | Mar 30, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-29 | Mar 29, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 30, 2026 | Fact | Form ADV |
| SEC status effective | 2015-08-20 | Mar 30, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 30, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 29, 2024 | Fact | Form ADV |
| Business phone | Mar 30, 2026 | Fact | Form ADV | |
| Business phone | Mar 29, 2024 | Fact | Form ADV | |
| Description | Sep 14, 2026 | Fact | ||
| Headquarters | Seattle, WA | Mar 30, 2026 | Fact | Form ADV |
| Headquarters | Seattle, WA | Mar 29, 2024 | Fact | Form ADV |
| Office address | Mar 30, 2026 | Fact | Form ADV | |
| Office address | Mar 29, 2024 | Fact | Form ADV | |
| Legal form | Limited Liability Company | Mar 30, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 29, 2024 | Fact | Form ADV |
| Portfolio page | Sep 14, 2026 | Fact | ||
| Private funds reported | 4 | Mar 30, 2026 | Fact | Form ADV |
| Private funds reported | 4 | Mar 30, 2026 | Fact | Form ADV |
| Private funds reported | 4 | Mar 29, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $702M | Mar 30, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $702M | Mar 30, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $752M | Mar 29, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 30, 2026 | Fact | Form ADV |
| Stated geography | Global, seattle “geography words on the home page” | Sep 14, 2026 | Fact | |
| Stated sectors | AI, enterprise software, media “sector words on the home page” | Sep 14, 2026 | Fact | |
| Stated stages | Seed, early “stage words on the home page” | Sep 14, 2026 | Fact | |
| Team page | Sep 14, 2026 | Fact | ||
| Venture funds reported | 4 | Mar 30, 2026 | Fact | Form ADV |
| Venture funds reported | 4 | Mar 30, 2026 | Fact | Form ADV |
| Venture funds reported | 4 | Mar 29, 2024 | Fact | Form ADV |
| Website | Mar 30, 2026 | Fact | Form ADV | |
| Website | Mar 29, 2024 | Fact | Form ADV | |
| Site title | Sep 14, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShowHide
Venture manager, reported GAV $702M across 4 vehicles
- importance
- gav: 0.56 · funds: 0.33 · people: 0.52 · investments: 0.66 · co investors: 0.59
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
- emerging manager
- fund count: 4 · reported gav: $702M · first adv filing: 2015-08-20 · years since first filing: 11.1
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Adviser's first ADV filing2015-08-20source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.