Touring Capital

Touring Capital is an early-stage venture capital firm founded in 2023 and headquartered in San Francisco, investing globally. The firm targets early-growth software companies approaching product-market fit, with a stated focus on two categories: artificial intelligence software and software that “supercharges the workforce” — productivity-oriented enterprise applications built on AI and machine learning.

The firm’s debut vehicle, Touring Capital Fund I, closed at $330 million in 2025. Sector coverage across the firm’s stated interests spans healthcare, financial data, cybersecurity, marketing, fleet operations and enterprise software more broadly — a vertical spread consistent with a horizontal thesis on AI applied to industry-specific workflows.

The founding team brings experience building and leading venture platforms at Qualcomm, Microsoft’s M12 and SoftBank. Touring Capital describes its model as deep partnership with founders: extending the founding team, providing practical operating experience and networks through company building, offering candid advice, and remaining committed as a company’s direction evolves.