What Touring Capital does

Touring Capital is a venture capital investment firm founded in 2023 and headquartered in San Francisco, California. The firm invests in early-growth, AI-powered software companies that are approaching product-market fit, targeting both horizontal AI applications and vertical SaaS plays across existing and emerging AI hubs in North America, EMEA and APAC. Touring's portfolio spans AI infrastructure (Parasail), legal workflow automation (Checkbox), generative-AI attribution and monetization (ProRata), video telematics (Netradyne), senior care (SafelyYou), automotive dealership AI (Numa), materials science (CuspAI), financial data (Daloopa), contingent-workforce payroll (Wingspan), digital identity (Blinq), agentic security operations (Exaforce), marketing AI (Pixis), and trust/security (SafeBase, exited to Drata in February 2025).

The firm is led by three co-founders with prior leadership at Qualcomm Ventures, M12 (Microsoft's venture fund) and SoftBank Vision Fund II — Nagraj Kashyap, Priya Saiprasad and Samir Kumar — supported by a Principal, Associate, CFO, Venture Partners, and advisors from Anthropic and Coinbase. Touring operates a single institutional fund vehicle (Touring Capital Fund I, $330M oversubscribed, closed September 25, 2025) alongside a Luxembourg-registered AIFM affiliate (Oakley Capital Manager S.à r.l.). The firm also uses AI tooling internally for deal sourcing and diligence — covered by The Wall Street Journal in September 2025 — and explicitly tracks that 50% of Fund I's portfolio is led by founders the partners have previously backed, reflecting a repeat-founder sourcing strategy.

Revenue is generated through traditional venture fund economics: management fees on committed/invested capital and carried interest on fund realizations. At the close of Fund I the firm reported 12 portfolio investments, 5 up-rounds and 1 exit (SafeBase acquired by Drata) within roughly 1.5 years of launch. Touring's go-to-market combines GP-led relationship sourcing (drawing on decades of network built across prior franchises that collectively backed 16 unicorns), co-investor syndication with peers such as Brighton Park, Kindred Ventures, Mayfield, Khosla, Square Peg and Peak XV, and inbound from content, podcast and earned-media presence (Fortune, WSJ, Forbes, Pitchbook, Axios, Business Insider, VentureBeat, CNBC, Bloomberg, NYT).

Name

Touring Capital

Legal name

Touring Capital LLC

Website

https://touringcapital.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Touring Capital is a San Francisco-based venture capital firm founded in 2023 that invests in early-growth AI-powered software companies globally, founded by former senior partners from Qualcomm Ventures, M12, and SoftBank Vision Fund and managing a $330M debut fund.

Ownership category

akta.pro rank

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Fund management fees and carried interest: Touring Capital earns revenue through traditional venture fund economics: management fees on committed/invested capital under management and carried interest (carry) on fund returns. Fund I closed at $330M in September 2025, oversubscribed. Revenue is recurring through the fund's life (typical 10-year fund) with realizations tied to exits (e.g., SafeBase acquired by Drata represented Touring's first exit, in under 1.5 years from launch and under 12 months from leading SafeBase's Series B).

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels8 records

Core offering

Touring Capital is a venture capital investment firm that manages Fund I, a $330M oversubscribed fund (closed September 25, 2025), deploying capital into early-growth B2B AI-powered software companies. The firm provides venture financing alongside deep operational partnership, board-level governance, recruiting support, customer introductions, and GTM strategy assistance to founders of cutting-edge software companies approaching product-market fit. Touring Capital also applies AI tooling internally for deal sourcing and diligence workflows.

Product overview

Touring Capital is a venture capital investment firm — not a software vendor — offering a single unified offering built around Touring Capital Fund I, a $330M debut fund that invests in early-growth AI-powered software companies. Its named offerings are its portfolio companies (Parasail, Checkbox, ProRata, Netradyne, SafelyYou, Numa, CuspAI, Daloopa, SafeBase, Pixis, Wingspan, Blinq, Exaforce, and SlashExperts), each operating as an independent AI-software platform in domains ranging from AI infrastructure (Parasail), legal workflow automation (Checkbox), financial data (Daloopa), fleet safety (Netradyne), and senior care (SafelyYou) to digital publishing monetization (ProRata), payroll for contractors (Wingspan), digital identity (Blinq), security operations (Exaforce), and materials science (CuspAI). Touring Capital also leverages AI internally to scout deals as reported in the Wall Street Journal.

