Nagraj Kashyap, Priya Saiprasad, and Samir Kumar announced the launch of Touring Capital, a venture capital firm focused on investing in the next generation of early-growth stage, AI-powered SaaS startups around the world.
Touring Capital’s founding partners previously “led M12, Microsoft’s Venture Fund, and Qualcomm Ventures and have been in leadership roles at SoftBank Vision Fund II.”
Touring Capital is partnering “with Oakley Capital, a investment firm with $10 billion under management, to build a new venture capital platform.”
The platform will “offer decades of experience spanning market cycles, the power of a tried-and-tested 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, a cutting edge AI-powered software for digital marketers.”
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, highlighting the team’s commitment to strong, long-lasting relationships with entrepreneurs.”
Touring Capital’s founding team has “worked together across three platforms since 2012, successfully building cultures that drive platform longevity and market-leading returns.”
Kashyap, Kumar, and Saiprasad have collectively “invested in 16 unicorns and led 26 successfully exited investments, underscoring their deep connectivity and proven track record of venture capital investing across the global technology startup ecosystem.”
With a differentiated approach, Touring Capital 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, the firm will “focus heavily 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.”
Nagraj Kashyap, founding partner at Touring Capital said:
“Our deep, cross-generational industry expertise uniquely positions us to support entrepreneurs from a variety of backgrounds and equip them with a network of global relationships that extend beyond Silicon Valley and the U.S..”
Founded in 2023, Touring Capital is a venture capital firm focused on investing in the next generation of early growth stage, AI-driven SaaS companies around the world.
The Touring Capital team is “committed to investing in companies that are leveraging AI to fuel major productivity gains for workers across all lines of business and sectors.”