Press Release

Tola Capital Closes $230 Million Fund III

November 29, 2023

Palo Alto – November 29, 2023 – Cooley advised Tola Capital, a Seattle-based venture capital firm investing in the next generation of enterprise software enabled by artificial intelligence, on the close of Tola Capital III at $230 million. Partner Jimmy Matteucci and associate Rand Singleton led the Cooley team advising Tola Capital.

Proceeds from the fund will be used for seed and early-stage startups that are revolutionizing the enterprise software industry with the use of AI. The fund brings Tola Capital’s total funds raised to date to $688 million.

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