Tola Capital Management, LLC
SEC exempt reporting adviser (venture capital exemption).
- Website
- HTTP://WWW.TOLACAPITAL.COM
- HQ
- WA
Tola Capital Management, LLC says it invests in companies that use intelligence to reimagine and reinvent workflows and outcomes for the enterprise of the future. Its portfolio listed in the facts includes companies such as Ascerta, Certora, Coheso, Holistic AI, Pulumi, Simpplr, StarLifter and Within. The firm lists several partners, venture partners and operating staff, including Sheila Gulati as Managing Director.
New fund likely raising soon
The firm's newest fund is 4 to 7 years past its first sale and no newer Form D has been filed.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Not stated | Not enough dated deals | Growth, Series A, Series B, Seed |
| Sectors | Not stated | Not enough dated deals | Enterprise SaaS, Data analytics, AI applications, Hardware, Cybersecurity, Insurtech, Logistics |
| Regions | Not stated | Not enough dated deals | CO, CA, MA, NY, WA |
Says: what the firm's funds state. Does: from 1 dated deal in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2011 | 1 | AI applications, Data analytics, Enterprise SaaS |
| 2012 | 1 | Data analytics |
| 2013 | 2 | Enterprise SaaS, Data analytics, Ecommerce |
| 2014 | 2 | Enterprise SaaS, Data analytics, Ecommerce |
| 2015 | 2 | Enterprise SaaS, AI applications, Cybersecurity |
| 2016 | 5 | Enterprise SaaS, Logistics, AI applications |
| 2017 | 4 | Hardware, Cybersecurity, Enterprise SaaS |
| 2018 | 8 | Enterprise SaaS, Data analytics, AI applications |
| 2019 | 3 | Data analytics, Enterprise SaaS, AI applications |
| 2020 | 1 | Enterprise SaaS, Media |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2011 | 0 | 0 | 0 | 0 | 1 |
| 2012 | 0 | 0 | 1 | 0 | 0 |
| 2013 | 0 | 2 | 0 | 0 | 0 |
| 2014 | 0 | 1 | 1 | 0 | 0 |
| 2015 | 0 | 0 | 1 | 1 | 0 |
| 2016 | 0 | 1 | 1 | 0 | 1 |
| 2017 | 0 | 0 | 0 | 1 | 3 |
| 2018 | 0 | 1 | 3 | 2 | 2 |
| 2019 | 0 | 0 | 0 | 2 | 1 |
| 2020 | 0 | 0 | 1 | 0 | 0 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 1 | 0 | 0 | 0 |
| 2024 | 0 | 1 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 1 | 0 | 0 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Tola Capital III, LP | 2022 | $230M to $400M (Form D) | Late investment period |
03 · People across funds
- Sheila Gulati, Manager of the General Partner of the Issuer
Tola Capital III, LP (Named on Form D)
- Aaron Fleishman, Partner
Tola Capital III, LP (Team)
- Akshay Bhushan, Partner
Tola Capital III, LP (Team)
- Daniel Jowers, Controller
Tola Capital III, LP (Team)
- Jake Nibley, Vice President
Tola Capital III, LP (Team)
- Karolin Beck, Venture Partner
Tola Capital III, LP (Team)
- Phil Sorgen, Venture Partner
Tola Capital III, LP (Team)
- Qian Jiang, Vice President Finance
Tola Capital III, LP (Team)
- Sophia Lu, Vice President
Tola Capital III, LP (Team)
- Stacey Giard, Venture Partner
Tola Capital III, LP (Team)
- Tashi Schmidt, CFO and Partner
Tola Capital III, LP (Team)
- Vahé Torossian, Venture Partner
Tola Capital III, LP (Team)
04 · Recent deals
- Jul 2, 2026StarLifterSeedFirmsource
05 · Latest from the firm
- InvestmentStarLifter raises $11.5M seed led by Tola Capital to build the Enterprise Decision Layer | Tola CapitalJul 2, 2026
- Team changeTola Capital Announces Vahé Torossian as Venture Partner | Tola CapitalJul 17, 2025
06 · Sources
- HTTP://WWW.TOLACAPITAL.COM
- https://tolacapital.com/
- https://tolacapital.com/our-team
- https://tolacapital.com/portfolio
- https://tolacapital.com/2026/07/02/starlifter-raises-11-5m-seed-led-by-tola-capital-to-build-the-enterprise-decision-layer
- https://tolacapital.com/about
- https://tolacapital.com/2025/07/18/tola-capital-announces-vahe-torossian-as-venture-partner
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 25, 2026