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The Venture Codex

Tola Capital

520 East Denny Way, Seattle, Washington, 98122, United States

Overview

Venture capital firm investing in transformative software solutions.

Founded

2010

Deals · 12mo

1

Links

WebsiteLinkedIn

Stage focus

Seed
Series A
Series B

Geographic focus

Germany
United States

Sector focus

Cloud Security
Developer Tools
Enterprise Software
Financial Services
...

Investment portfolio

63rounds
NAMEDATESIZE
StarLifter
Jul 2026Led
$12 MSeed
TrustCloud
May 2025Participated
$15 MOther Equity
Persona AI
May 2025Participated
$27 MSeed
ESG Flo
Apr 2025Participated
$12 MSeries A
Crogl
Mar 2025Led
$30 MSeries A
Tana
Feb 2025Led
$14 MSeries A
Nooks
Oct 2024Participated
$43 MSeries B
TEDIRO
Aug 2024Participated
$11 MOther Equity
Reliant AI
Aug 2024Led
$11 MSeed
Reliant
Aug 2024Led
$11 MSeed
Klarity
Jun 2024Participated
$70 MSeries B
Nooks
Apr 2024Participated
$22 MSeries A
StarLifter
Jul 2026Led
$12 MSeed
TrustCloud
May 2025Participated
$15 MOther Equity
Persona AI
May 2025Participated
$27 MSeed
ESG Flo
Apr 2025Participated
$12 MSeries A
Crogl
Mar 2025Led
$30 MSeries A
Tana
Feb 2025Led
$14 MSeries A
Nooks
Oct 2024Participated
$43 MSeries B
TEDIRO
Aug 2024Participated
$11 MOther Equity
Reliant AI
Aug 2024Led
$11 MSeed
Reliant
Aug 2024Led
$11 MSeed
Klarity
Jun 2024Participated
$70 MSeries B
Nooks
Apr 2024Participated
$22 MSeries A
63
Items
...
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Insights

Time horizon

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Deal Distribution

Tola Capital: 63 funding rounds are recorded in the selected participation categories.All available history.
Tola Capital: 63 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed113
Series A106
Series B67
Series C+76
Other Equity16

Monthly Deal Activity

Tola Capital: 63 deals are recorded across 182 months.All available history.
Tola Capital: 63 deals are recorded across 182 months. All available history
MonthDeals
Sep '111
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '121
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '131
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '141
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '151
Nov '151
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '161
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '171
Feb '171
Mar '170
Apr '170
May '170
Jun '171
Jul '170
Aug '171
Sep '170
Oct '170
Nov '170
Dec '171
Jan '180
Feb '180
Mar '180
Apr '180
May '181
Jun '183
Jul '180
Aug '180
Sep '180
Oct '182
Nov '180
Dec '181
Jan '190
Feb '190
Mar '191
Apr '191
May '192
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '201
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '201
Nov '200
Dec '201
Jan '210
Feb '210
Mar '211
Apr '211
May '211
Jun '212
Jul '213
Aug '210
Sep '211
Oct '212
Nov '211
Dec '210
Jan '221
Feb '220
Mar '220
Apr '220
May '222
Jun '221
Jul '222
Aug '221
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '232
Jun '230
Jul '230
Aug '230
Sep '231
Oct '232
Nov '230
Dec '230
Jan '240
Feb '241
Mar '240
Apr '241
May '240
Jun '241
Jul '240
Aug '243
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '251
Mar '251
Apr '251
May '252
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Tola Capital: Enterprise Software is the largest displayed sector by deal count (37 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Tola Capital: Enterprise Software is the largest displayed sector by deal count (37 deals). All available history
SectorDeals
Enterprise Software37
AI & Machine Learning23
Data, Analytics & IT15
Hardware & Robotics14
Networks, Cloud & Communication12
Professional Services11
Cybersecurity & Privacy9
Real Estate & Construction6
Fintech6
Developer Tools6
Space & Frontier Tech4
E-Commerce & Retail3
Transportation & Logistics3
Manufacturing2
Travel & Hospitality1
Consumer & Lifestyle1
Marketing & Advertising1
Media & Entertainment1
Health & Life Sciences1

Deal Size Distribution

Tola Capital: 63 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Tola Capital: 63 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M6
$5M-$10M10
$10M-$25M28
$25M-$50M14
$50M-$100M4
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Tola Capital: United States has the largest recorded deal count among the displayed regions (56 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Tola Capital: United States has the largest recorded deal count among the displayed regions (56 deals). All available history
RegionDeals
United States56
Europe5
Australia1
Canada1
Tola Capital: 20 co-investors are shown, with Accomplice sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Tola Capital: 20 co-investors are shown, with Accomplice sharing 4 recorded deals. All available history
Co-investorShared deals
Accomplice4
Madrona Venture Group4
Rho Ventures4
Sapphire Ventures4
Allegion Ventures3
FirstMark Capital3
Inovia Capital3
Invus3
Arsenal Venture Partners2
Bee Partners2
Canaan Partners2
ClearSky2
Contour Venture Partners2
Floodgate2
High-Tech Grunderfonds2
Hyperplane Venture Capital2
Nationwide2
New Enterprise Associates2
Norwest Venture Partners2
OpenView2

Investment Strategy

Tola Capital: Led accounts for 56% and participating for 44% of round participation.All available history.
Tola Capital: Led accounts for 56% and participating for 44% of round participation. All available history
CategoryDeals (count)Share (%)
Led3556%
Participating2844%
Tola Capital: Single-lead accounts for 80% and co-led for 20% of lead dynamics.All available history.
Tola Capital: Single-lead accounts for 80% and co-led for 20% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2880%
Co-led720%

Team

Aaron Fleishman

Partner

Akshay Bhushan

Partner

Jake Nibley

Vice President

Phil Sorgen

Venture Partner

Sheila Gulati

Managing Director

Stacey Giard

Partner

Tashi Schmidt

Chief Financial Officer

Will Coggins

Vice President