Touring Capital, a new venture capital firm, has been launched with a focus on investing in early-growth stage AI-powered SaaS startups around the world. The firm’s founding partners, Nagraj Kashyap, Priya Saiprasad, and Samir Kumar, have previously led M12 (Microsoft’s venture fund) and Qualcomm Ventures, bringing years of experience to their new venture.
The team has also partnered with Oakley Capital, an investment firm with $10 billion under management, to build a venture capital platform. This platform will leverage Oakley Capital’s experience and network to create value for portfolio companies. Touring Capital’s first investment was in Pixis, an AI-powered software for digital marketers.
Backed by institutional firms, family offices, and former founders, Touring Capital is committed to building solid and long-lasting relationships with entrepreneurs. The founding team has a track record of success, collectively investing in 16 unicorns and leading 26 successful exits in the global technology startup ecosystem.
Touring Capital aims to source deals globally, focusing not only on Silicon Valley but also on emerging software ecosystems in India, Australia, Israel, and Europe. The firm’s debut fund will primarily target Series B and Series C rounds of category-defining SaaS companies utilizing AI technology.
Nagraj Kashyap, founding partner at Touring Capital, emphasized the team’s extensive industry expertise and global network. He stated, “We are committed to partnering with exceptional founders that are reshaping the software landscape through AI and supercharging their growth for long-term success.”
Peter Dubens, founding partner at Oakley Capital, expressed confidence in Touring Capital’s ability to choose emerging category winners and provide support for rapid growth. He highlighted the firm’s impact on portfolio companies and their role in transforming AI-fueled software to improve human productivity.
With its experienced team, strategic partnerships, and a clear focus on AI-powered SaaS startups, Touring Capital is poised to make a significant impact in the venture capital industry.
Definitions:
– Venture Capital: Funding provided by investors to high-growth startup companies in exchange for equity ownership.
– SaaS: Software as a Service, a software licensing and delivery model where software is accessed via the internet on a subscription basis.
– AI: Artificial Intelligence, the simulation of human intelligence in machines that are capable of learning and performing tasks.
– Unicorns: Privately-held startups with a valuation of over $1 billion.
Sources:
– Nagraj Kashyap, Priya Saiprasad, and Samir Kumar Announce Launch of Touring Capital
– Oakley Capital Partners with Touring Capital to Build New Venture Capital Platform