Differentiator

Problem solved

Functional benefit

Products and services

• Touring Capital Fund I Debut $330M oversubscribed venture capital fund that invests in early-growth AI-powered software companies approaching product-market fit. Targets category-defining software companies with data moats, product flywheels, and domain expertise across AI hubs globally. The fund provides capital plus deep operational partnership to founders.

Quantifiable outcome

• $330M oversubscribed Fund I closed September 25, 2025
• +4 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered flagship acquirer of safebase — touring's first exit partner and core — fund-management affiliate.

• Drataflagship acquirer of safebase — touring's first exit partnerStrategic or Co-development Partner · 1 February 2025Drata is the compliance automation leader that acquired Touring portfolio company SafeBase in February 2025, delivering Touring Capital's first exit within 1.5 years of fund launch and under 12 months from leading SafeBase's $33M Series B. Acquisition combines SafeBase's Trust Center capabilities with Drata's compliance automation features.
• Oakley Capital Manager S.à r.l. (OCMS)core — fund-management affiliateStrategic or Co-development Partner · 1 January 2023Oakley Capital Manager S.à r.l. (OCMS) is a Luxembourg-registered company authorised by the Commission de Surveillance du Secteur Financier (CSSF) that acts as AIFM for Touring Capital funds. OCMS is part of the Touring/Oakley group referenced in Touring's disclaimer. Registered office: 26A Boulevard Royal, L2449, Luxembourg.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• M12 (Microsoft's Venture Fund): M12 is Microsoft's venture fund where all three Touring co-founders previously held senior roles. It invests in enterprise AI and SaaS at similar stages with comparable founder-relationship-led sourcing — the most direct lineage peer.
• Kindred Ventures: Kindred Ventures co-led Parasail's Series A alongside Touring. It is a similarly-sized early-stage venture firm investing in AI software and frontier tech, with comparable founder-led sourcing and stage focus.
• Brighton Park Capital: Brighton Park Capital led Daloopa's Series C with Touring participating. It is a growth-oriented venture and equity firm investing in AI/enterprise software, with similar mid-cap check sizes and AI-software thesis.

Broad incumbents

• Mayfield Fund: Mayfield co-invested in Exaforce with Touring and shares an enterprise-AI and SaaS investment thesis. As a much longer-tenured and larger firm, Mayfield is an incumbent peer with overlapping deal flow.
• Khosla Ventures: Khosla Ventures co-invested in Exaforce with Touring. As one of the most prolific AI-first investors, Khosla is a broader incumbent peer with much larger fund vehicles but a closely aligned AI-software thesis.
• Lightspeed Venture Partners: Lightspeed co-invested in CuspAI with Touring. As a multi-stage global VC with deep AI/SaaS portfolios, Lightspeed is an incumbent peer operating across stages and geographies that Touring also targets.
• Andreessen Horowitz (a16z): a16z is the most prominent AI-software-focused incumbent investor, with overlapping portfolio themes (AI infrastructure, enterprise SaaS, fintech) at much larger scale than Touring.
• Qualcomm Ventures: Qualcomm Ventures was founded and led by Touring co-founder Nagraj Kashyap. It is a strategic corporate VC investing in AI, 5G, and deep-tech — a peer rooted in the same sourcing lineage as Touring.

Regional players

• Peak XV Partners: Peak XV (formerly Sequoia India/Southeast Asia) co-invested in Checkbox with Touring. It is a major regional VC in India/SEA that intersects with Touring's APAC AI-software deal flow.
• Square Peg Ventures: Square Peg co-invested in Blinq with Touring. It is a leading Australia/Israel-focused VC investing in early-stage software, comparable to Touring's geographic expansion strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=2UHtnYrspL8
• LinkedInlinkedin.com/company/touring-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments20 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Touring Capital