Nagraj Kashyap, Priya Saiprasad, and Samir Kumar announced the launch of Touring Capital, a San Francisco, CA-based venture capital firm focused on investing in the next generation of early-growth stage, AI-powered SaaS startups around the world.
Touring Capital is backed by institutional firms and family offices, as well as more than 20 former founders who previously worked with Touring Capital’s leadership team members.
The firm aims to source deals in and outside of Silicon Valley and will be searching from coast to coast to identify exceptional founders. In addition to sourcing deals from across North America, Touring will focus on emerging software ecosystems including India, Australia, Israel and Europe. The firm’s debut fund will predominantly focus on investing in Series B and Series C rounds of category-defining SaaS companies powered by AI.
Touring Capital is partnering with Oakley Capital, an investment firm with $10 billion under management, to build a new venture capital platform. The platform will offer decades of experience spanning market cycles, a network across the global technology ecosystem, and a deliberate hands-on approach to value creation for portfolio companies. The team has already made its first investment by leading the latest financing round in Pixis, an AI-powered software for digital marketers.
FinSMEs
14/09/2023