TLDR: Touring Capital, a new venture firm established by former leaders from SoftBank Vision Fund II and M12 (Microsoft’s Venture Fund), has successfully closed its first fund at $330 million. The fund is dedicated to investing in early-growth stage, AI-powered software startups globally, aiming to support companies that are redefining productivity across various industries.
SAN FRANCISCO – September 25, 2025 – Touring Capital, a venture capital firm founded by a team of industry veterans, today announced the successful closure of its inaugural Fund 1, oversubscribing at $330 million in aggregate commitments. The fund is strategically positioned to invest in the next generation of early-growth stage, AI-driven SaaS companies worldwide.
The firm was established in 2023 by Nagraj Kashyap, Priya Saiprasad, and Samir Kumar, who collectively bring over 60 years of experience from prominent investment firms. Their distinguished careers include leadership roles at SoftBank Vision Fund II, M12 (Microsoft’s Venture Fund), and Qualcomm Ventures. This seasoned team boasts a remarkable track record, having collectively invested in 17 unicorns and overseen 30 successful exits, including notable companies like Zoom, Kahoot!, Applied Intuition, Outreach, Livongo, and Go1.
Touring Capital’s investment thesis is firmly rooted in the transformative potential of artificial intelligence. Nagraj Kashyap, co-founder and general partner, articulated this vision, stating, “We launched Touring Capital with the belief that AI would redefine software and reshape productivity across industries. We’re seeing that conviction validated every day.” He added, “With this new fund, we’ll continue to support founders scaling the next generation of software companies.”
The fund will primarily focus on Series B and Series C rounds for category-defining software companies leveraging AI. Since its launch in September 2023, Touring Capital has already made twelve investments, demonstrating strong early results with five up-rounds and one exit.
Touring Capital is backed by a diverse group of investors, including leading global institutional limited partners, family offices, and more than 30 former founders who have previously collaborated with the team. This strong backing underscores the firm’s reputation as a trusted, founder-first partner. The firm is committed to a hands-on approach to value creation for its portfolio companies, leveraging its extensive network across the global technology ecosystem.
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While actively sourcing deals across North America, Touring Capital will also place a significant emphasis on emerging software ecosystems in regions such as India, Australia, Israel, and Europe. The firm’s commitment is to partner with visionary entrepreneurs who are harnessing AI to drive major productivity gains for workers across all lines of business and sectors.
