News Report Technology
November 30, 2023

Tola Capital Secures $230 Million in Funds to Support Enterprise Software Focused AI Startups

In Brief

Enterprise software focused VC firm Tola Capital has secured $230 million in funding to help early-stage AI startups.

 

 

Tola Capital Closes $230 Million Fund III to Support AI Startups Focused on Enterprise Software

Tola Capital — a venture capital firm focused on artificial intelligence (AI) enterprise software investements, has announced the successful closure of its third fund, securing $230 million in capital commitments. The funding is the VC’s largest amount raised to date and the primary focus will now be on investing in seed and early-stage startups that explore the potential of AI to enhance enterprises.

Founded in 2010 by a former Microsoft enterprise IT strategy head, Tola Capital comprises a team of experienced software operators who previously built and led cloud and enterprise software businesses at Microsoft.

The firm has been actively involved in AI since its inception, having invested in startups leveraging AI technologies, including Pulumi, Klarity, Simpplr and Nooks.

Tola Capital’s previous two funds yielded over a dozen exits, including Clipchamp, a video software company acquired by Microsoft; OSIsoft, a data management company acquired by AVEVA; and Hybris, an e-commerce customer tool acquired by SAP.

The new fund is poised to invest in 25 to 30 companies, allocating between $1 million and $4 million for seed-stage companies and $5 million to $15 million for Series A and B. To date, the firm has already deployed capital to eight companies, including Arcus, ESG Flo, FeatureByte, Fetcher, Holistic AI, Langsafe, Lumeus and Zilla.

Cumulatively, including the newly raised fund, Tola Capital has amassed a total of $688 million in investments. The firm’s primary investment focus remains on the enterprise framework of AI, encompassing areas such as responsible AI, AI security and app layer AI.

Momentum Grows for AI in Enterprise Software

According to the IDC report, the global AI software market is projected to generate nearly $792 billion in revenue by 2025.

Moreover, the AI applications in enterprise software have captured the attention of Big Tech companies, who are actively exploring the field.

This week, Amazon unveiled its latest AI chatbot, Q, created to aid users in business intelligence, programming, and configuration use cases. This initiative follows the earlier introductions of Microsoft‘s Copilot for Azure and Google Cloud’s Duet AI—both serving as chat-driven assistants for cloud customers.

Despite the downturn in the fundraising environment over the past year, the significant interest in AI recently has demonstrated that it is an opportune time for companies to raise new funds.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories

Turning Domains into the Backbone of Web3 with D3

by Victoria d'Este
May 23, 2025
Join Our Newsletter.
Latest News

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
DeFi Execution Without the DeFi Headache With Pluton Finance
Hack Seasons Interview Business Markets Technology
DeFi Execution Without the DeFi Headache With Pluton Finance
May 23, 2025
Turning Domains into the Backbone of Web3 with D3
Hack Seasons Interview Business Markets Technology
Turning Domains into the Backbone of Web3 with D3
May 23, 2025
DOP Proposes Bold Tokenomics Reset to Help Spur Ecosystem Growth Even Further
Press Releases Technology
DOP Proposes Bold Tokenomics Reset to Help Spur Ecosystem Growth Even Further
May 23, 2025
Gate’s GET To Transform Entertainment With Web3-Powered Participatory Economy
News Report Technology
Gate’s GET To Transform Entertainment With Web3-Powered Participatory Economy
May 23, 2025